Canopy Growth CorporationUpdated CGC retest of downtrend
Wonderful retest at panic selling yesterday. Found demand exactly at the diagonal.
That said, who remembers my bearish stance onCGC, just 6 months ago, I predicted that we should wait for CGC to dilute their float to raise cash. Yesterday announced issues of common shares to raise 2B.
How will investors react? Their market cap is ridiculous, don't think they are raising cash to buy assets. They need this money to survive.
That said, who remembers my bearish stance on
CGC, just 6 months ago, I predicted that we should wait for CGC to dilute their float to raise cash. Yesterday announced issues of common shares to raise 2B.How will investors react? Their market cap is ridiculous, don't think they are raising cash to buy assets. They need this money to survive.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.