Canopy Growth Corp. led another mass selloff in the Canadian cannabis space after an earnings miss had investors once again looking for a bottom in the battered sector. Both retail and institutional investors have called the bottom on the cannabis industry multiple times through an eight-month-long bear market that has seen the North American Marijuana Index shed almost 60 per cent of its value. Finding a bottom in cannabis stocks has proven to be challenging, given the constant cycle of bad news, including a lack of profitability, significant writedowns and dwindling cash reserves and withdrawn guidance. (See also: Sliding pot prices are leaving cannabis producers vulnerable to writedowns | Canopy Growth, Aurora post steep losses, revenue declines as legal cannabis sector falters)