Canopy Growth (CGC) Stock Falls As Analyst Turns Bearish

Canopy Growth Corporation CGC Stock News

Reason #3: The Vape Issue Is A Very Real Concern

The vaping industry is coming under fire, and for good reason. It has led to hospitalization in more than 500 users, 13 of which died. Should this trend continue, it could be a shot to the heart of the vaping industry as a whole.

You may be asking, “What does this have to do with CGC?” Just take a look at the company’s website or recent press releases. In August, the company signed a massive, exclusive vaporizor deal. Considering the issues that we’re seeing in the vaping space, this deal may quickly become a waste of time and money, and it wouldn’t be the only one.

At first glance, you may not think that vape industry blues would weigh too heavy on Canopy Growth. However, when you dig in, you’ll see that this concern is a very real one.

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