Canopy Growth Corp (WEED)

[Phattwoohie]

Good news for long term investors is that now with the stock price dropping, the new lower price will look very good to institutional investors. Also to large investors looking to get more for their money which is why I'm holding strong and even adding to my position. I've always looked at this as a long term play and decided when I first bought this stock that I was gonna hold for at least 5 years. The market is really just in its infancy and we have not even scratched the surface yet.

Everyone is focused on the retail stores and how well they are going to do but with Canopy, the real key to their success is the growing capacity they have been building. With over 2.7 million square feet of production capacity they are setting themselves up to be able to supply the global market. As more and more countries become legal, the need for supply will increase. Canopy has already exported to research centers in the U.S. as well and if our government ever lifts their federal ban, the market here will explode and Canopy will be the company in place to supply that huge demand. That could be several years off and require a new President here to make it happen but that is again why Canopy is a long term play. Another country that is 3-5 years away from legalization is Australia and Canopy has made in-roads there as well.