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Based on the reviews from different experts, it is evident that the Canadian cannabis sector, particularly Canopy Growth Corp., is facing high risk and speculation. The potential impact of the US election and the possibility of US de-criminalization of marijuana are major concerns. The industry is currently seen as in a downtrend with no clear base, and the regulatory complexities in different regions contribute to a lack of confidence in its future prospects.
Avoid the sector. High risk, speculative. Doesn't see catalysts to drive the sector higher, especially if Republicans succeed in the US election.
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, 3 stock analysts published opinions about WEED-T. 1 analyst recommended to BUY the stock. 2 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.
3 stock analysts on Stockchase covered Canopy Growth Corp. In the last year. It is a trending stock that is worth watching.
On 2024-10-31, Canopy Growth Corp. (WEED-T) stock closed at a price of $6.39.
Good for marijuana exposure. Speculative, but quality.