Canopy Growth Shares Plunge Amidst Major Policy Shift

Thursday’s trading session delivered a volatile and contradictory performance for Canopy Growth Corporation’s stock, leaving investors grappling with a sharp sell-off that defied significant positive catalysts. Despite a landmark executive order from former U.S. President Donald Trump supporting cannabis reclassification and concurrent positive company developments, the equity closed deeply in negative territory. Market participants appeared to engage in a classic “sell the news” event, capitalizing on the long-awaited political confirmation to secure profits.

The day commenced with considerable optimism. Canopy Growth’s share price surged more than 18% at one point, a move so extreme it triggered a temporary trading halt by Canadian regulators. However, sentiment reversed dramatically in Read more...