Canopy Growth Corp
Do losing stocks get hit harder at the end of the year? For instance cannabis stocks got crushed this year. Will people further (oversell) things to mark losses to offset gains? Are these opportunities to buy stocks that have had a poor year??
TLRY and CGC coming soon legalization in Germany 84 million people and Mexico 125 million people all coming soon. In USA not only democratic Schumer Bill, but also National Defence Act Marijuana Bill and also Bipartisan supported Republican Nancy Mace Legalization of Marijuana Bill
I have a cooler name now, so maybe ppl will listen. Smoke weed and buy CGC or TLRY!! Or not- what’s your go to cannabis stock? I think these will both return near $100 eventually and they’re trading around $4.00 right now
And stick to your convictions based on DD. Many of us are doing exactly that with larger cannabis stocks such as Tilray (TLRY), Canopy Growth (CGC), and industry. My experience is that I got too impatient with AMZN, AAPL, and TSLA. All good stories that took time to gain traction.
$VFF has been very prudent with dilution, and $OGI is also one of the more respectful ones towards their shareholders. I do agree with the other dude though sundial has absolutely fisted their shareholders over the years. Only smart move they made is not spend 100% of that mountain of cash they had which is not something I can say for the likes of $CGC and $ACB.
I expect weed stocks to pop this fall. Not much legislature but several tickers are scraping the bottom. All they need is a few days in the news and they will go up. Picked up a bunch of CGC two weeks ago. Down 60% on long position with GTBIF but it's getting better. Hoping to break even soon.
I've been watching these primates closely, studying them, and sometimes shit does stick to walls. I wasn't able to jump on the GME bandwagon, but a week ago I came across some gorilla that posted about Cohen and the BBBY phenomenon about to happen. Thus my question. About holding.... there's also a time to let go, I think. Reality is regular people, working for their cash to be able to invest in stocks, will never be capable of matching the influence, scheming, and at the end of the day, billions of dollars the hedge funds have. I also have some CGC and ACB that I plan on gazing at for the next few years, until weed starts getting legal in Europe. Just for shit and giggles, cuz I don't smoke anymore.
This is definitely going to $5 tomorrow. That’s why I bought some shares just now because I love buying near the high and selling low! I lost 50% in MEGL in one day, and last year lost 75% holding Tilray, CGC and Cronos, along with IREN and Bunch of Garbage EV stocks. I’m down almost 70% from my high in January 2021 😂
This will come in handy in the next big bull run. Whether or not his approach will win long term is not known. But smooth talking Bruce Linton certainly did his fair share of salesmanship. As did a bunch of others. Most of those guys have practically vanished. They served their purpose and anyone left holding a bag did so because they were easily duped. I’ve got a bit of bags left too. Nothing too concerning, but this is more IAN / MMEN shit tickets as I like to call them. There will be a time when a salesman will pump up a stock to ridiculous heights. Watch the fundamentals and get out while p/s ratios get too high. IMO, 25x p/s is nuts, but CGC’s p/s of 280x was beyond freakish. Those were the early days with limited competition. If Curaleaf can bring in $4 billion in revenue, and hit a $100 Billy MC, that’s likely a good time to sell. But who knows. Thanks for listening to my Ted talk.
So your saying that "MEME" stock movements have been "temporarily suspended" for some reason? Someone else was saying that the "meme stock" situation was responsible for Tilray and CGCs rise for the past few days. "Blame it on the memes"... Sounds like a lame ass excuse for being a hater. I guess it must be hard. Tilray and CGC seem to almost mirror each other daily, in terms of SP movement. It's weird that bad sentiment to a stock is created by those who ain't holing it.
what $0.40 cents? yeah its called uplisting and its no surprise, maybe LPs can one day sell pot right? Dumb algos on big boards move your stock TLRY(CGC) & will never trade at what it once did back in the bull squeeze, even with being on the big boards. Canada & LPs have already shot their load and they were premature. And if you know why HKD AMTD and any other low liquidity, low float, FTD squeeze works, than you will know MSOs are setup up for a squeeze of massive proportions just based on market dynamics alone(add safe and you get institutional buying liquidity) If someone can pump an MSO 50% on less than $10k right now, imagine when they open the floodgates to billions looking to move their money into a new sector.
Canadian co’s decided to build corporations before they learned how to maintain quality canopy. I just read somewhere that CGC discarded over a billion dollars worth of flower just this year alone. Some US MSO’s learned from the Canada experiment … but some didn’t. MariMed took it one step at a time which has led them to where they are now. Some will criticize them being a “smaller” operator but look at the numbers. This “smaller” operator is making more money than MSO’s 10x their size. Some MSO’s took on big debt to expand quickly expecting the US gov. to act quickly on the matter, the US gov has not acted quickly. Now those MSO’s are in trouble because of 280e and lack of banking and will soon have to either take on more debt at high rates or issue more shares, diluting their shareholders. MariMed does not have this problem.