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Bullish Case: Progress in marijuana banking reform and U.S. federal legalization could decrease operational costs and spur market growth for Canopy Growth.


Bearish Case: Sustained financial distress, potential insolvency, and diluted shareholder value amidst a volatile and uncertain regulatory environment make a bearish case.


Potential Outcomes: 70% chance: Continued financial struggle affecting stock price. 20% chance: U.S. reform uplifts the stock. 10% chance: Strategic initiatives lead to recovery.


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April 12, 2024


Canopy Growth Forecast

CGC        Canopy Growth
Price Forecast: BULLISH    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with CGC



QID Forecast + Options Trading Strategies   [QID]  ProShares UltraShort QQQ (0.59)


PSQ Forecast + Options Trading Strategies   [PSQ]  ProShares Short QQQ (0.59)


MAG Forecast + Options Trading Strategies   [MAG]  MAG Silver (0.57)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (0.54)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (0.53)



Uncorrelated Stock Forecasts

Assets with little price relationship to CGC



LXRX Forecast + Options Trading Strategies   [LXRX]  Lexicon Pharmaceuticals (-0.0)


HYLN Forecast + Options Trading Strategies   [HYLN]  Hyliion (0.0)


OMC Forecast + Options Trading Strategies   [OMC]  Omnicom Group (0.0)


REXR Forecast + Options Trading Strategies   [REXR]  Rexford Industrial Realty (0.0)


PCG Forecast + Options Trading Strategies   [PCG]  PG&E (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CGC



GL Forecast + Options Trading Strategies   [GL]  Globe Life (-0.63)


KSS Forecast + Options Trading Strategies   [KSS]  Kohl's (-0.63)


CVLG Forecast + Options Trading Strategies   [CVLG]  Covenant Logistics (-0.63)


SUM Forecast + Options Trading Strategies   [SUM]  Summit Materials (-0.65)


THO Forecast + Options Trading Strategies   [THO]  Thor Industries (-0.65)





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