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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 Nov 24, 2023 6:29pm
160 Views
Post# 35752326

RE:Shorting

RE:Shorting
Donwaan wrote: From Struthers report: There are about 18,000 US public companies and there is on average $135 billion per day in short selling.That is a huge number! Canopy has a significant short position that could easily distort trading.


Shorting is a reality in the market, just about any stock you look at has some amount of a short position on it.  Not too sure if it was Fintel or MarketBeat Summary I was looking at during my research recently but it was noted that the level of Shorting on Canopy Growth shares is "Healthy".   I would have to guess that is realitive to peers within the sector or relative to the markets overall.

Short Position traders take on "Unlimited Loss Potential", it's not like they can put in $500 bucks and call it a day with a total risk exposure of $500, a Long-Position Investor can, but not a Short.  Shorts sit on losses as a SharePrice goes up and (in theory) there is not cap to where "top" is.

Two topics I found interesting on shorting were the GameStop Gamma Squeeze (there is a documentry on that now) and then were was an article out that explained Kevin O'Leary's Shorting Experience on Yahoo Stock.  Apparantly Kevin went short on Yahoo as the dot com bubble burst but Yahoo beat the odds and came back, he was stuck trying to buy back / cover his shares for the following 4 years.

Imagine shorting Amazon or Apple back when those two stocks both appeared to be in trouble, ouch.

Anyhow, Happy American Thanks-Giving !







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