Canopy Growth Corp T.WEED

RE:Someone Just Bet $50 Mil on CGC

[monte8]

This smells fishy!  I mean $50 million at 18% discount of last traded price. What has the CEO (insiders) discused with the new the new investor(s), what inside information has been passed?   

This is a public company and the share price (deal) was made (prearrangd) behind closed doors.  Whats to say the CEO and insiders are friends and families with the new investor(s) sharing inside information not normally disclosed to the public.  Why at such a deep discount????

Shouldn't the new investor(s) be identified, made public?  After all, they bought internally and not in the open market!

 Doesn't anyone in this board feel this deal is fishy!!

[quinlash]

It's very typical that the private purchase of shares are done at a discount to trailing 30 days. You can Google that in the event you have not been in the market long enough to notice. Lots of folks speculated that Canopy wouldn't be able to attract new investors, clearly this is not the case When you invest its best to decide upfront if you're going into something long term or just

[Apprentice]

Is this going to be green eod? Closing of the agreement (not including the over-allotment option) is expected by Tuesday. https://themarketherald.ca/canopy-growth-stock-attracts-capital-after-recent-gains-2023-09-18/

[monte8]

I meant to say "certain institutional investor friends "!

[charlie007]

Canopy will likely be losing money for years to come, along with most of the rest of them. But as the laws change the hype will be another opportunity to cash in and out. The investors are gambling on that, more positive news is coming, certainly by the next election.  Do your own analysis.