The End of Cannabis 1.0? – Stock Analyst Gives Once High-Flying Canopy Growth a Price Target of $0.00
July 13, 2023
![](http://cannabis.net/drive/1000/3743_7yzY_canopygrowth0.jpg?width=200&height=200)
The stock plummeted approximately 22% to reach 46 cents per share. In light of these circumstances, Eight Capital analyst Ty Collin revised his price target for Canopy Growth, setting it at $0 instead of C$1.75 ($1.32) per share. Collin also reiterated a sell rating for the company, stating that it is no longer appropriate to consider Canopy Growth as a viable business.