3 Things About Canopy Growth That Smart Investors Know
Most cannabis investors know that Canopy Growth (NASDAQ: CGC) is one of the leading players in North America. Still, the company's merit as an investment is a complicated topic, and that's precisely where smart investors stand to teach most of the stock's potential buyers a few important things.
In particular, there are three key facts about Canopy Growth that wise investors recognize, so let's examine each.
As well-informed investors know, perhaps the most important issue facing Canopy Growth right now is that its revenue is shrinking rather than increasing. Compared to three years ago, its latest quarterly revenue of $81 million is down by 31%. But there isn't a story of mismanagement or failed strategy to tell here. The factors driving the decline were largely beyond its control.
Source Fool.com
