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HMLSF - Canopy Growth: Hunkering Down And Cutting Fat
Horizons Marijuana Life Sciences Index ETF Cl A Unit
Canopy Growth (CGC) is the problem child that Constellation Brands (STZ) is desperately trying to find a way to bring it back on track even as Constellation exercised 19 million warrants on May 1 to increase its stake in the world's largest public cannabis company to 39%. Canopy's new CEO came from Constellation and he is taking aggressive actions to scale back redundant operations and cut back operational costs. With the challenging market conditions caused by COVID-19 likely to persist into the rest of 2020 and beyond, we think it is