Canopy Growth Corp.: When Will the Bleeding Stop?


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.

View Original Article Here

Repost is the designation for articles collected from the Internet whose content may interest our readers. These articles are not written by our staff and they do not necessarily reflect our views.

Related posts