Can These Beaten-Down Growth Stocks Be Revived?

Can These Beaten-Down Growth Stocks Be Revived?
·5 min read

The global legal marijuana market could grow at a compound rate of 25% by 2030, according to Grand View Research. One-time investor favorites Canopy Growth (NASDAQ: CGC) and Aurora Cannabis (NASDAQ: ACB) have seen their stocks dip more than 90% in the last three years. Aurora and Canopy have been in pursuit of positive earnings before interest, taxes, depreciation, and amortization (EBITDA) for quite a while now, but have failed to reach their goal.