$CGC, Canopy Growth Company, lit the Cannabis industry ablaze today as the company anointed a new CEO. Not just any CEO, but the CFO from Constellation Brands, Mr. David Klein. You got to love it, and investors did, pushing the stock up 14% on the day. For those looking for the market leader in the cannabis industry, this is the one to look at. You get the cosign from Snoop Dogg, Seth Rogan, and a 40% ownership in Drake’s company, The More Life Growth Company.
In addition to the cannabis plays catching fire to start the week, here is your Momentum scan as we began another week: CLICK HERE FOR MONDAY’S MOMENTUM SCAN.
Tickers to watch this week include: ACB, CLF, CLVS, SRNE, PTON, CTVA, OKTA, HEXO, TLRY, DERM & of course TVIX.