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Bullboard - Stock Discussion Forum 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... see more

TSX:WEED - Post Discussion

Canopy Growth Corp > SHARE PRICE PROJECTION
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Post by Starsearcher80 on Jul 05, 2023 9:21am

SHARE PRICE PROJECTION

This is just my own expectation for the share price, incorporating all that I see for the stock.

1) In the short term, I think we'll see a quick advance up to the $3.90 level, which is known resistance.

2). While this resistance level is known, the circumstances surrounding this resistance has now changed.  We are now very close to Candiac coming on line, which is an absolute game-changer for the stock. With that, I expect the $3.90 resistance level to fall quite quickly.  This will also be the 34rd try at this level, and as the saying goes, 3 (is often) a charm.

3). The breakthrough of the level will bring a lot of additional eyeballs to the stock from the technical analysis crowd.  This will also bring in a lot of additional buying.

4) With Candiac, I think we're going into a period of a lot of news releases for Nano, each of them substantiating progress.  What will REALLY propel the stock is validation from the car companies.  While this might take a few more months to come to fruition (I would say Ql 2024), again I think we're going to se a LOT of anticipation buying.

I'll just give a short term price projection for now, of $7.00 by this December. This alone represents a massive gain over the current share price.  The share price I expect in the medium and longer term is miuch MUCH more.

Enjoy.
Comment by PlantManager013 on Jul 05, 2023 9:29am
"Sir, this is a Wendy's!"
Comment by Starsearcher80 on Jul 05, 2023 9:40am
I forgot to mention one other VERY significant event, that being a Nasdaq listing.  I absolutely do expect this to be in Nano's future, and I would guess either late Q4 or early Q1.  Will this make a difference?  Yes, it typically makes a huge difference.  Ultimately though, the company rises on its own merits.
Comment by Starsearcher80 on Jul 05, 2023 1:21pm
Sorry everyone.  Posted this last message to the wrong board.
Comment by TheProphetElijah on Jul 05, 2023 1:53pm
Wait a minute there Star, are you trying to get us to switch our shares from Weed to Nano? Just thinking out loud.
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