Canopy Growth Corp T.WEED

RE:Nasdaq says NOPE not happening

[quinlash]

The back and forth between Canopy and the SEC on this topic has been on-going for over a year, longer I believe, but a year for sure.

Considering Cannabis SAFER Banking ACT has yet to pass I am not surprised to see that SEC is still pushing back on Canopy's plans.  As for US Based Investors, may of them are simply not allowed to invest in Cannabis Stocks yet due to the Federal status of Cannabis in the US.

Once SAFER gets passed (by end of year, maybe?) institutional investors can start picking up shares in whichever Cannabis Companies they like and this will assist in driving much better prices.

HHS Re/De-scheduling is also possible (not a for sure, but possible) by year end which may also loosen up restrictions on who is / isn't allowed to own shares in Cannabis Stocks.

[Pedal2themetal7]

The CEO keeps on being tunneled vision with the US, and at the pace the US government has been moving good luck. With everything going on globally, would be surprising to see anything moving forward.  The slow pace at restructuring, the Bio Steel debacle, the promise of being profitable on numerous occasions is keeping most at bay. It's a penny stock desperate to keep its head above

[quinlash]

Did you bother finding all the more recent interviews with the CEO on YouTube?  He outlines the plan and his approach in those. My view of the reports is that he's slowly but surely pulling it off. The Dales Report did a QTR report review and commented that they see Canopy being a major player in the sector, again, it's on YouTube 

[Pedal2themetal7]

Yes, listened to all interviews, read all reports, and with a looming split it doesn't matter what he says, it's the same pattern every time a penny stock announces the possibility of a split.  I do agree there is a glimpse of hope, but they're on life support and IF they can maintain the 10 required days above $1.00 US, then I might take a more serious look, but if they go

[quinlash]

Thats fair enough, I can agree with you, mostly. I think the plan he laid out is reasonable for the time available, assuming he takes advantage of it all.   I'm simply betting he is going to do everything he can for his investors, mostly the large ones that are likely on his back hard right now, so I figured its as good as time as any to grab a few shares and wait it out.. from