1 Stock I Wouldn't Touch With a 10-Foot Pole [Yahoo! Finance]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: Yahoo! Finance
valuation is too high, or the risks of an investment don't seem to justify the upside. Avoiding them doesn't mean that the underlying businesses are bad, merely that it isn't the right fit for what I'm looking for. Canopy Growth (NASDAQ: CGC) stock falls squarely within that category. Here's why I wouldn't touch it with a 10-foot pole. It's hard to build conviction for an investment, part one Canopy Growth's primary line of business is to sell marijuana. Its home market is in Canada, though it also has a limited presence in the E.U. and grand aspirations to enter the U.S. market. And therein lies the reasons why I will not ever buy it. Canopy's plan to enter the U.S. market is a bit complicated. In short, it created a parallel business, Canopy U.S.A., the point of which was to jump start the company's operations in the U.S. in advance of federal-level marijuana legalization . The U.S. organization plans to acquire Wana, Acreage, and Jetty, a trio of recreational cannabis bra
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CGC
News
- What's Going on With Canadian Pot Stocks? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross Proceeds [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross Proceeds [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross ProceedsPR Newswire
- Why Canopy Growth, Tilray, and Cronos Group Stocks Just Cratered [Yahoo! Finance]Yahoo! Finance
CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 4/30/24 - Form 424B3
- 4/30/24 - Form 424B3
- 4/30/24 - Form 8-K
- CGC's page on the SEC website