Canopy Growth (TSX:WEED) Stock Was Down 30% in 2019: Here’s Why it Can Rebound in 2020

The entire cannabis market in Canada has been rough since recreational legalization commenced in the fall of 2018. A number of issues have affected and slowed the rollout of the industry, such as regulations, political uncertainty a competing black market, lengthy licensing processes, etc. The market has even been so competitive that some companies have even crossed the line in…

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If You’d Invested $10,000 in Canopy Growth (TSX:WEED) at Legalization, This Is How Much You’d Have Today

Canopy Growth (TSX:WEED)(NYSE:CGC) has seen much better days. The stock, along with many of its peers, has seen some epic declines this year. Since the beginning of 2019, Canopy Growth’s shares have fallen by 36% as of the end of last week. However, that doesn’t tell the whole story, as the whole cannabis sector has been struggling since recreational marijuana…

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Better Buy for 2020: Canopy Growth (TSX:WEED) vs. Aurora Cannabis (TSX:ACB) Stock

The year 2019 has been one of the worst that investors in Canadian marijuana stocks have seen in the industry’s entire history, as both big and small names tumbled to record new multi-period lows, but contrarian bets could be flocking into this space early in 2020 to scoop some rich pickings right at the bottom, and the big pot names…

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Bet Against the Cannabis Industry With This ETF

Cannabis stocks have been dreadful over the past several months. Even top pot stock Canopy Growth Corp (TSX:WEED)(NYSE:CGC) has fallen hard. From highs of more than $70 per share back in April, its share price has been cut by more than half since then. The turning point for the industry occurred in the summer when the CannTrust scandal emerged and Canopy’s co-CEO at…

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Is it Finally Time to Buy Canopy Growth (TSX:WEED) Stock?

Marijuana stocks had a tough run in the first year of legal recreational cannabis sales in Canada. The industry initially struggled with supply shortages and distribution problems when the market launched in Q4 last year. This led to an investor exodus with many of the leading pot stocks tumbling 40-50% in a matter of weeks. Canopy Growth (TSX:WEED)(NYSE:CGC), for example,…

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Is Canopy Growth (TSX:WEED) Stock a Buy After New CEO Appointment?

Marijuana leader Canopy Growth (TSX:WEED)(NYSE:CGC) stock rallied over 11% on Monday after the company finally announced new CEO David Klein as the preferred replacement for ousted co-founder Bruce Linton and the stepping down of interim leader and co-founder Mark Zekulin later this month. The new CEO will assume the reins on January 14 of 2020. Canopy has clearly decided to…

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Will HEXO (TSX:HEXO) Kill Canopy Growth (TSX:WEED) Stock?

HEXO Corp. (TSX:HEXO)(NYSE:HEXO) was once cannabis royalty. In just three years, the stock rose from $0.50 to $10. The recent marijuana pullback has hampered expectations, but HEXO’s management team continues to invest in its long-term strategy. If successful, HEXO’s differentiated approach could spell trouble for other pot stocks, namely Canopy Growth Corp. (TSX:WEED)(NYSE:CGC). That’s because HEXO is creating a scalable…

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Here’s Why Canopy Growth (TSX:WEED) Is Still a Top Cannabis Stock

Canopy Growth (TSX:WEED)(NYSE:CGC) continues to be one divisive stock. While the cannabis space has its staunch bears and its equally vocal bulls, nowhere is the divide more stark than among Canopy observers. Even a casual glance over the past week’s headlines for the stock shows just how volatile its tickers have been in only a short amount of time. Canopy…

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Bank of America (NYSE:BAC) Says This Cannabis Stock Is Now a Buy

Bank of America analysts haven’t always been bullish on cannabis stocks, but due to the recent industry-wide decline, they’re jumping in. On November 20, the firm upgraded shares of Canopy Growth (TSX:WEED)(NYSE:CGC) to “buy,” noting that consensus estimates are finally “achievable (even beatable).” A big part of the upgrade was valuation. Since April, Canopy shares have lost two-thirds of their…

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Why Did Canopy Growth (TSX:WEED) Stock Gain Almost 20% Yesterday?

Shares of Canada’s top cannabis company, Canopy Growth (TSX:WEED)(NYSE:CGC) rose close to 20% on November 20, 2019. The stock lost 33% in market value between November 8 and November 18, as the company reported underwhelming September-quarter results. Canopy disappointed investors with less-than-estimated revenue and earnings. Poor earnings of several other cannabis companies resulted in mayhem in the last week. Canopy…

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