Canopy Growth Corp (WEED)

[33Sailor]

Think we're mostly sideways until next earnings.

Some unforeseen bad news could put serious downside pressure on price.

The lack of a German deal at least short term makes the price a bit more fragile imo.

An important shift is the "mote" that's being utilized by US companies by maintaining cannabis as federally illegal with no States Rights bill. Basically keeping Canadian Co's at arms length. Which Barron's had mentioned.

Wouldn't be surprised if mid 2020 the US had a major policy shift, but that allows time for several US companies to establish a very strong US market foothold. Think the US government will also work in tandem with the industry in a way that allows them to maximize US benefit which could include maintaining some kind of mote.

Long term progress may be a bit more of a struggle but the momentum of Canopy is overwhelmingly good.

Just some insomniac ramblings..

Best of luck Fah.