BUY Canada’s #1 Weed Stock in 2022? (Canopy Growth Analysis)

In today’s video, I’ll be discussing Canada’s largest cannabis company, Canopy Growth, to see if this weed stock is cheap or a value trap! Canopy Growth currently has a market capitalization of $3.5B, making it the largest cannabis producer in Canada. However, lately, growth stocks of all kinds have been getting destroyed in this market, and Canopy Growth stock has been no exception! Canopy Growth stock with ticker symbol WEED.TO on the TSX is down 80% over the past 1 year. While an 80% drop seems unbelievable, it’s actually quite common in today’s market and might not totally reflect the underlying fundamentals of this business. So, is Canopy Growth stock a buy in 2022? Watch to find out!

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Disclaimer: The opinions expressed in this article are solely those of the featured analysts and do not represent the opinions of TipRanks nor the YouTube creator. The content is intended to be used for informational purposes only and is not financial advice. It is very important to do your own analysis before making any investment.

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5 Comments

  1. Jeffree Rothermel on February 26, 2022 at 11:24 pm

    I’m a us army veteran with PTSD who chooses cannabis and fully believes that everyone should be able to grow their own. Al Capone must be spinning in his grave…….



  2. sunbreeze 322 on February 26, 2022 at 11:38 pm

    Will canopy conflict with the truck convoy in canada?



  3. Pam Libey on February 26, 2022 at 11:40 pm

    Not interested in buying Canopy, but Trulieve looks promising!



  4. Nick Peitsch Investing on February 27, 2022 at 12:10 am

    Great video!!



  5. Tore Rønning on February 27, 2022 at 12:14 am

    First. Wish I had something to say.