NASDAQ:CGC (Canopy Growth Corp) CGC is lowkey trying to cook something based on the recent price action this past 6 weeks. Net positive volume / accumulation has almost doubled this past few days, from 35M to 61m and continuing to rise. Last QTR earnings (August 9, 2023) has aided the significant price recovery - propelling earnings to green territory to 60.3%...
If you find this information inspiring/helpful, please consider a boost and follow! Looks like wave 3 price action. The news is early so we shall see if the PA holds up. looking for the sharp move up to give a bit of a pull back. I would look to play the wave 4 of the wave 3 at this point, it depends, but that is my conservative variety. I can use the smaller...
The Biden administration has taken steps to reclassify marijuana use as a less serious crime. This potential policy change, if finalized, stands to be the most substantial adjustment in federal marijuana regulations in over four decades. The U.S. Department of Justice, overseeing the Drug Enforcement Administration (DEA), has recommended reclassifying cannabis...
CGC fell in a standard Fibonacci retracement of 3 week trend up from Mid-March. News of an application to issue a new class of shares may as well be considered a dilution of current shareholders. CGC is 5 days away from National MJ Day of the 20th. I expect a further pullback into the 0.618 level given the fundamental news but CGC could rally on trader...
NFA, DYOR 7/8/23 Showed up on my TV Filter this morning; appears to be at the 1.272 or 2.618 Fib Extension (depending upon your perspective) with indicators showing a probable reversal. Timeframe: MONTHLY Candles Patterns: Cyphers (Completed & Expected) as marked Channels: See shading Expected Path: See green line from 2024-2028 Enjoy every sandwich along the way!
The idea is on the 15 minute chart here- See also ideas for OBI, ACB, TLRY, and CGC Germany also is pushing full legalization. A new day is dawning? Several states are working on releasing minor offenders ( clemency and pardoning). YCBD is risky but the potential rewards are great. As for me, a fair position with a stop loss of 10% targets of 50%, 100% and...
Germany's Federal Council has given the green light to a bill legalizing recreational cannabis for personal use, marking a significant shift in drug policy within the European nation. Despite facing criticism and opposition, the legislation, passed by the Bundestag earlier, paves the way for individuals to possess and cultivate cannabis starting April 1, albeit...
In a groundbreaking development for the global cannabis industry, Germany's decision to legalize cannabis marks a significant turning point, paving the way for increased access and growth opportunities. Canopy Growth Corporation (Nasdaq: NASDAQ:CGC ), a leading player in the cannabis sector, stands poised to capitalize on this historic moment, positioning itself...
Canopy Growth Corporation: Navigating Market Challenges and Strategic Goals Canopy Growth Corporation, a prominent player in the cannabis industry, has been a focal point for investors seeking exposure to the rapidly expanding market for legal marijuana products. As one of the largest cannabis producers globally, Canopy Growth has garnered attention for its...
cannabis stocks in 2024 have been showing remarkable potential and resilience, reflecting a burgeoning industry with promising prospects. The landscape continues to evolve, presenting exciting opportunities for growth and innovation. With increasing legalization, expanding markets, and advancing technology, the future looks incredibly bright for those investing in...
Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and...
Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and...
The president of USA has issued a pardon for marijuana use nationwide. This is bullish and can start a new trend into 2024. Weekly breakout since bearish downtrend 2 years ago. Comments below
Canopy Growth Corporation (NASDAQ:CGC) announced on Wednesday that its board of directors has approved the consolidation of its issued and outstanding common shares based on one post-consolidation common share for every ten pre-consolidation common shares. The consolidation, which was previously approved by shareholders at their annual general and special...
Analyzing the options chain and the chart patterns of CGC Canopy Growth Corporation prior to the earnings report this week, I would consider purchasing the 1.50usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $0.06. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Does gann box work? if stock behave naturally yes, it will see one of the circles good company indeed.
Marijuana stocks have been ripping lately. There's a correlation between MSOS and Cannabix Technologies. Will the next boom happen with the marijuana breathalyzer stock?
5% Dividend Yield, with 100% upside Share Potential The world’s largest provider of hair testing for drugs of abuse announced financial results for the first quarter ended March 31, 2023 And the declaration of a cash dividend of $0.07 per share to be paid on June 8, 2023, to shareholders of record as of May 25, 2023 The Company’s revenue for the quarter ended...