What This $35,524 Canopy Growth Trade Could Mean for the Markets

You are receiving this as part of your subscription to Cannabis Profits Daily. To remove your email from this list, unsubscribe here.   Wednesday, October 30, 2019 This Trade Could Mean Big Things for Cannabis Stocks By NICI staff reports There is a reason why we call Canopy Growth Corp. (NYSE: CGC) the "Microsoft of Cannabis." It's going to be one of the most successful cannabis companies in the world, and Canopy isn't shy about its global ambitions. And even though the stock price has been slumping since the summer, one person still thinks something positive is just around the corner. Last week, a trader bought an unusually large quantity of Canopy "Call" options. A trader will place a Call when they believe the stock price will go up. In this particular case, with an expiration date of November 15, the bullish trader believes a positive price move could happen fairly quickly. They bought a total of 902 CGC call options - representing $35,524 of their hard-earned money. Now, we've seen a lot of positive headlines recently from Canopy. The company bought a 71% stake in BioSteel Sports Nutrition, representing a play at the NFL... began expanding into the United Kingdom... and acquired a cannabinoid research company that will give it a bigger footprint in Europe. While all of these things add up to a positive outlook for Canopy, we do not believe that these big headlines are the reason that this trader decided to purchase such a large quantity of options over just buying shares of the company directly. But we do have a pretty solid theory on why they would - and why you should consider it, too... Hexo's Big Plan to Battle the Black Market One of the biggest barriers to the growth of legalized cannabis is the persistence of the illegal market. One company is trying to combat these sales, however... 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