Is Cash a Problem for Canopy Growth?
After alcoholic beverage giant Constellation Brands invested $4 billion in Canopy Growth (NASDAQ: CGC) a few years ago, the cannabis producer was in a great position to grow its business. But just getting an influx of cash doesn't by itself fix the problems a company may have under the hood.
Canopy Growth has continued to burn through funds, and recently filed a shelf prospectus to raise as much as $2 billion. Should investors be worried about the company's financial situation, or is this just a smart strategic move?
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Source Fool.com
