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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

Post by quinlashon Jul 12, 2023 2:45pm
238 Views
Post# 35537908

Evidence Suggests Hedge Funds will Buy their Shorts Back...

Evidence Suggests Hedge Funds will Buy their Shorts Back...Not a rumor in the slighest, observing this stock and the trading patterns you have a whale hedger on this one who is under contract to buy shares (cover their short). 

The Fed announced today another rate hike which may motivate that hedge fund to start the buy back / cover process sooner than later.

Considering where the bid / ask is I highly doubt they can cover back on all those shares without making a notable increase in the current shareprice.

WEED is up TLRY is down...  WEED likely has the larger short to cover

JMHO
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