RE:RE:RE:RE:RE:Reverse SplitActually the major reason why CGC stock is doing so poorly is that Canopy Growth has continually been burning through cash and incurring losses over several years. Although it has been slashing costs, it still has a long way to go to break even, assuming it can ever get to that point.Another main reason CGC stock is doing so poorly is that an analyst recently set a price target of zero for Canopy Growth's stock as the company has been desperately cutting costs, but still remains nowhere near profitable. Sales growth is also a big problem, as Canopy Growth's top line declined 21% this year. GLTA
Unfortunately, with the U.S. still unlikely to legalize marijuana in the near future, investors have lost hope in Canopy Growth. The stock has crashed and, unfortunately, investors shouldn't expect things to improve anytime soon.