CGC stock slumped to a two-year low last week in light of hugely disappointing quarterly earnings, but could the declining value of Canopy Growth (TSX:WEED) (NYSE:CGC) shares represent a buying opportunity for investors? Some analysts seem to think so.
The EarningsCanopy released its second-quarter earnings last week, and it was definitely a major disappointment for investors. The company reported an adjusted loss of $155.75 million CAD, well over analysts’ estimated loss of $92.9 million CAD, which Canopy Growth has attributed to a major spike in operating costs as its scales its business in the first ...
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