Stockideas

Canopy Growth Corporation
(NASDAQ:CGC)
Canopy Growth Corporation

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis for recreational and medical purposes primarily in Canada, the United States, Germany, and the United Kingdom. It operates through two segments, Cannabis, Hemp and Other Consumer Products; and Canopy Rivers. The company's products include dried cannabis flowers, oils and concentrates, and softgel capsules. It offers its product...
Founded: 2013
Full Time Employees: 3,259
CEO: David Klein  (Jan 2020~)
CFO: Judy Hong 
Sector: Healthcare
Industry: Drug Manufacturers-Specialty & Generic
Next Earnings Date: 2023-02-09
Stock price: $4.285 (+9.04%)
Things that I do in since late December 2019
By: ssmlee04 Community Lead :))   💬 98   
   on Feb 06, 2020

December 2019 and January 2020 has been good to me. I was able to snatch a fast 20% in Canopy, 20% in Occidental Petroleum and around 30% in Datadog. I am usually not this lucky so I am convinced that we must be in a bull market.

I try to stay away from the market and do not trade as much as possible because what I learn in the past is the more I trade the more likely I will make a mistake. Also, I'd be paying for more commissions. This is also true for me in my Canopy trade.

I was in Canopy around $14.8 and left around $18. I think the future of cannabis industry is good and people wouldn't mind spending a bit of money on weed as they do for alcohol and tobacco. That's what my colleagues do every Friday. But since there's no evidence that the government would help them achieve economy of scale and compete with US cannabis companies I am a bit worried that they would be burning their money just like Aurora did. So even if they have 2b cash at hand I still don't feel comfortable holding this long term. Also, they have an inter-rim CEO for so long and there's no guarantee they would find a good CEO and continue running this business. So I decided maybe I'll take a 20% profit and go. And then the next Monday Canopy just announced they would have a new CEO and replace the interim CEO. But I was already out of Canopy and hasn't got in since. We will see if it ever drops to $18 again and maybe I'll buy a little bit. $CGC

Occidental Petroleum $OXY is a stock recommendation from a friend. Buffett backed their acquisition for 10b earlier 2019. In my opinion if your average price is lower than or equal to Buffett's average price you should be OK. Got in around $38 and luckily sold around $47. I didn't want to sell it because I have no reason to believe it would drop. But I ended up switching them to Shake shack $SHAK which is a good burger company in the states. I didn't profit on Shak shake but ended up avoiding the 20% drop in OXY in the next while.

I am also in Datadog for a while. The trading in this ticker has also been choppy. DD is a service that I had to use to monitor my software infrastructure. It's easy to use service to draw some time-series data for you to virtualize how your infrastructure does. I was in this since near IPO and buy and took stop loss a few times but the last time I got in is around $35. Earnings would arrive in a few days and let's see how this would play out. $DDOG

I also go in twice on $APT because I am convinced the coronavirus is going to be bad. This was at a point look like a spanish-flu like event so I was convinced and bought a bit of this mask making company. I tried to buy ficial masks on Amazon but they're all sold out so I decided maybe buying a mask company isn't the worst idea. I ended up around break even. Now it all looks like a hype only.

January has been interesting so far, let's see how it goes in February. Currently, I am looking at bill.com. I find their service interesting and possibly sticky. It also did great since the IPO. Does anyone know what do they do?


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Weed
By: istanbul Traveler   💬 7   
   on Jan 16, 2020

Weed stocks are up 50% or more from the bottom two months ago. A few of them actually had some interesting stories. Canopy has one of the better financials. Apharia does drug delivery to your house. It’s a new industry and I’d imagine you wouldn’t see the lows again in the next couple of months. Remember a while ago bitcoin also dropped to 3000 and rallied to 12000 in a very short period of time. The stories here seem similar to me.

$cgc $cron $ogi $apha


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CGC bottom reversal setup
By: stockbreakoutplays lazy guy    
   on Dec 12, 2019

$CGC is forming a bottom reversal pattern. A breakout over 21.50 should see some buying pressure.

https://twitter.com/Blaine_Tarr/status/1205191619084816385


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Canopy Growth's CEO On The Cannabis Company's Stock Price, Growth Potential, Global Footprint
By: raspberry lazy guy   💬 31   
   on Nov 21, 2019

https://m.benzinga.com/article/14834809

We have $2.5 billion in the bank. We have 450 patents or patent applications. Our Canadian infrastructure build is largely done. Our M&A work is largely done. We have new Cannabis 2.0 products are coming out next month [and] CBD to be launched in the U.S.

$CGC


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House passes bill aiming to lift federal ban on weed
By: raspberry lazy guy   💬 31   
   on Nov 20, 2019

https://www.marketwatch.com/story/cannabis-companies-rally-for-a-second-day-ahead-of-historic-vote-that-would-lift-federal-ban-on-weed-2019-11-20

probably why weed rallies again today. $CGC $APHA $CRON $ACB $TLRY


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CGC
By: tachyon Very lazy guy   💬 23   
   on Nov 19, 2019

Potential d1 bottom reversal. Some might call it catching a falling knife me myself call it regular.


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