Canopy Growth Corp (WEED)

[PennyStockInvestor]

Tweed's valuation originally priced their stock at 0.89 per share, the TRUE value of the company. Presumably the people pricing the shares at 0.89 had the benefit of access to cost estimates, market analysis, business plans and pro-forma financial statements. Why would anyone without access to any of that information value the company at three or four times that? Ask yourself why Tweed went public. They didn't need access to financing. What they wanted was access to overly zealous investors who would pay three or four times the true value for shares based on pure speculation.