Options Traders Bet Canopy Growth Flies High In Months To Come
On Wednesday, Canopy Growth Corporation (NASDAQ: CGC) lost a key support level at $21.72 and on Thursday the stock continued to fall.
Analyzing Canopy Growth’s Unusual Options Activity
Canopy Gwth (NASDAQ:CGC) shares experienced unusual options activity on Thursday. The stock price moved down to $20.18 following the option alert.
Bearish Sentiment On The Marijuana Market: Cannabis Movers For July 14, 2021
GAINERS:
CURE Pharmaceutical Hldg (OTC: CURR) shares closed up 10.91% at $0.61
Cannabis Movers & Shakers: Nevada CCB, Digipath, Agricor And Botanacor Laboratories, Curaleaf, Hervé, HERBL
Governor Steve Sisolak Reapoins Three Members To Nevada's CCB
Governor Steve Sisolak recently reappointed the initial three members of the Nevada Cannabis Compliance Board, including Jerrie Merritt, Dennis Neilander and Justice Michael Douglas. They will each serve a term of four years.
Tilray, Aurora, Sundial, Hexo Q2 Market And Sales Trends, Cantor Fitzgerald Projects Stronger Q3
As COVID-19 safety measures begin to slowly lift and more people are getting vaccinated, many industries are beginning to blossom. For the cannabis industry, in particular, this could mean an improved third quarter (compared to the second quarter) as restrictions began to ease in June, according to Cantor Fitzgerald’s Pablo Zuanic.
UPDATE: Financial Times News A Reiteration Of News Reported Earlier In Week
https://www.ft.com/content/57a86835-cfd6-42a1-abfa-2a1a545ed96f
Watching Cannabis Stocks As Financial Times Reports ‘White House to push for rethink on cannabis use in sport’
https://www.ft.com/content/57a86835-cfd6-42a1-abfa-2a1a545ed96f
‘First Full-Service Marijuana Delivery App Launches On Apple Store Following Policy Change’ -Marijuana Moment
https://www.marijuanamoment.net/first-full-service-marijuana-delivery-app-launches-on-apple-store-following-policy-change/
Oracle And CarMax Lead The SPY Higher Wednesday
U.S. indices were trading higher Wednesday after the 10-year treasury yield fell to its lowest level since February at 1.3%.
Tilray, Canopy Growth Options Traders Place Their Bets
Cannabis stocks tend to hibernate during the summer and giants Canopy Growth Corporation (NASDAQ: CGC) and Tilray, Inc. (NASDAQ: TLRY) have lulled into a sleepy sideways action.