Canopy Growth Corporation
已更新

CGC retest of downtrend

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Wonderful retest at panic selling yesterday. Found demand exactly at the diagonal.

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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