Alliance Global Keeps a Neutral Rating on Canopy Growth Corporation (CGC)

Group 1 - Canopy Growth Corporation (NASDAQ:CGC) is recognized as one of the best cannabis stocks to invest in currently [1] - Alliance Global has reduced its price target for Canopy Growth from C$2.50 to C$1.80 while maintaining a Neutral rating, reflecting concerns over veteran reimbursement changes and gross margin uncertainties [2] - The company reported a fiscal third-quarter loss of C$0.18 per share, an improvement from a loss of C$1.11 per share in the same quarter last year, with revenue increasing from C$86.24 million to C$90.39 million [3] Group 2 - Canopy Growth operates in multiple segments including Canada Cannabis, International Markets Cannabis, Storz and Bickel, This Works, and Other [4] - The management highlighted ongoing efforts to enhance operational execution and mentioned the acquisition of MTL Cannabis as a strategic move to strengthen the company's platform [3]