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Where Will Canopy Growth Be in 1 Year?

TheMotleyFool

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Canopy Growth (NASDAQ: CGC) was once the king of marijuana producers in Canada. However, the company has recently fallen on hard times. Over the past six months, its stock has fallen by 42% -- with no end in sight.

Even after the sell-off, the stock is still ridiculously expensive at 12 times revenue. That's not good, considering investors are getting wary about the company's ability to turn a profit. So can Canopy Growth stage a turnaround by the end of next year?

Image source: Getty Images.

Source Fool.com

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