Canopy Growth Corp (WEED)

[DrGreenthumb]

Addressing some questions...

1) There seems to be some confusion of how many shares are yet to be unloaded onto the market. All 35 million shares are not being sold to the public, that would leave the insiders with no stake at all.

"The founders and controlling shareholders of Tweed are Bruce Linton and Charles Rifici, each resident in Ottawa, Ontario, who directly and indirectly hold approximately 11.7% and 25.2% of the outstanding shares of Tweed, respectively. After closing of the Transaction Messrs. Linton and Rifici are expected to hold approximately 10.8% and 23.2% of the outstanding shares of Tweed Marijuana Inc., respectively (or 10.32% and 22.21%, respectively, if the Tweed Rights convert)."
http://www.newswire.ca/en/story/1324601/tweed-inc-and-lw-capital-pool-inc-enter-into-definitive-agreement-relating-to-reverse-takeover-transaction

So between Linton and Rifici, they will be holding roughly 35% of shares alone. Do you really think these guys see $2.50 as a price they would like to dump their shares at? They are just getting started! they will hold for years like many of us.


2) Although Tweed has said on their twitter account that they had nothing to do with it being offered OTC, it seems that it will be available OTC on Monday as posted here:
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/04/2014&mkt_ctg=NON-OTCBB



Some of my own perspectives;

Taking a look at technicals, albeit after 1 day of trading, there seems to be solid support @ roughly $2.50 beginning with the initial drop and sustained throughout the day.

It also seems that sentiment has done an about face 180, and everyone is expecting another 30% drop. Please show me an example of an industry leader whose share price dropped over 60% within 2 days of it's IPO. The insider buying to me would indicate that since the close was within 10% of the bottom, the current price is an excellent entry point.
http://www.tmxmoney.com/TMX/HttpController?GetPage=InsiderTradeMarker&Market=V&Language=en

I know lot's of people who have made lots of money selling pot for a long time. Tweed is doing it on a more grandiose scale than has ever been done... LEGALLY! They are up and running and there will be profits. No need to wait for quarterly earnings IMO.


Disclosure: I am long @ 2.67 and will buy more on Monday at 3pm if the price is still below $3.00.