I don’t imagine it’s a stretch within the slightest to say that when the Associated Press declared Joe Biden the winner of the 2020 presidential race, greater than a few folks lit up doobies to rejoice. Did they inhale? In phrases of Canopy Growth Corp. (NYSE:CGC) and people holding CGC inventory, they probably exhaled.

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You see, in a market fueled by unprecedented progress — hothouse progress, in case you like — this Canadian firm has simply begun to see daylight after a tough run in 2019 and far of 2020. The upward motion began on Oct. 2 and aided by the tailwind of a Biden election victory, CGC inventory has shot up by greater than two-thirds, buying and selling now at $24.77.

What stays to be seen, nonetheless, is whether or not Canopy has as soon as and for all shed the troubles which have dogged it. Co-founder and co-CEO Bruce Linton was compelled out in July 2019 within the wake of losses and light-weight income. Canada’s hashish market (which I wish to name the “Cannadabis”) additionally proved…

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