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Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
Canopy Growth (CGC) has been trying to recover from a turbulent period after a new CEO settled in. The company has been laying low while the Canadian cannabis sector roils in a crisis caused by stagnant sales and a lack of retail outlets. With the new CEO appointed and Constellation Brands (STZ) taking control, we think the company will begin slashing costs and reducing M&A activities. We remain