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Stock impact report

Why Canopy Growth Is No Longer A Strong Sell [Seeking Alpha]

Canopy Growth Corporation - Common Shares (CGC) 
Company Research Source: Seeking Alpha
CGC's balance sheet improved significantly, moving from net debt to net cash through substantial stock issuance, but share dilution is notable. Valuation is less challenging now, with the company trading below tangible book value and analysts projecting a move to positive adjusted EBITDA by FY27. While CGC's stock has bottomed technically and bankruptcy risk is lower, it is not recommended as a buy; better cannabis stocks exist. sutthirat sutthisumdang/iStock via Getty Images I have been very negative on Canopy Growth Corporation ( CGC ) for a long time. The stock is still above the all-time low that was set in April, and it is also above the recent low More on my IG service 420 Investor launched in 2013, just ahead of Colorado legalizing for adult-use. We have moved the service to Seeking Alpha. Historically, we have provided great coverage of the sector with model portfolios, videos and written material to help investors learn about cannabis stocks, and we are excited t Show less Read more
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