AptitudeFinancialAdvisory

CGC - January 10, 2021

Pembelian
NASDAQ:CGC   Canopy Growth Corporation
CGC - Canopy Growth Corp is the largest and leading cannabis producer in the space. Although they are not profitable nor expected to return a profit until 2024, the outlook for Cannabis companies are strong over the next 4 years as a Democratic house strongly supports the federal legalization of Cannabis. This catalyst will be huge for the marijuana industry and CGC is a leader who stands to benefit. It should be noted that significant risks with this investment include the dependency on legalization, elimination of black markets, as well as significant capital requirements for facility operations and maintenance. Looking for CGC to retest the 32.32 resistance and continue higher following this uptrend to 37.

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