Canopy Growth Corp (WEED)

[hammerod]

Well it's hard to say. But for one thing, I'm with some of the others who are thinking close to a million for Q3, As it looked like to me that the product turned over a couple times on their shopping site. They started the Q with almost a million in inventory. They also added customers in that Quarter.

I also think that a PE of 12 is very conservative in a "budding" new industry that will grow 50% YOY.

So i would have to think that the $3.50 price target is short term. Becuase a year from now, they should be way, way, way over those numbers that JPM Securities laid out today in that report. Plus with the court case being over and out of the way and the Federal election brewing. I personally, think we should be over 3.50 now!

If they do over a million in revs for Q3 and they give a little guidance about their customer numbers and production numbers at the end of this month when the Quartly report is filed, I would not want to be short! If that bozo who was all giiddy about not covering his 450k short, holds throug the Q report, things could get exciting for a nice little rally. I'm happy I'm long. Can't wait to here the good news about the harvest that they are working on now~

Lot's of good news coming between now and the end of the year. JPM put a floor on the price IMO>