CGC stock is up a whopping 61% so far in 2019 on the NYSE, making it one of the best-performing stocks in the cannabis industry. Moreover, shares of Canopy Growth Corp (TSX:WEED) (NYSE:CGC) are up 2000% in the past three years.
With a valuation of over $14 billion USD, and gradually increasing revenue, Canopy Growth has been showing negative Earnings per Share (EPS). So why is that?
Revenue Growth: A Key DriverUnlike other fast-growing industries, companies operating in the cannabis space have to wait much longer to break even, and Canopy Growth is ...
Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.