Canopy Growth Corp (WEED)

[Darius Demian]

Because it can't be. I ask similar questions periodically. Most recently SEP 9th with no legit response ;)

Re: farviewhill Post# 41504
I'm very optimistic on the prospects of CGC and of the industry as a whole. I think Canopy is well positioned both medically and recreationally. CGC is currently valued at over $450 million and if this was a mature market it would clearly be overvalued but the reality is that the market (both medically and recreationally) hasen't even started to grow yet domestically let alone internationally. The upside potential is imo almost unfathomable. CGC isn't only in the business of selling cannabis; they are also a diversified company that is partly pharmacy, consultant, branding, retail, and R&D.

In regards to my long term view...I sincerely believe this is a once in a lifetime opportunity and I would be disappointed if my $ didn't grow by 10X in the next 10 years MINIMUM although theoretically I think if the rest of the world wakes up to this opportunity the pps could get there in 3 years. When recreational legalization and international opportunities are factored into P/E 100X growth from here is not out of the question. I realize that is very optimistic but it is no joke. The rest of the world is following Canada's example and CGC has first mover advantage.

In regards to short term resistance... Again I'm an optimist but I really can't see anything bringing this stock down significantly with the exception of the government backtracking on their legalization pledge (which obviously isn't going to happen).

If any glass-half-empty people want to pipe in please feel free.