Canopy Growth Corp (TSX:WEED) (NYSE:CGC) currently has an “outperform” rating on Marketscreener. With CGC stock already the most expensive share in the cannabis industry, investors may question what they are getting for their money at this stage in the game.
Will CGC stock grow much further? Why pay $40+ per share when many of its peers offer potential for half the price? The questions and arguments are all valid.
But there’s a reason Canopy remains the industry leader by market cap and why it also has an average price target set at $76 CAD. ...
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