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.