Here are seven major companies whose stocks moved on the week’s news. Read More...
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Why Sundial, Canopy Growth, and Green Thumb Stocks Dropped Today
Marijuana legalization is coming to America — eventually — and Canopy Growth (NASDAQ: CGC) is the Canadian cannabis stock most likely to profit from it. Canopy Growth stock is both “best positioned among Canadian producers to enter the U.S. upon federal legalization,” writes TheFly.com, reporting on Bank of America’s note Friday morning. In the analyst’s opinion, Canopy’s promise to achieve positive earnings before interest, taxes, depreciation, and amortization (EBITDA) by the end of its fiscal 2022 (which will end March 31, 2022) are predicated on the company reaching sales targets that it may actually miss.
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