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02.08.2022 12:25:00

3 Burning Questions for Canopy Growth

It has been an all-out disaster for cannabis producer Canopy Growth (NASDAQ: CGC) this year. Down more than 70%, it has performed far worse than the Horizons Marijuana Life Sciences ETF, which has fallen by 44%. For the pot stock to turn its fortunes around, its business will need to perform a whole lot better than it has in the past.Canopy Growth reports its latest earnings numbers on Friday, and there are three important questions investors should be looking for answers to before deciding whether to invest in it.A big challenge for even the largest companies in the world these days is finding ways to increase sales while also dealing with inflation. But Canopy Growth's problems go further back than inflation; the company has been struggling to generate consistent growth for the past few years:Continue reading
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