Amid concerns about store growth hurting marijuana sales in Canada, a Canopy Growth bull just cut his rating on the stock.
The back story. Canopy Growth stock (ticker: CGC) has lost nearly half its market value in the trailing one-year period. It’s one of the biggest names in Canada’s marijuana industry, with billions in investment from U.S. Corona seller Constellation Brands (STZ), but disappointing results and a CEO shake-up have dragged on the stock.
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