Should You Buy Canopy (TSX:WEED) After its Supreme (TSX:FIRE) Bet?
Should You Buy Canopy (TSX:WEED) After its Supreme (TSX:FIRE) Bet?
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The cannabis sector started 2021 quite strong. The S&P/TSX Cannabis Index grew well over 130% in fewer than 40 days into 2021. But following its historical pattern, the sector started to slump and has come down 43% from its yearly peak. It did supercharge the healthcare sector and elevated it to the highest-growing sector of the first quarter of 2021.
Few
cannabis companies managed to hold on to the relatively high price point, but most have been going down considerably.