Piper Sandler Maintains Underweight On Canopy Growth Stock, Calls Cannabis Rescheduling ‘Largely Symbolic’

A recent company note from Piper Sandler & Co, by senior analysts Michael S. Lavery and Luke Maloney offers insights into Canopy Growth Corporation‘s (NASDAQ:CGC) financial performance, valuation and prospects.

The near-term outlook remains cautious, with significant valuation adjustments and an “Underweight” rating from Piper Sandler. Despite positive revenue trends amid economic challenges, investors should note ongoing efforts to achieve profitability, potential regulatory impacts and market focus shifts.