Canopy Growth Corporation (NASDAQ:CGC)

Strategy Session May 22nd, 2020

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  • camaro69: $CGC,$TLRY,$MSOS getting some buying
  • vitoB: $CGC dumpin after hours purchase, still holding $TLRY
  • SamikRoy: @StockMarketMentor $CGC Has $CGC been taken off the ATL ?
  • vitoB: @bill52 $TLRY ...yea buddy... just picked up a starter in $CGC in after hours on some potential pin action
  • traderbren: #Reefer_Madness trade is getting lit! Seeing $CGC and $ACB getting a bid
  • DAN: @traderbren $CGC $ACB #Reefer_Madness This is a rando trade, but I'll put CGC on the ATI list.
  • StockMarketMentor: Adding Canopy Growth ($CGC) to the Active Trade Idea List. This is coming out of a low squeeze and moving above the 50-day moving average on volume. (I saw this trade in the Trading Room, posted by @TraderBren). [His idea, but my trade. He gets the credit, but I get the blame if it doesn't work.] Basis: 8.10 Stop: 7.29 (just below today's intraday low. --Dan
  • traderbren: @DAN $CGC $ACB #Reefer_Madness - yes, definitely a rando trade but seeing interest in near dates - Jul 26 calls at the 7.5 and 8 strikes which might be creating a squeeze here.
  • Henry: @StockMarketMentor $CGC A Harris stock? I'll spare the forum Cramer's remarks but it's not like you to recommend a stock that is already up 16%
  • joelsg1: @Henry $CGC Still have a small pos in $IIPR for the 6% yield and it's broken out.
  • Henry: @joelsg1 $CGC $IIPR I got burned so bad on the first crypto craze I just going to stick with my gummies
  • champ: @Henry $CGC....#OT... I was born in San Fransisco and we call her the-Laughing-Lady-from-SFO because she doesn't.... sometimes.... really know what to say, so she always laughing a lot, without any timing...or she says something really stupid...thats her MO tag out here.
  • Henry: @champ $CGC #OT Her brother in law is chief legal officer of UBER. Jim says she knows tech and California and will be good for business.
  • StockMarketMentor: Weak rebound today in the indexes, but some stocks are rocking! Fitz in Five: Given all the volatility in the market, maybe it's time to get high. Here's your trade on Canopy Growth ($CGC). https://us02web.zoom.us/rec/share/u9FcMlbV5x4YiKzkhQqOu6X6IFcK9Pwgm5cHdUSbfAJVKeaKyRI1r8jPIeOq8Zh-._hnTYcGYe5YBf7bu Training Session: We had a great training session today, with a lot of great stocks and solid trading tactics. If you missed it, here's the recording. https://us02web.zoom.us/rec/share/wOvUjyLt-3Mr1K-PJEABX1zG5mo7ktyl7Y4LPJupwQ6huXkwY4TFodjkTMibQwuQ.5jnpH7OWA0dQqNuX?startTime=1721660563000 Have a great day! --Dan
  • champ: @Henry $CGC.....#OT ....On VP Kamala Harris, this is a little info about her in California, .....her X-boyfriend was Willie Brown, he was a great dresser.... and he was in the Assembly in California, for thirty years and he was also the Speaker for the last 15 years, from 1981 to 1995...... plus he was also elected as Mayor of San Francisco from 1996 to 2004 and Willie Browns girl friend was Kamala Harris and he help her get elected as District Attorney of San Francisco in 2004...and she work in Oakland, as an Alameda County prosecutor, before she was elected as the SFO District Attorney....... ....and she was elected as Attorney General of California in 2010 and was re-elected in 2014.......however she never worked in the tech sector....... ....and I think that she is a nice lady and would be a lot of fun to talk to, at a party.
  • vitoB: $CGC and $TLRY percolating...still long the latter
  • bill52: $TLRY $CGC $MSOS pot stocks just lit up my screen. can't see any news at moment. anyone? maybe another legalization rumor?
  • Henry: @bill52 $TLRY $CGC $MSOS At the risk of alienating some, JD Vance supports legalization of MJ and he is Trump's pick for Vp
  • Henry: $TLRY $CGC $MSOS
  • DavidK: @Henry $TLRY $CGC $MSOS alienate some ? Thats the problem with the country . You should be able to mention anyone’s name without fear of being ostracized. Contrary to beliefs , markets do care about political issues and we should be free to discuss . Now , go roll that joint JD 😂
  • vitoB: lookin at names that held green or flat price int this last 15 min zig zag...$CGC $TLRY ...political talking points? ...$WOLF clear support at the 22 level, $MBLY 25.50 support level ...Scotts $BROS $AMZN....Kathy woods $PD...np in any except for $TLRY spec
  • traderbren: $CGC - looks like someone lit up a splif!
  • vitoB: @traderbren $CGC ...also $TLRY im still long this one
  • traderbren: @vitoB $CGC $TLRY FYI - The US Department of Justice is planning to issue a notice of proposed rulemaking Thursday that would reclassify marijuana to a less-restrictive category, Politico reported, citing two Biden administration officials familiar with the decision.
  • vitoB: @traderbren $CGC $TLRY ...both parties need to find votes and revenue somewhere...this is so flippin easy imo
  • lance1161: @vitoB $CGC $TLRY Doesn't matter to much will be wasted anyways currently. Bought $ACB couple weeks ago glad to see it up on todays pot news
  • vitoB: $CGC back down to that trendline...np here but still trading around $TLRY half position from before spike
  • mogo: Come on $CGC !
  • mogo: @josip1 I've been long $CGC since the latest bottom on 4/17. I'm glad that I didn't get shaken out.
  • DavidK: @mogo $CGC damn , that’s a white tawnado as Ali use to say . Congrats
  • champ: $CGC...great move, with also great close, however I would think that this move should run out of gas.
  • marklesparkle: @champ $CGC Pot stocks have mostly been a one day wonder IMHO
  • Nepenthe: @scottrades $IIPR $CGC Lordy, how did I sight of $CGC! Went from mid-two's to 11 in but a few weeks. Don't know why but the chart looks good even here. NP. Cheers.
  • Nepenthe: @Nepenthe $IIPR $CGC That's 'lose' sight.
  • bigbartabs: @Nepenthe $IIPR $CGC ... per your point... I guess "loose" would work too. :)
  • Nepenthe: @bigbartabs $IIPR $CGC Indeed!
  • jonwest88: $CGC all reefered out for now? (Stop 9.38)
  • MongosPawn: $CGC $TLRY Continuing to bounce off of the 8dma.
  • camaro69: $CGC,$TLRY,$ACB,$MNMD working in the mind altering sector
  • Onthemark: @camaro69 $CGC $TLRY $ACB $MNMD Started $MNMD on 3/15 low $9 range. Will wait for the pb and future bounce with this big move today.
  • camaro69: $TLRY,$CGC,TCNNF,$ACB Cannabis staying strong
  • jonwest88: @camaro69 $TLRY $CGC $ACB $MSOS bought yesterday a smidge to start
  • vitoB: @DavidK $TLRY ...nice...$CGC is really the vol winner in this bucket , didnt expect this to triple the performance again
  • DAN: @Onthemark $TLRY $USAP $CRH $GTLS $CCL Note: $CGC and $TLRY really moved on Friday. These might be ones to watch. Big move, on big volume. Probably SWD potential: “Swing Traders Delight.”
  • camaro69: $CGC moving
  • camaro69: $AKBA HOD resting $CGC also near HOD
  • traderbren: $CGC - looks like there will be more reasons to go to Germany apart from OktoberfFest! Maybe a Spliff Fest in the works. ;-) Aurora Cannabis (ACB) , Canopy Growth($CGC) and other cannabis stocks rose in recent Friday trading after Germany approved the partial legalization of cannabis for personal use, effective April 1. The new law allows adults to carry up to 25 grams of cannabis in public, as well as storing up to 50 grams and growing three cannabis plants at home. Consumption of cannabis will be banned in certain areas, including schools, and minors are still prohibited from carrying and consuming cannabis, Germany's Bundesrat said Friday. Shares of Aurora jumped nearly 22%, while Canopy Growth(CGC) surged over 38%. IGC Pharma (IGC) climbed 6.6%, Tilray Brands(TLRY) rose past 14% and Cronos Group(CRON) was up 7.7%.
  • bill52: $TLRY $MSOS $CGC pot stocks just took off like a scared cat. must be something in the rumor mill or news, but can't see anything at the moment.
  • bill52: $TLRY $CGC $MSOS pot stocks making a big jump all of a sudden. can't see any news so maybe something in the rumor mill.
  • woodman: Some pullbacks of interest in the weed stocks: $TLRY $MJ $CGC $ACB. Very volatile!
  • camaro69: @wijimmy $TLRY $ACB and $CGC also
  • camaro69: $CGC $CRON HOD
  • sgiseller: $TLRY $CRLBF $CGC What happend to weed stocks today $CGC -19%, $TLRY -17&, $CRLBF -13%
  • bigbartabs: @sgiseller @woodman $TLRY $CRLBF $CGC ... What happened to pot stocks? https://www.youtube.com/watch?v=WeYsTmIzjkw
  • lance1161: @bigbartabs $TLRY $CRLBF $CGC Puff, Puff, Pass
  • agiaccag: @bigbartabs $TLRY $CRLBF $CGC A True Classic.
  • woodman: @bigbartabs $TLRY $CRLBF $CGC - Wow, dusted off the collection for that one!
  • Justhanging48: $CGC pot stocks still going higher
  • DAN: @MongosPawn $TLRY Check $CGC too.
  • DavidM: @DAN $TLRY $CGC I picked up a little $MSOS last week
  • Justhanging48: $CGC Thanks go out to bill52 for pointing out pot stocks yesterday. Got some $CGC and looking good.
  • scottrades: @Justhanging48 $CGC Also seeing $MSOS at HOD
  • bill52: @Justhanging48 $CGC your welcome. $TLRY also working about the same. @scottrades thanks for pointing out $MSOS as that has been low drama move in this space. nice look to the chart.
  • Nepenthe: @scottrades $CGC $MSOS $TLRY Also $TLRY. Bought once it breached the 8ema; now above the 200ma on volume. Might that be a weird cup and handle? Probably if the moving averages were in proper alignment? Wish I hadn't sold most once it neared resistance yesterday. Oh well, one takes what one can. Small profitable position, based on your system of buying around the "moving averages." Cheers.
  • bill52: $TLRY $CGC good day for some pot stocks. managing to stay north of the 50-Day. looking a bit more productive. small position in TLRY $IIPR continues to trend very nicely. no drama. wish I did, but NP
  • scottrades: Some #Earnings to he aware of this week: $PLTR $DIS $OXY $NCLH $BNTX $TTD $RBLX $AMC $UPST $NIO $PLUG $FANG $LCID $AMR $NVAX $RIVN $VTRS $KOS $BRK.B (Sat) $CRON $LYFT $MOS $CGC $AFRM $APRN $ATVI $AXSM $SEDG $TTWO $CLOV $AMG $WKHS $APPS $NRG $MARA $PRTY $VTNR $DINO $BLDR
  • veghead: $CGC $TLRY near HOD
  • nathan09: $POTX $CGC $TLRY Weed get n a hit
  • veghead: $CGC HOD
  • scottrades: ...
    $CGC Volume
  • Explorer: $TLRY $ACB $CGC -- Pot stocks are getting high.......
  • scottrades: @bRobert what do you think about $MJ or $CGC $TLRY for a bottom fish?
  • stairm01: @woodman $CRON $UAVS $ACB $CGC $GWRG I'm sure that's $GRWG.
  • woodman: @stairm01 $CRON $UAVS $ACB $CGC $GWRG $GRWG - Yes, thanks for correcting!
  • woodman: @AdrenalineTrade $CRON $UAVS - Re CRON, a lot of pot stocks with similar look - flag pullback and bounce. See, for example, $ACB $CGC $GRWG
  • woodman: Some flag pullbacks among the #Pot stocks. Not sure they can be trusted but I did buy a wee bit of $ACB and $GRWG. See also $CRON $CGC as other examples.
  • AdrenalineTrade: $TLRY $CGC $ACB could moon tomorrow if we get a big squeeze, this looks to be a very strong close across the entire cannabis space.
  • scottrades: @AdrenalineTrade $TLRY $CGC $ACB Wild action on $MSOS
  • BocaRick: @scottrades $TLRY $CGC $ACB $MSOS #CNBC just said Legalize Pot bill coming up in the House tomorrow?
  • BocaRick: $MSOS $CGC pot stocks ???? CGC earnings stock up 6% and all the rest up too. $TLRY $MJ???
  • kbrowe: @AdrenalineTrade $CGC earnings.
  • AdrenalineTrade: $CGC getting high on it's own supply. Massive move on big volume.
  • Pokersmith: @traderbren $STZ I think they should divest/dump $CGC position. Weighing it down, imho.
  • Nepenthe: $CGC $TLRY FWIW, both above 50ma; CGC, today, TLRY a few days ago, when I bought at the 50ma. Spec. trade. 200ma looms overhead but a lot of space between it and the 50. Cheers.
  • e33067: @Nepenthe $CGC $TLRY Hit 100DMA and backed off
  • Nepenthe: @e33067 $CGC $TLRY It did and I sold some at that point. If it breaks above, I'll add it back. Volume exceeds average daily. This is a very volatile stock, and I play the ebb and flow. Once again it's testing the HOD. My cost basis is way below the 50ma now, so I can afford to be a bit more aggressive. But this is just me. Cheers.
  • scottrades: Some #earnings for the week: $SQ $PFE $ROKU $MRNA $PINS $ON $DKNG $UBER $COIN $APPS $QCOM $CRSR $PENN $SKLZ $PCG $CVS $TRVG $CRNT $ABNB $ATVI $MRO $MELI $DVN $FANG $BP $PTON $CGC $VIAC $AMG $FSLY $UAA $EPD $ET $NET $AKTS $ZG $GNRC $ALX $CNA $TMUS $SKC $RIG
  • Explorer: Get Higher -- All up over 2.5% TO 4.7% RHRN / All over 500K Volume -- $OGI $GRWG $TLRY $CGC $ACB
  • scottrades: @AdrenalineTrade $HEXO Honestly, I wouldn't man. I've been out of that space for a while. I think $MSOS has better future growth potential but it's still in a downtrend. I think eventually $CGC Buys $HEXO out.
  • scottto_2: #InsideBarList - My OCD kicked in hard on this one - Thanks Sir @Aragorn - $AAL $AAOI $AAPL $ABC $ABT $ABUS $ACAD $ADI $ADS $AEM $AES $AFL $AGCO $AGIO $AIG $AKAM $AKTX $ALE $ALGT $AMCX $AMN $AMP $AMT $AMZN $AN $ANET $ANGI $ANTM $AON $APA $APD $APRN $ ...
  • scottrades: @Firemedic $PLNHF Nice and tight for sure. Great work my man. My only concern would be just the overall sector being weak. If you look at $MSOS, $MJ and $YOLO they don't look amazing. Then if you look at $CGC, yuck. So as long as this holds above the MAs, I think you're good. I would be surprised to see this pop without the others moving, unless there's a fundamental change with Planet 13.
  • Banner: @scottrades $DDD sorry Scott haven't been able to post in the forum for a couple of days, but here are some candidates. Let me know what you think. $CGC, similar to $DDD in set up $STEM, a little farther ahead than $CGC $VUZI, not quiet there yet, but starting to work $CAN, still below 50 DMA, but this can move really fast once it starts running
  • champ: $CRON $CGC $TLRY...all around HOD.
  • Pokersmith: #cannabis Quite a few names in this space made significant moves on Friday with strong volume to boot. See $ACB, $CRON, $CGC to name a few, or look to play a basket of names : $POTX, $MJ
  • Babutters: @Pokersmith $ACB $CRON $CGC $POTX $MJ #cannabis $TLRY made the exact opposite move on bigly volume.
  • Henry: @Pokersmith $CGC Reported this am. Sales up but they still lose money. Not much happening with the stock price in pre market
  • Pokersmith: @Babutters $ACB $CRON $CGC $POTX $MJ $TLRY #cannabis That it did. Noteworthy. Doesn't change the fact that those other names made quite a move. Can't rule out it being end of month machinations. Still...something to keep an eye 👁 on, imho.
  • Pokersmith: @Henry $CGC Thx Hank, I'm more interested in the $STZ price reaction to CGC report. 🤔
  • Babutters: @Pokersmith $ACB $CRON $CGC $POTX $MJ $TLRY #cannabis 💯 just a stark difference between them was alarming. Not smart enough to know why, all I see are big red shoots. Enough for me to stay away.
  • Henry: @Pokersmith $CGC $STZ Long STZ I agree.
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Stock Price $2.83
Change 4.43%
Volume 8,904,000

Canopy Growth Corp through its subsidiaries is the licensed producer of medical marijuana in Canada. The company grows, produces and sells medical marijuana. It sells medical marijuana under various brand names including Tweed, Bedrocan, and Mettrum.

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