2024-03-22 13:53:52 ET
Summary
- Canopy Growth's shares have risen by 28% in the past month due to the potential rescheduling of cannabis in the U.S.
- However, the company is facing operational and financial challenges, with persistent cash flow difficulties and declining sales growth.
- The company's low valuation does not make it an attractive investment, and its future outlook remains bleak.
With the prospect of rescheduling cannabis back on the table in the U.S. this year, shares of Canopy Growth ( CGC ) are up by 28% over the last 30 days. But the Canadian marijuana company's fortunes remain in dire condition, and it might not survive the next couple of years....
Read the full article on Seeking Alpha
For further details see:
Canopy Growth Is Climbing, But It Won't Last