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Earlier this year, I took the big step of calling Canopy Growth Corp. (NYSE: CGC) the "Microsoft of Cannabis."
I wasn't just trying to make waves – there's a good reason I said that. Canopy is making the moves it needs to make to be one of the most (if not the most) successful cannabis companies in the world.
These folks are not shy about their global ambitions.
And it turns out I'm not the only one who thinks so.
See, Canopy's price has been depressed since the summer – it's been happening with the whole cannabis sector, as we've seen.
But one trader – who I happen to think is onto something big – believes the stock turnaround could come in the next two weeks.
And this trader has put $35,524 of their hard-earned capital on the line to back up that belief.
Personally, I think it's a really smart move. And I believe it can tell us a lot about Canopy's immediate future, the future of the marijuana sector, and – best of all – how we can make some money there.
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.