Canopy is one of the most well established Cannabis companies out there. They mainly focus on the distribution of medical cannabis. They have different products in their portfolio, from CBD concentrated pills to CBD oils.
The last couple of days its stocks have been in a bearish trend, but it seems now that they have reached the MA 100 with a bullish candle. If my prediction is correct, its stocks might keep increasing in price.
PD: Keep always in mind that Cannabis stocks are very volatile due to the current fragility of the industry. A lot of variables will still be present, coming regulations, market and consumer experiences. Also, controversy with its legalization will create ups and down because there is still some stigma in different societies; as to research that could suggest that its legalization might not be as positive if not structured accordingly.
The last couple of days its stocks have been in a bearish trend, but it seems now that they have reached the MA 100 with a bullish candle. If my prediction is correct, its stocks might keep increasing in price.
PD: Keep always in mind that Cannabis stocks are very volatile due to the current fragility of the industry. A lot of variables will still be present, coming regulations, market and consumer experiences. Also, controversy with its legalization will create ups and down because there is still some stigma in different societies; as to research that could suggest that its legalization might not be as positive if not structured accordingly.