Should You Buy Canopy Growth in April?
One of the best axioms about investing is that you should choose the leading companies in the fastest-growing industries to maximize your chances of success. But what's the right move when there are no clear industry leaders? Take the world of the cannabis industry, where unprofitability, 90-degree turns in corporate strategy, and crazy-fast revenue growth all the while are the norm.
Canopy Growth (NASDAQ: CGC) is struggling with many of the same issues as its competitors, though it could have a competitive advantage in the form of its increasing focus on the marijuana beverages segment of the recreational market. It should go without saying that this stock isn't the best choice for investors who have a low tolerance for risk. But, if you're willing to purchase a stock that has yet to demonstrate its ability to operate consistently in the long term in exchange for high growth potential, it could be right up your alley.
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Source Fool.com
