Canopy Growth Corporation (CGC)

Sep 13th, 2016 4:26 pm

#1

Woodbridge905 [OP]: Deal Addict; Sep 5, 2010; 2338 posts; 367 upvotes; Toronto

Sep 13th, 2016 4:26 pm

My friend just told me about this company, the only marijuana related company listed on the TSX?

Canopy Growth Corporation (CGC)

Up 14% just today! Wish I had known about this just yesterday, never mind last week or last month.....

Thoughts?

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Sep 13th, 2016 4:46 pm

#2

rfoubert: Jr. Member; Mar 25, 2016; 110 posts; 34 upvotes

Sep 13th, 2016 4:46 pm

Not sure where you got your info, but as far as I can see, it's flat for the day.

Sep 13th, 2016 6:27 pm

#3

recordman: Deal Addict; Jan 19, 2005; 4548 posts; 1473 upvotes; Vancity

Sep 13th, 2016 6:27 pm

OP must have had one puff too many. Anyway, CGC being flat is considered good for days like today.

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Sep 13th, 2016 8:41 pm

#4

polish_crazyman: Newbie; Dec 30, 2007; 76 posts; 8 upvotes; Toronto

Sep 13th, 2016 8:41 pm

cgc.v was up 14% but cgc.to didn't move. What's the difference anyways?

Sep 14th, 2016 12:31 am

#5

boyohboy: Deal Fanatic; Dec 6, 2006; 5330 posts; 1592 upvotes; Toronto

Sep 14th, 2016 12:31 am

polish_crazyman wrote: ↑ cgc.v was up 14% but cgc.to didn't move. What's the difference anyways?

Look at the date and which stock market for that +14%...

+1

Sep 14th, 2016 11:35 am

#6

testdnakr: Member; Jun 27, 2012; 225 posts; 112 upvotes

Sep 14th, 2016 11:35 am

"Drug Addict" would be a better title for OP

Sep 14th, 2016 11:46 am

#7

llpresident: Deal Addict; Dec 3, 2014; 2348 posts; 1824 upvotes; Ontario

Sep 14th, 2016 11:46 am

testdnakr wrote: ↑ "Drug Addict" would be a better title for OP

Good one...

Sep 14th, 2016 2:54 pm

#8

atang810: Sr. Member; Apr 9, 2012; 581 posts; 169 upvotes; Markham

Sep 14th, 2016 2:54 pm

"My friend just told me about this company, the only marijuana related company listed on the TSX?"

This isn't the only marijuana related company listed on the TSX. There are many, just have a look.

Sep 14th, 2016 3:12 pm

#9

secol: Member; Jan 8, 2009; 459 posts; 75 upvotes

Sep 14th, 2016 3:12 pm

it's the only one on the TSX. the other ones or on the venture market or the smaller exchanges

Sep 14th, 2016 3:29 pm

#10

atang810: Sr. Member; Apr 9, 2012; 581 posts; 169 upvotes; Markham

Sep 14th, 2016 3:29 pm

secol wrote: ↑ it's the only one on the TSX. the other ones or on the venture market or the smaller exchanges

TSX includes TSX Venture

Sep 14th, 2016 3:37 pm

#11

secol: Member; Jan 8, 2009; 459 posts; 75 upvotes

Sep 14th, 2016 3:37 pm

aren'tTSX and TSX-V are different exchanges? anyways it's all semantics. more than one listed on exchanges in Canada, only one that is on the TSX, it was also the first one that listed on the TSX-V

Sep 14th, 2016 3:39 pm

#12

atang810: Sr. Member; Apr 9, 2012; 581 posts; 169 upvotes; Markham

Sep 14th, 2016 3:39 pm

secol wrote: ↑ aren'tTSX and TSX-V are different exchanges? anyways it's all semantics. more than one listed on exchanges in Canada, only one that is on the TSX, it was also the first one that listed on the TSX-V

yea, just all semantics.

overall thought is, it's very tough for this company to make long term profits. If legalization does occur, the big agricultural company will jump in and virtually wipe out this company's small profit.

Sep 14th, 2016 3:47 pm

#13

secol: Member; Jan 8, 2009; 459 posts; 75 upvotes

Sep 14th, 2016 3:47 pm

i think it would be too late by then since it takes time to set up the facilities and grow the crops. the bigger name players who get the licences would be able to gain a large chunk of the market by the time somebody new stepped in

Sep 14th, 2016 3:54 pm

#14

atang810: Sr. Member; Apr 9, 2012; 581 posts; 169 upvotes; Markham

Sep 14th, 2016 3:54 pm

secol wrote: ↑ i think it would be too late by then since it takes time to set up the facilities and grow the crops. the bigger name players who get the licences would be able to gain a large chunk of the market by the time somebody new stepped in

Usually the way it works is, those big companies have eyes and ears knowing when the outcome will happen. They have connection to the political arena and often gets information quicker than anyone else. Once they know it's coming, they will have already set everything up. the way these smaller guys would gain is through acquisitions, if the bigger companies don't want to go through the hassle of building it inhouse, they will just buy it and pay a premium.