Why Canopy Growth Stock Is Sinking Today

Credit: Motley Fool- Published 1 week ago
The cannabis producer's stunning revenue decline and massive net loss in Q1 have investors worried.
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Credit: The Street
Published 2 weeks ago -  01:20
Jim Cramer Says Cannabis Is Getting Hot Again
Stock of the Day Tilray is set to report earnings after the bell Tuesday. Bruce Kamich, Real Money contributor, took a look at Tilray's chart ahead of earnings. Here's Kamich's takeaway, "With TLRY going down eight months and many cannabis bulls in retreat or wounded, I would guess (yes, guess) that an upside move is not expected." But Cramer has his eye on the cannabis industry as a whole. "I don't like Tilray because I don't like the ownership structure. But cannabis is getting hot again and you might want to buy calls on Tilray? I would rather just accept the fact that I think that Cronos is good. And Canopy can turn around, and Aphria , which is the one that is run by Irwin Simon is very good and had a very good quarter," said Cramer. Related. Tilray Could Be Poised to Move Higher Premium Pick: Markets Reverse and Surge on China News Ask the Expert: The Scariest Thing All Investors Have to Face Ready to Retire: The Biggest Threat to Your Retirement? Check Your Basement TheStreet Feature: Here's Something Investors May Be Missing About the Drone Revolution Dog Days of Summer: Why Investors May Be Seeing the End of the Dog Days of Summer C-Suite: AMD CEO Lisa Su Talks New Chips, Confirms She's Staying: 'I Have A Lot to Do' Success: Top Women Leaders Share the Keys to Business Success Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

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