Canopy Growth's Struggles in 4 Charts
Canopy Growth (NASDAQ: CGC) still tries to sell itself as a growth stock. But the reality is that over the past five years, you would have been hard-pressed to find a worse investment. Hopes of marijuana legalization in the U.S. appear to have faded, along with both the company's growth rate and the bullishness that once followed Canopy Growth's stock.
Where did it all go wrong for Canopy Growth? Here are four charts to help summarize the stock's struggles.
An ultra-competitive pot market in Canada, and heavy-handed regulations, have hammered Canopy Growth's revenue. The company simply hasn't been able to live up to the hype, and that's painfully obvious with its non-existent growth rate in recent periods.
Source Fool.com
