eight capital analyst ty collin on wednesday cut his price target for canadian cannabis company canopy growth corp cgc weed to 0 from c175 132 a share and reiterated a sell rating on the stock canopy growth stock fell about 22 to 46 cents a share on wednesday “we believe it is no longer appropriate to value canopy as a going concern” collin said in a research note the company which issued a going concern warning last month now has less than 12 months of cash runway a lack of financing alternatives and large ongoing losses with no clear path to profitability collin said “with the recent bankruptcy of leading cannabis retailer fire  flower and the distressed sale of hexo to tilray tlry tlry  we think investors should be awake to the fact that no canadian cannabis company is too big to fail in this environment”