/biz/ - Business & Finance

>>11998802

I'm bullish on Canopy. Chart looks nice for continuation upwards along the long term trend. It broke above and kept the body of today's candle above the descending trend.

>>11951789
>Will CGC be the Amazon of weed bros?

Not for a while. It depends on how federal legalization plays out. Seems to be slippery slope in that direction going, and you'll almost certainly see candidates running with fed legal on their platform for the next election. The thing to look out for is solid progress towards fed legal followed by Constellation Brands exercising warrants and taking majority control of Canopy. That's when things get fun.

Canopy is hanging around lower trend line at the moment. Not a bad time to buy if you want to go long right now, however, I think it will drop down to around $41(CAN) again to test the trend a final time before breaking out of the descending triangle.