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Canopy Growth Corporation (WEED.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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4.1900+0.1800 (+4.49%)
At close: 04:00PM EDT

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  • R
    Reda
    How’s everyone doing on this beautiful Friday morning? :)
  • R
    Remo
    If you look at the 1 Month chart we are clearly ramping up. Green day and then a red but we are slowly moving up. Pricing consolidation. Now we need some positive catalysts and this will move quickly. Come on Safe Banking
  • H
    Hoov
    Lotta big money moving into CGC

    Vanguard,
    Morgan Stanley ,
    Bank of America
  • m
    mahesh
    Are you guys still in CGC? They just got featured on the watchlist at (http://market-engross.club)
  • A
    Al
    If I’ve ever steen a clean, man made staircase in a live chart, this is the one. It’s right there.

    Germany is the catalyst.
    Momentum gaining in a smaller SAFE Bill, not full blown legalization, but the spark.
  • B
    Beachbubba
    The true deal is that cannabis stock ownership is limited as far hedge funds and institutional investors due to regulations/ reputation/risks. Was completely carried by the retail investors based on spec and hype. Now these stocks are trading based on fundamentals. Once federal US legalization takes place (in next 1-3 years then they will get institutional ownership, hedge fund plays, banking and all the normal IRS accounting deductions other companies can use. CGC is in a phenomenal position to capitalize on this trend going forward although it does suck right now. They have all the deals to put to capitalize on the medical field. consumer goods. and tobacco/beverage channels of distribution and market share. It’s just a waiting game. Many of their competitors that simply focus on dry weed will be out of business in another year and even those that are not will find that dry weed will trade like any other commodity stock. Medical, package goods/health products. infusion based products will be the real profit centers of cannabis and CGC knows it. They have done the research, built medically approvals facilities and methods of extraction. It has cost billions but they ate 10 years ahead of their competitors. Having to depend on limited medical and dry weed right now sucks but the real game will start in next couple years and they will be in a position to dominate that market. Just have to preserve cash until then and let others fall by the wayside. Imo
  • t
    thanos
    what with the sudden price increase?
  • A
    Alex Willems
    Very strong close. Are weed stocks about to by me another house?
  • E
    EDWIN (Sansu)
    markets are back, the ride up is just starting.
  • m
    mica
    Looking strong, when 3.18us resistance eventually breaks , then it will close that 3.5us gap and then head to next resistance 3.86 !
  • C
    CB
    Run Shorty run! 😂
  • L
    Li lin
    MASSIVE order are coming in at the close, huge volume. Large institutions on the move again🤑🚀
  • R
    Reda
    You know somethings up when it closes at its highest 🚀
  • I
    Ilan
    $4 by Friday... Mid term boost coming...
  • P
    Paul
    Canopy always surprises me, it always bounces back even after losses. Go figure.
  • H
    Harry
    added some more today.
  • P
    Pro-MJ
    Which is the better "buy"?? CGC or Tlry??...asking for a "friend".
  • G
    GordonGekko
    It's definitely good to see CGC has been making higher highs and higher lows heading into US Cannabis Federal Legalization. We're about to see a huge short squeeze here. Let's goooo!!!!!
  • B
    Bruce
    wow erased all the losses from yesterday!
  • A
    Al
    These violent moves both up and down, within this trading range the last few months confirms short covering is on its way. It may not squeeze, but the shorts overhang should become more of a tailwind once the sail is pointing in the right direction. Much more to go, but looks promising.