Canopy Growth's CEO Has 2 Bold New Predictions
For years, Canopy Growth (NASDAQ: CGC) has been a figurehead atop the fast-growing marijuana industry. The company's aspirations have always been aggressive, looking to lead the industry not just in its home base of Canada but around the world. It was the first big pot stock in 2017 to attract a notable investor from another industry, in beer maker Constellation Brands. It even has a deal in place with multistate operator Acreage Holdings which will close once marijuana is legal in the U.S.
Although those developments happened under founder and former CEO Bruce Linton's watch, new CEO David Klein (who came over from Constellation) doesn't look any less aggressive or bullish on the industry. And if his latest two predictions come true, Canopy Growth's stock could become an ultra-hot buy.
Image source: Getty Images.
Source Fool.com
