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home / news releases / CGC - Canopy Growth: Don't Chase On Biden Win Euphoria

CGC - Canopy Growth: Don't Chase On Biden Win Euphoria

Canopy Growth Corporation
  • A Joe Biden victory in the U.S. Presidential election improves the odds of legislation making cannabis permissible in the country.
  • Canopy Growth has a deal to enter the U.S. cannabis market via the acquisition of Acreage Holdings after a triggering event.
  • The stock is overvalued with a combined market cap topping $7.5 billion and 2021 sales estimates far below $1 billion.
  • Investors shouldn't chase Canopy Growth on any euphoria surrounding a Biden victory.

For further details see:

Canopy Growth: Don't Chase On Biden Win Euphoria
Stock Information
Company Name: Canopy Growth Corporation
Stock Symbol: CGC
Market: NASDAQ
Website: canopygrowth.com
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