The worst is over for Canopy Growth stock The Verdict on CGC Stock
Canopy is still a high-risk stock. But its long decline is finally over. For more than a year, Canopy’s stock seemingly only went down. But with the shares up more than 100% since March, the shoe is on the other foot; now the short sellers are worried about what is going to happen in coming months.
And Canopy appears to be on solid terms with its key backer, Constellation, again. A big part of the game in the marijuana sector for the foreseeable future is staying on offense. With so many companies facing liquidity crises, the strongest firms have a tremendous opportunity to benefit from the consolidation of the industry.
Canopy has plenty of cash to keep developing its products and brands in the coming months and years. The sector will remain volatile, and it won’t necessarily be smooth sailing from this point on for Canopy. But the survivors, including Canopy Growth, are starting to gain momentum.
https://investorplace.com/2020/05/why-cgc-stock-is-surging-once-again/