Acquisitions, savings and innovation: 6 cannabis stocks with significant potential

In the current cannabis industry, many key players are focusing on innovation and cost reduction to cope with financial challenges and remain competitive. Following financial turmoil that has led to significant revenue declines for some companies, these companies are looking to improve their financial health through extensive savings programs that can reach into the hundreds of millions of dollars.

While some companies are focusing on expanding in the pharmaceutical sector with "cannabinoid" based treatments and expanding their operations into the global market, others are focusing on stabilizing and growing in the recreational cannabis areas while launching new products.

Canopy Growth $CGC

Canopy Growth, as a cannabis pioneer, is constantly striving to innovate and reduce costs. After the financial turmoil of last year, which saw a 21% drop in revenue, the company is focused on improving its financial health with a cost-cutting strategy that includes savings of 270 to 300 million The…