Canopy Growth: Not So Rosy
Canopy Growth (CGC) soared in initial trading following FQ1 results, but the market needs to face some reality with the actual numbers. The company beat conservative guidance while still reporting substantial losses. My investment thesis continues to remain bearish on this Canadian cannabis stock, as the company continues to fail to grow profitably despite its large scale.
Image Source: Company website
The stock initially jumped on indications that Canopy Growth beat revenue targ…