Canopy Growth: A Fully Funded Global Growth Story During the last year, Canopy Growth (WEED.TO) (CGC) has proven to be susceptible to large pullbacks and has traded lower with the rest of the cannabis sector. From an international exposure standpoint, Canopy Growth is considered to be a global cannabis leader and has been highly focused on being a leader in the space.
From a capital standpoint, Canopy Growth has the strongest balance sheet on a comparative basis and has the most solid cash position in the industry. This is an important aspect of the story and a major differentiator for the business for when it is compared to companies like Aurora Cannabis or HEXO Corp.
Canopy is well positioned to further capitalize on the international cannabis market and we expect to see the company make additional acquisitions later on this year. Valuations have plummeted when compared to this period last year and Canopy Growth is positioned to capitalize on this. Many companies in the space are under pressure and do not have enough capital to execute. This puts Canopy Growth in an important position and we are bullish on the long-term opportunity.
We believe that the strength of Canopy Growth’s balance sheet will play an important role in its ability to become the global cannabis leader. During the last quarter, the company has been under considerable pressure and this is a trend that our readers need to be aware of. We believe that Canopy Growth has attractive catalysts for growth and is an opportunity that we are excited about.
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