Canopy Growth Corp (WEED)

[INIT2WINITYO]

everyone thinking that on day 1 of trading you saw the LOW of tweed is a little crazy I think..
the insiders have millions more shares to sell to raise the funds, and there have been zero price spikes on the first day up to show any buying pressure. a few meager blips off 2.50 , but def trending down for next week.
therefore , unless they decide not sell any shares soon to finish raising the funding
( I dont think this will happen)
expect this to drift lower until 1.90's at least , with a solid supply of shares just waiting for you on the ask..


For those that did not get in friday, SET YOUR BIDS at a price you want and dont chase it- it should come down next week. forget about seeing 1$ though.


also - its a little to raw to just compare ATTBF to this and say "well that went to 2.70 with no license."

not the same thing , and I would argue ATTBF should be popping up to around 4$ if/when they get a license approval, but they have so much more in the pipeline than simply growing and selling some vape's down the road.. if you put them side by side with a license each, I also like ATTBF more.

both are seriously good long term investments IMO, but I would be shocked if TWD goes back to 4$ before it drops below 2$..