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Canopy Growth Corp. (WEED-T) opinion on 2017-01-24

Last Price Recorded: 17.2600 on 2017-11-16

ON STOCKCHASE SINCE Apr 2014

agriculture
COMMENT

Jason Del Vicario
Canopy Growth Corp. was $9.300 at time of opinion
Owned : No

It is very difficult to make a fundamental argument for this marijuana company. It looks like the Canadian government is going to legalize marijuana, making good on their election promise. However, from an investment standpoint, he has a tough time valuing the market size. Technically, he would like to see the company do a nice big U and get back up towards $18, consolidate, and then move on towards new highs. To initiate a position, these levels are relatively good, but speculative and shouldn’t be a massive percentage of one’s portfolio.

CAUTIOUSLY OPTIMISTIC

All opinions for WEED-T (59)

3 BUY
28 COMMENT
10 DON'T BUY
2 HOLD
1 PARTIAL BUY
1 PARTIAL SELL
3 SELL
3 SPECULATIVE BUY
1 TOP PICK
4 WAIT
2 WATCH
1 WEAK BUY
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All opinions for WEED-T (59)

3 BUY
28 COMMENT
10 DON'T BUY
2 HOLD
1 PARTIAL BUY
1 PARTIAL SELL
3 SELL
3 SPECULATIVE BUY
1 TOP PICK
4 WAIT
2 WATCH
1 WEAK BUY
View All

More experts covering WEED-T

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Add WEED-T to Watch List
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1 Comment

idaustin

February 8th 2017 at 12:59pm

At $18 "technically" this stock will have a $2B market cap. This is a very intelligent use of speculative capital.


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