Canopy Growth: Penny Stock Purgatory -- or Cannabis Rebound in the Making?
Canopy Growth (NASDAQ: CGC) says it has simplified operations, reduced expenses, exited BioSteel, and completed its MTL Cannabis acquisition. The company reported about $131.3M net cash at fiscal 2026 end (June 30) after a recapitalization. It cited 27% Q4 growth in Canadian medical cannabis revenue and 68% international medical growth, while noting ongoing losses and U.S. regulatory risk.



