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Canopy Growth's Stock Decline
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Overview
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Canopy Growth, a Canadian cannabis company, has seen a drastic drop of over 98% in its stock value since 2019. Despite revenue decline, it strives for profitability, with a focus on its cannabis business and a plan to achieve positive EBITDA across all business units by 2024. The company's Canadian medical business shows consistent growth, while it aims to reintroduce its Wana brand in the Canadian adult-use cannabis market.
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How might Canopy Growth's stock decline impact the cannabis industry as a whole?
What factors could have contributed to Canopy Growth's significant stock decline?
What strategies could Canopy Growth employ to successfully achieve positive EBITDA across all business units by 2024?
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