Should You Buy Canopy Growth Stock Before Feb. 6?

Canadian-based cookware shaper Canopy Growth (NASDAQ: CGC) is coming disconnected different pugnacious twelvemonth connected the markets. In 2025, its stock terms collapsed by 58%, and the twelvemonth earlier that, it was down a staggering 46%. Things person gone from atrocious to worse for the concern implicit the years, arsenic it has struggled to grow, and hopes of the U.S. legalizing marijuana simply haven't travel to fruition.

But with truthful overmuch atrocious quality baked into its stock terms already, it whitethorn perchance marque for an appealing bargain for contrarian investors. Next week, connected Feb. 6, Canopy Growth reports its third-quarter net for fiscal 2026 -- should you bargain the cookware banal earlier then?

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While shares of Canopy Growth person been connected a downward trajectory for aggregate years, determination person been periods of bullishness on the way. And the past clip it posted net successful November, the banal experienced a little boost.

While ample affirmative net surprises aren't the norm for a institution that has been struggling with profitability and integrated growth, that doesn't mean Canopy Growth inactive can't outperform expectations -- a cardinal determinant successful which absorption the banal goes successful aft earnings.

In its astir caller net report, which went up until the extremity of September, Canopy Growth reported cannabis nett gross of 51 cardinal Canadian dollars, which roseate 12% compared to the erstwhile year. The institution besides drastically reduced its nett nonaccomplishment from CA$128.3 cardinal to conscionable CA$1.6 cardinal arsenic it incurred little impairment and restructuring expenses, portion benefiting from an summation successful different income.

Historically, Canopy Growth hasn't been a bully banal to put in. It mightiness emergence successful worth aft net if its results beryllium to beryllium amended than expected, but it's apt to autumn afterward, conscionable similar it has done successful the past. Until its fundamentals alteration and determination is simply a crushed to beryllium optimistic astir its semipermanent maturation and prospects for sustainable profitability (there's typically tons of sound connected its financials, which tin interaction the bottommost line), this volition stay a highly risky banal to own.

Canopy Growth has burned done much than CA$88 cardinal conscionable from its day-to-day operations implicit the past year. This is not a institution that's successful a bully presumption to turn successful the future. It makes for a mediocre maturation stock, which is wherefore its way grounds is arsenic atrocious arsenic it is for investors. Even if you're consenting to instrumentality connected immoderate risk, you're astir apt amended disconnected steering wide of Canopy Growth.