Quoted from jwilson:Canada will legalize recreational cannabis use effective October 17th. In the run up to that, a number of commercial growers did listings on the exchange, even before it was for sure going to be legalized, so it wasn't a sure bet. Lots of people made massive (10x+) gains on them but Canopy Growth has been on an acquisition tear and that huge jump on the graph was tied to a $6B investment by Seagrams in their bid to enter the market.
No plans on selling anytime soon.
I think it was the Corona brand (whoever their parent company is) that bought into Canopy Growth. I believe the word is Seagram's is still shopping for a grower agreement. Last I heard they were eyeing 3 different companies and when that news come out it caused a jump in a few of the Canadian growers.
The big jump in TLRY this last week (9/19/18) was because they had reached some sort of import agreement in Europe (Germany I think). That made for a pretty crazy spike and drop.