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Stock impact report

2 Stocks That Could Turn $100,000 Into $0 Faster Than You Think [Yahoo! Finance Canada]

Canopy Growth Corporation - Common Shares (CGC) 
If you are planning to gain exposure to companies such as Plug Power NASDAQ:PLUG ) and Canopy Growth TSX:WEED ), you should think twice. The two stocks are fundamentally weak and could easily turn a $100,000 investment into $0 by the end of this decade. While both companies may offer strong upside potential, they remain unprofitable and could file for bankruptcy if they fail to gain significant traction in the next five years. Is this TSX stock a high-risk investment? Valued at a market cap of $592 million, Canopy Growth stock rose from $16.50 in August 2015 to $650 in October 2018. Today, it trades at $1.73 per share. Canopy Growth's second-quarter results reveal a company making progress on turnaround efforts, but several factors make it a high-risk investment. In fiscal Q2 (ended in September), Canopy grew its adult-use cannabis revenue in Canada by 30% year over year. Moreover, medical cannabis sales rose by 17% as insured patient registrations increased by 20%. Canopy Show less Read more
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