Overlooked Alpha

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Research Notes: Can Cannabis Stocks Make A Comeback? (Part 1)
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Research Notes

Research Notes: Can Cannabis Stocks Make A Comeback? (Part 1)

Cannabis producers have been awful investments. There's reason to believe it can get better

Wall Street and Main
Jul 14, 2023
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Overlooked Alpha
Overlooked Alpha
Research Notes: Can Cannabis Stocks Make A Comeback? (Part 1)
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  • The “green rush” in cannabis stocks has turned to a crushing disappointment, with the largest plays down more than 90%.

  • Canopy Growth has collapsed below $1 — and yet it does seem like, somehow, the company should be able to salvage some value.

  • Tilray looks like a winner if the Canadian industry finally becomes rational, but that day may never arrive.

  • Cronos is seeing takeover interest, but a deal seems unlikely. Should CRON plunge, deep value investors should take a good look.

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