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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 Mar 19, 2024 8:17pm
213 Views
Post# 35941899

RE:RE:RE:CGC up another 12% after hours…

RE:RE:RE:CGC up another 12% after hours…
Doubleeagles wrote: What's causing run up after hours?



There are two trades on the market that result in buying activity.

1) Buying Long Shares.  Everyone knows this trade, it's the first thing people think of when they think about making money on the stockmarket (Buy Low / Sell High)

2) Short Cover - this one is not as well known but it's a required trade (regardless of price) to exit a Short Positions. A short position trades is a bet that the shareprice will fall (Short High / Cover Low)

When you have a great deal of Short Covers occuring at one time you see a pop in SP, this is where the term "Short Squeeze" comes from.

It's not uncommon to see bashing / hate speech on forums from those holding short shares as they are concerned folks will buy shares they need themselves to cover on.











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