Canopy Growth Corp (WEED)

[MrRhino]

SMITHS FALLS, ON, Aug. 4, 2017 /CNW/ - In response to multiple media reports regarding US market participation and security regulations, and as stated in a press release dated June 19th, 2017, Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or the "Company") wishes to reiterate its commitment to only conducting its business in jurisdictions where it is federally legal to do so.

Canopy Growth believes that conducting activities which are federally illegal, or investing in companies which do, puts the company at risk of prosecution, puts at risk its ability to operate freely, and potentially could jeopardize its listing on major exchanges now and in the future, limiting access to capital from reputable US-based funds.

"Canopy Growth investors can feel confident that they are not being exposed to undue risks," said Bruce Linton, Chairman & CEO. "We have a responsibility to our shareholders to only operate in a manner where clear federal and fully legal frameworks exist for that conduct."

Exiting prohibition is an exercise in building credibility for a new sector. Numerous international markets exist, as seen by Canopy Growth's sector-leading expansion efforts in Australia, Germany, Brazil, and Chile.

All my stocks were purchased through Scottrade in Virginia (Against my brokers and friend's advice) All are Canadian companies that I invested in. Although I have not profited on ANY of them due to my "buy at the mania phase and watch them fall every day" which is a Joke around these parts, I don't think that my money went anywhere but the four or five companies in this sector. APHQF, TWMJF, PRMCF, ACBFF, Etc. note the F at the end of each dictates foreign stock. This has been a hard learning curve for me. But I am long hold on all these companies due to the "if I sell then I realize the loss on every share". But the long hold for me is also I believe these companies will grow and stock price will someday be above my purchase price. Dollar and a dream.
MrRhino