Canopy Growth Corp T.WEED

Someone Just Bet $50 Mil on CGC

[quinlash]

That's how I see it. Those who provided the $50 million are betting on US Cannabis legalization and the future success (and growth) of their investment.

You can bet they accounted for the addition of the shares to the float and they're not day traders.

It's how the rich get a ton of shares and just make themselves richer by patiently holding.

Jmho/glta

[charlie007]

now that i have averaged down i patiently wait for $20 so I can be rich!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[charlie007]

i mean break even, 20 is to break even!!!!!!!!!!!!!!!!!!!!!!!!

[lou64]

Yeah a measly warrant worth 1.35 in 5 years for your vote of confidence of buying 1.09 DUD Toooooooooooooooooo funny

[lou64]

If Klein and company was sooooooooooooooooooo confident that American legalization was about to happen then your 50 million needed to support and float Canopy would be  SENIOR DEBT NOTES @ 5 % interest  """"" NOT 45 MILLION MORE SHARES """""""" and an additional 45 MILLION WARRANTS AT A 5 YEAR REDUCED RATES !!! some

[charlie007]

Have you sampled any of the crumble, budder or cavier from the illegal sites?  I have found it for as low as 8.50/g cdn free fast delivery omg life is good

[Coloradobuff]

That's one way of looking at it....another way could be... 1. No reverse split  2. Locked in floor price of 1.09$ to eliminate short term nasdaq delisting 3. Raising money at more optimal time as their share price was .39 3 weeks ago.  that said I don't like the timing of this and you could be right.   

[quinlash]

The company just added $50 Million to their coffers through a private placement so someone ponied up that $50 million with their eye on the future of the company as being favorable. Those who see it the same will will either buy and / or hold, those who do not will either pass on the opportunity today is presenting or opt to exit. Fortune favors the bold, if you are not bold then the markets are

[OptGreen]

Agreed quin, the only cash they need is the sales and investment proceeds from fair to better sales from local legal vendors ...there is a real need for the legal system to be up and running at a level to take over the demand created as the BM is cleaned up and out. Of which has to be done if there is to be a NA going forward. The folks have seen enough and will not stand for much more going

[OptGreen]

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