Canopy Growth Corp.: When Will the Bleeding Stop?

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Pixabay / Lalmch / CC0 Public Domain

Shares of Canopy Growth Corp. (TSX:WEED) have dropped by over $6 a share, or 47.5%, since the middle of February. Although the loss in value doesn’t appear to be slowing down, at some point, Canopy will find a new equilibrium.

The problem with companies like Canopy is that investing in them is investing for the future, not for today. Canopy has a market cap of a little over $1 billion and yet, last quarter, it only brought in $10 million in revenue.

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