By Kuldip K. Ambastha
During this trading week, retail investors focused on stocks in the marijuana sector. Canopy Growth Corporation (CGC) is one such company, based in Smiths Falls, Ontario, Canada. Per the table above, three days of positive returns were followed by two days of negative returns. Aside from retail investor interest, the hopes of comprehensive marijuana legalization in the USA helped drive the positive daily returns. Canopy Growth may be able to legally enter the American marketplace for tetrahydrocannabinol (THC) sometime in the calendar year of 2021, which should help drive additional revenue dollars. However, at least for now Canopy Growth Corporation has not turned a net profit despite strong revenues.
Keywords – Canopy Growth Corporation, Canopy Growth Corp., Canopy Growth, Canopy, CGC, Canada, Canadian, USA, American, marijuana, cannabis, tetrahydrocannabinol, THC, legalization, reform, revenues, profits.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in CGC.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2021 – Ambastha Financial LLC.