Is Canopy Growth Stock Going to $0?
Five years ago, shares of Canopy Growth (NASDAQ: CGC), a leading cannabis company, were worth over $300 apiece. Now the stock is changing hands for under $2. Can the stock bounce back, or will investors be left with worthless shares in a few years? Let's find out.
Canopy Growth's financial results continue to be mediocre at best, even with some improvement on the bottom line. During the third quarter of its fiscal year 2026, ending on Dec. 31, the company's net revenue remained pretty much flat year over year at 74.5 million Canadian dollars ($54.5 million). True, the company's net loss per share of CA$0.18 ($0.13) was much better than the CA$1.11 ($0.81) loss per share reported in the year-ago period.
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Source Fool.com
