1 Beaten-Down Stock I Wouldn't Touch With a 10-Foot Pole

Core Viewpoint - Canopy Growth has experienced a significant decline in stock value, losing over 99% and currently trading around $1, indicating that it may not be an attractive investment despite its low price [1] Financial Performance - Canopy Growth's revenue has been inconsistent, with a slight increase in net revenue of 6% year-over-year to CA$66.7 million ($49.3 million) in Q2 of fiscal year 2026 [3] - The company's net loss per share improved to CA$0.01 ($0.0074) compared to a loss of CA$1.48 ($1.09) in the same period last year [3] Industry Challenges - The cannabis industry faces structural problems, including significant regulatory oversight, intense competition, and illegal sales channels that undermine legal businesses [4] - The recent reclassification of cannabis from Schedule I to Schedule III in the U.S. may provide some benefits, such as easier access to banking and tax deductions, but it does not address Canopy Growth's specific challenges, especially given its struggles in the Canadian market since legalization in 2018 [5]