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Experts are largely pessimistic about Canopy Growth Corp (WEED-T). They caution against investing in the cannabis sector due to its high risk and speculative nature. There is little optimism for any catalysts to drive the sector higher, especially with the potential impacts of the US election. The consensus is that the industry is in a downtrend and lacks a solid base for growth. It is seen as a highly speculative and commoditized business, with varying regulations across different regions, leading to no clear investment prospects.
Canadian cannabis sector was one of complete hype and hysteria. If the US de-criminalizes marijuana, companies will be able to use bank accounts and tax deductions. There will be a complete transformation of financial prospects. Look at the US, the Canadian story is done.
It is in a big downtrend and he doesn't see a base. It needs to consolidate.
The industry has never really made sense to him and is still a mess. The business is commoditized. Every state and province has a different regulation. Nothing but speculation.
They each have their own strengths. He would pick Canopy (WEED-T) because they are the 800 lb gorilla. Aurora has lots of news about balance sheet challenges but they have low costs that he thinks will still come down further.
Canopy Growth Corp. is a Canadian stock, trading under the symbol WEED-T on the Toronto Stock Exchange (WEED-CT). It is usually referred to as TSX:WEED or WEED-T
In the last year, 4 stock analysts published opinions about WEED-T. 0 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canopy Growth Corp..
Canopy Growth Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Canopy Growth Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Canopy Growth Corp. In the last year. It is a trending stock that is worth watching.
On 2024-03-27, Canopy Growth Corp. (WEED-T) stock closed at a price of $12.95.
Avoid the sector. High risk, speculative. Doesn't see catalysts to drive the sector higher, especially if Republicans succeed in the US election.