2 Canadian Stocks That Could Utterly Destroy a $100,000 Portfolio In this article : Canopy Growth Corp Algonquin Foolish takeaway Should you invest $1,000 in Algonquin Power & Utilities Co...
Canopy Growth Corporation - Common Shares (CGC)
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Source: Yahoo! Finance Canada
As stocks like Enron and Worldcom show us, if you throw all of your eggs into a fraudulent basket, you can make virtually unlimited amounts of money go to zero. So, it's certainly possible to utterly destroy a $100,000 portfolio. The hard part is identifying the kinds of stocks that will do it in advance. In this article, I'll share two stocks that could utterly destroy a $100,000 portfolio, starting with one of the biggest reverse-success stories in Canadian business history. Canopy Growth TSX:WEED ) is a company that once seemed to have it all. In 2018, the year when cannabis was legalized, this cannabis company was riding high in the markets, securing $5 billion in investments, and about to see its revenue increase dramatically. Canopy Growth had the wind at its back. Indeed, immediately after the Federal government legalized cannabis, Canopy Growth Corp did seem to be doing well. Its revenue increased as expected, and it began opening retail stores in provinces that allowed
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CGC
News
- XORTX Announces Substitute Director Nominees for its Upcoming Annual and Special Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- Canopy Growth (CGC) was upgraded by ATB Cormark Capital Markets from "strong sell" to "moderate buy".MarketBeat
- Canopy Growth Completes Acquisition of MTL Cannabis Creating Canada's Leading Medical Cannabis Business By Revenue [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Completes Acquisition of MTL Cannabis Creating Canada’s Leading Medical Cannabis Business By RevenueBusiness Wire
- Investors Heavily Search Canopy Growth Corporation (CGC): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
CGC
Earnings
- 2/6/26 - Miss
CGC
Sec Filings
- 3/16/26 - Form 8-K
- 2/17/26 - Form EFFECT
- 2/13/26 - Form 424B3
- CGC's page on the SEC website