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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

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

Comment by quinlashon Aug 17, 2022 9:34pm
162 Views
Post# 34903770

RE:Short position is down to 11Mil

RE:Short position is down to 11Mil
smallcaptdr wrote: We could be seeing shorts starting to cover their positions and that will always add to the volume the next short update should be out any day so expect to see 11Mil or 2.30% of the float change to a lower number. 


The market is primiarly based on Long Positions where investors and traders pick up shares with the expectation of selling them later at a higher price.  A reduction in the Short Position can be viewed as a positive for a stock as the "negative bets" are being withdrawn in antispation of better prices going forward.

I highly suggest anyone reading forums to understand what a short position is as it definately explains why you will often see certain users attacking a stock and claiming it to be a poor investment... they are short and are under contract to buy the shares

The worse case scenario of a short-position going wrong for a trader is captured well in the following article. 

Example of shorting gone wrong....
https://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19







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