all time lowThey say, that no news is good news - but not in the case of Canopy Growth.
You see, there really was no news yesterday - and yet, the stock dropped over 10% to a new 52 week low - in fact, it hasn't been this low since 2016, when it was just a small medical cannabis company, promising global domination.
Can it go any lower? Of course - in fact, I can't see why it won't. Because, I cannot see any good news coming out of this company (unless they clean out the entire c-suite).
I expect continued facility closings and employee firings and financial losses - STZ might toss some more cash on the dumpster fire, in order to keep it going, but, come on - this thing is going to zero - I know it, you know it,
and they know it.