Unfortunately, it appears to be mostly misinformation. Noah Smith lays out quite well why Cuba's poor state is mainly due to poor policy of the single party state: https://www.noahpinion.blog/p/why-cuba-is-having-an-economic...
Additionally, just skimming the wiki page about Cuba's economy points out how false the embargo narrative is: Cubas top export partners are China, Spain, Netherlands, and Germany. Cuba's top import partners are: Spain, China, Italy, Canada, Brazil, and... The US.
Source: https://en.m.wikipedia.org/wiki/Economy_of_Cuba
It's ironic that there's a comment here supporting the misinformation about the embargo that points out how this state of affairs lasts because of manufacturing consent while it itself appears to be a result of manufacturing consents in the theme of "America Bad"