A couple of weeks ago, we were looking at Canopy Growth Corporation $CGC as it traded at a key support around $40. We noted that price was cracking this consolidation support and would likely breakdown this support and enter a bearish run.Canopy Growth Corporation (CGC) Cracking that $40 SupportCGC Daily Chart(click to enlarge)Bearish Breakout; Next Support: - As we can see on the daily chart, price is in a strong bearish breakout. - I do not see support until the lows set at the end of 2018, or in July 2018 (the $24-$25.50 area).- However, note that the 2019 high missed the 2018 highs around $55-$57.- Don't be surprised If price subsequently makes a lower low (below $24). - For example, it is quite possible that price will continue lower until the $20 area. CGC Weekly Chart(click to enlarge)I don't have any exposure in CGC now, but I am considering an entry around $25 and then around $21 with more weight on the $21 area.