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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Healthcare Cannabis
Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Canopy Growth Corp > Globe and Mail Update
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Comment by Roadappleson Nov 28, 2020 12:02pm
327 Views
Post# 31994557

RE:Globe and Mail Update

RE:Globe and Mail Update"Canopy Growth (Friday’s close $37.50) had a sharp decline from $70.98 to $18.23 in 2019 (A-B), then remained within a large horizontal trading range mostly between $18.50 and $34.00 (dashed lines). The recent rise above the 40wMA, as well as the recent rise to $35, is positive (C), however, only a sustained rise above $35-36 would confirm the start of a new up-trend.
Behaviour indicators including the 40wMA and the rising trend-line (solid line) confirm the bullish potential. There is good support near $29-30; only a sustained decline below $24-25 would cancel the current upside potential.
A rise above $35-36 would signal Point & Figure targets of $39 and $42. Potentially higher targets are visible.
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