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Canopy Growth: Heartburn Ahead

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Seeking Alpha Top Trending Article

Canopy Growth expects to report FQ3 results after the market close on February 14.
The report will include the first numbers from the adult-use market in Canada that was legalized staring October 17.
Building a global operation from scratch in a short period should lead to massive operating costs.
The stock has hit resistance again around $50.
The Canadian cannabis market along with global cannabis market remains one of the most difficult markets to analyze in history. The markets are replacing illicit activities via converting the cannabis industry into legal means. Therefore, existing illegal supply is being replaced with massive legal production facilities and distribution networks while that illegal supply isn't necessarily being taken out of the market. All of the new companies have limited operating history to judge the management teams effectiveness and ability to distribute new product on a global scale while establishing strong brands for the long term.
Read the full article on Seeking Alpha. 

Disclosure: No position. Please review the disclaimer page for more details. 

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