RE:RE:RE:RE:Canopy Growth Institutional OwnershipWheatkingtrad3r wrote: Thanks. I'd feel better if those holding percentages were higher. We need to see some confidence in Canopy from these funds.
We also need to consider the reality that reports for insider trading and institutional ownership lag behind being made public for days, weeks and even months. Depending on who updates the fastest but also on what data is being reported.
Examples:
Insider trading - can update in hours or days depending on when the insider themselves report the transaction
Price to Sales Data - depending on the source this data can lag by weeks or months and is most accurate after a QTR report but again depends on when the person responsible for the updated data actually makes the update.
Anyone taking a critical view of stock websites should be noticing that it is not difficult to find numbers that are underdstated between what is reported on the QTR reports.
Examples
Sharecount - some sites still report a much higher sharecount than actual shares outstanding
Price to Book Value + Ratio - you can compare websites to see this differs depending on who is reporting based on what data is used. The easiest way to get the correct number is to do the math yourself based on the actual QTR report from Canopy
The list goes on but regardless the point is that much of the Bearish view may be contributed to outdated data (IMHO).
Canopy has been releasing a ton of new products, incremental sales and cash flow from these new products are being overlooked and with Germany now opening up we have not seen any speculation on how Canopy Medical will benefit from this.
The company itself is not obligated to comment on this however it is entirely possible they will comment / issue a News Release if / when Canopy Medical secures a supply agreement with Germany.