Smith Falls, Canada-based Canopy Growth Corporation (CGC) is a global leader in cannabis and cannabinoid-based consumer products. Recently, the company announced the expansion of its Ace Valley brand portfolio, bringing two new beverage and hard candy forms to market. In addition, last month, it launched the next phase of the Tweed brand with the launch of new products, formats, and a revamp of the brand's look and feel.
However, the stock has plunged 79.2% in price over the past year and 39.2% over the past three months to close yesterday's trading session at $8.75. It is currently trading 78.7% below its 52-week high of $41.15.
