Like the majority of cannabis stocks, Canopy Growth (CGC) has taken a big hit in 2019, as sentiment in the industry continues to weaken, and being based in Canada, has the additional headwind associated with the slow rollout of retail outlets.Add to that its heavy exposure to Canadian recreational pot, the lack of a permanent CEO, and less than robust growth prospects at this time, and it’s clear that Canopy, once considered the standard of the cannabis sector, will struggle to break out of its downward spiral, and at least in the short term, is unlikely to have any meaningful …read more
Source:: Yahoo Finance
