Where Will Canopy Growth Be in 1 Year?

·4 min read
Where Will Canopy Growth Be in 1 Year?

Canopy Growth (NASDAQ: CGC) was once the king of marijuana producers in Canada. During its 2021 fiscal year (ended March 31), Canopy Growth's revenue was up 37% year over year to CA$546.6 million. A big reason behind Canopy Growth's woes is its focus on cannabis 2.0 products like edibles, vapes, beverages, etc., instead of dried cannabis with high THC (tetrahydrocannabinol, the chemical in cannabis that gets users "high").

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