Canopy Growth Corp (WEED)

[Bearly4theworm]

An acquisition like this marks a low point in the market. Canopy obviously had this in the works for a while. And chose to pull the trigger now. With the canna stocks down from their March highs.

This could point to an upturn in the market from here. No one likes to pay a premium. And this purchase* is aptly timed.

*I'm not really on board with this. That's a lot of money to lay out for a smaller brand. I would have been more impressed if they knocked off their branding with a similar brand and competed successfully on price. But oh well.... welcome to the Fam Supreme.