Canopy Growth Corp (WEED)

[Another Casualty]

My opinion is we are in for a ride the next couple of weeks. ACB press release is pretty devastating to ACB. Market is clearly effected by this. I dont know how many of you own ACB, I personally never bought as I didnt like the companies disregard for assets and finances. I never have.

My opinion for CGC moving forward. I'd expect to play these teens a bit and potential return to 20s US before quater release. Given ACB news is bad in terms of revenue and over all business I suspect CGC is likely to post losses as well. It makes sense anyway given we have only recently acquired top personnel and the market place is a tough one moving forward. Competition, politics, lots of product ect. I think this will likely leave us in the low 20s and or teens. As such I will be preparing my accounts to load. I'm going to hold what I currently have through this next phase. I am already averaged in teens.

In the unlikelyhood that CGC does post positive results I'd expect we will be heading to 30s. Either way I'm am positioning to weather the storm and load additional assets while still having the opportunity to profit. Goodluck all.