Is This Pot Stock Repeating Aurora Cannabis' Mistakes?
As with any evolving industry, the marijuana industry also suffers from volatility. The Canadian industry, in particular, has faced several headwinds since it legalized medical and recreational cannabis. However, amid all the challenges, a few of the cannabis players, like Canopy Growth (NASDAQ: CGC) and Aurora Cannabis (NASDAQ: ACB), stood out as the dominant players.
Fast forward to the present day, now both of these cannabis growers are struggling to generate enough revenue to achieve positive earnings before interest, tax, depreciation, and amortization (EBITDA). While investors believed Canopy could rebound this year, its second-quarter earnings tell a different story. Let's take a look at what is happening with Canopy Growth and if it's a worthwhile buy now.
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Source Fool.com
