Opinions Colin Stewart
Canopy Growth Corp.WEED.TOSELLOct 25, 2016
$5.91
Stock price when the opinion was issued
$1.44
As of Jun 05, 2026. Market Open.
agriculture
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DON'T BUY
Allan Tong’s Discover Picks Where does this leave the granddaddy of them all? Unlike the other two operators, Canopy has a huge presence in Canada which makes up roughly 60% of sales. A major drag here is cheap black-market weed, which keeps the price of ganja way below $10 a gram. (Cannabis is the only thing that’s gone down in price in 2022.) Still, if projections are correct, if the number of retailers plummets in coming months, and if supply shrinks and prices climb, then there is hope for revenue increases for Canopy. Read 3 Cannabis Stocks to go Higher for our full analysis.
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DON'T BUY
A millionaire stock? Vivid imagination. Hasn't made a penny to date. Balance sheet is sloping down, as it's consuming equity. Every time it takes a run, many people run for the exits. Pure speculation, a gamble, fluctuates wildly. Doesn't see the earnings or explosive growth in the Canadian market.
agriculture
HOLD
They continue to be challenged in Canada. They overbuilt growth facilities. What is more important is what they are doing with their US strategy. They have an option to own assets in the US if it becomes legal in the US. They also have a partnership for gummies. Starting to look at cannabis market has a global opportunity. They will have an immediate and dominant position if the US legalizes cannabis.
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DON'T BUY
He was critical of the first-generation weed companies, then finally bought Curaleaf, because it operates in the U.S. WEED is backed by a big beverage company, so governance is fine. WEED operates in the much-smaller Canadian market, whereas the real money is and will be in America which he expects to legalize weed eventually.
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PAST TOP PICK
(A Top Pick Dec 09/19, Up 30%) Still likes this long-term, but he's now focused on U.S. weed names. He prefers other names.
Bruce Campbell (2)Owned
agriculture
TOP PICK
He ended up buying this recently. It was an over bought sector and stock. It has based since then and it is still in that base. Compared to everything else, it hasn't fallen greatly. (Analysts’ price target is $32.27)
Keith RichardsOwned
agriculture
BUY
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.
agriculture
There is some forward thinking by analysts and investors that the recreational use of marijuana is going to become legal, and companies like this will be well positioned. If that does happen, there will be another leg up on these kinds of stocks. Typically, in these very early stage industries, after the fundamentals play out and the dust settles, investors will start to question how many customers they will actually serve and how much money what they actually make. It is almost too early to do that, so stocks are going up and up on very little fundamental analysis by anybody, just on speculation. If you are in this, now would be a good time to take some profits.