Canopy Growth Corporation (TSE:WEED) shares have had a really impressive month, gaining 70% after a shaky period beforehand. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 65% share price drop in the last twelve months.
After such a large jump in price, you could be forgiven for thinking Canopy Growth is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 2.2x, considering almost half the companies in Canada’s Pharmaceuticals industry have P/S ratios below 1x. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
Check out our latest analysis for Canopy Growth
