Trade: Canopy Growth Company (CGC)
On January 9, I pulled the trigger and purchased another one-sixth of a full position in Canopy Growth Company at a price of $32.80. This wasn't at a lower price or below $30 as my last purchase, which was a bit disappointing, but the stock had started to build a trend that it wasn't going to sell off again, so I bought in - despite the stock being up over 5% at the time. This also followed what was interpreted as a disappointing fourth quarter earnings result from Constellation Brands, who has provided a significant investment into Canopy. It was clear that commentary around the cannabis investment were strong and that more positive results were expected as we hear more from the industry. Since the announcement and the purchase, the stock has continued to climb unabated, closing the week at a price of $38.25 - a 16% increase from my purchase price. I don not expect this climb to continue like this, given the stock has risen over 30% on the week a...