Canopy Growth Corporation (NYSE: CGC) Jumps By 25% Within Six Trading Days

Since May 15 CGC has grown from $14.482 to $19.42 with a bit of volatility. Especially, the last two days brought the good news that revealed a $2.49 positive change. CGC could be a perfect tool for a short-term strategy to accumulate one’s capital. For more than six weeks waiting could be risky as sudden fall may occur like it was 2018 and 2019.

Its revenue has risen significantly in the 2019 fiscal year report but selling and administrative expenses exceed by almost six times making the dividends impossible to exist. However, cash burn strategy still works and the tripling or quadrupling revenue may come on the way because its products are in high demand for medical purposes.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life