Written by Andrew Button at The Motley Fool Canada
Though I am a big fan of stocks, on the whole, there are many individual stocks I wouldn’t touch with a 60-foot pole. Examples include bankruptcy cases, Russian stocks, and cannabis stocks. It’s not that there aren’t good opportunities in these sectors — there are — it’s just that the quality of the companies in them is so low on average that sifting through the dirt to find a diamond isn’t worth it. In this article, I will explore one TSX stock I wouldn’t touch with a 10- or even 60-foot pole.
Canopy Growth
Canopy Growth (TSX:WEED) is a Canadian cannabis company. It sells marijuana, hashish, edibles, and related products. There was a time when this company was one of the hottest things in town. In the lead-up to legalization in 2018, the company’s stock rallied to incredible highs. However, after legalization hit, it came out that the…
