Why Investors Shouldn't Get Too Excited About Canopy Growth's Latest Move
Cannabis investors have grown accustomed to splashy, exciting announcements by companies in the sector. But sometimes, a well written press release makes much more of the announcement than what it really is. You can't blame a company for trying to help generate some bullishness around its stock, but the savviest investors can read between the lines.
Recently, Canopy Growth (NASDAQ: CGC) made the announcement that it was entering the cannabidiol (CBD) beverage category in the U.S. with the launch of a new product. However, before you rush to buy the pot stock on this news, there are some important things to consider.
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Source Fool.com
