Canopy Growth Corporation (CGC)
| Market Cap | 477.00M |
| Revenue (ttm) | 218.49M |
| Net Income (ttm) | -483.29M |
| Shares Out | 76.20M |
| EPS (ttm) | -6.43 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,577,111 |
| Open | 6.35 |
| Previous Close | 6.39 |
| Day's Range | 6.20 - 6.39 |
| 52-Week Range | 2.76 - 19.20 |
| Beta | 1.74 |
| Analysts | Sell |
| Price Target | 6.60 (+5.43%) |
| Earnings Date | Aug 7, 2024 |
About CGC
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments. The company offers dried flower, pre-rolled joints, oils, softgel capsules, infused beverages, edibles comprising gummies, and topical formats, as well as vaporizer devices. It sells its products und... [Read more]
Full Company ProfileFinancial Performance
In 2023, Canopy Growth's revenue was 297.15 million, a decrease of -10.83% compared to the previous year's 333.25 million. Losses were -657.27 million, -79.95% less than in 2022.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to one analyst, the rating for CGC stock is "Sell" and the 12-month stock price forecast is $6.6.
News
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Canopy Growth just proposed stock sale: find out more
Canopy Growth Corp (NASDAQ: CGC) says it has established an “at-the-market equity program”. Shares of the cannabis firm are in the red at writing.
Canopy Growth shares fall after company proposes $250 million stock sale
Canopy Growth Corp.'s stock slid 4% early Thursday, after the Canadian cannabis company said it has set up a $250 million at-the-market equity offering.
Canopy Growth Establishes US$250 Million At-The-Market Program To Further Enhance the Company's Financial Position And Facilitate Growth
SMITHS FALLS, ON , June 6, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC), a world-leading cannabis company dedicated to unleashing the powe...
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As the cannabis industry continues to grow, investors are closely watching top Canadian marijuana stocks this week. The global cannabis market is projected to reach $73.6 billion by 2027, with the U.S...
Canopy Growth Announces Exercise of Acreage Options Paving the Way for Acquisition by Canopy USA
Canopy USA completes acquisition of Jetty and advances acquisition of Wana SMITHS FALLS, ON , June 4, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASD...
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Canopy Growth loss narrows as operating expenses drop
Canopy Growth Corp.'s stock CGC, was up fractionally in premarket trading on Thursday after the Canadian cannabis company reported a lower loss on higher revenue and lower expenses. Canopy Growth's fo...
Canopy Growth Reports Fourth Quarter and Fiscal Year 2024 Financial Results; Q4 FY2024 Net Revenue increased 7% year-over-year, or 16% excluding divested businesses
Storz & Bickel® delivered its best Q4 revenue quarter, with net revenue increasing 43% as compared to Q4 2023 Canada medical cannabis net revenue increased 16% in Q4 FY2024 and 10% in FY2024 year-over...
Best Canadian Cannabis Stocks to Watch Right Now
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Weed stocks pop as Biden backs marijuana reclassification
Cannabis stocks are rising after President Joe Biden publicly endorsed the Justice Department's recommendation to loosen restrictions on marijuana, reclassified from a Schedule I to a Schedule III dru...
Canopy Growth to Report Fourth Quarter and Fiscal Year 2024 Financial Results on May 30, 2024
SMITHS FALLS, ON , May 16, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the powe...
Card payments remain a ‘challenge' for legal cannabis as major banks avoid the sector. Changing classification won't help.
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Pot Stocks Going Higher In 2024?
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This Is How Marijuana Stocks Will Be Impacted By Reform In 2024
As the cannabis industry continues its growth in 2024, a confluence of regulatory, demographic, and market trends is shaping the sector. This has presented a fertile ground for savvy investors. Here's...
Ready To Invest? Here Are 3 Top Marijuana Stocks For You
What will happen to marijuana stocks if cannabis does not get rescheduled? Some see this as a possibility and investors want to be prepared. With all the recent talks of cannabis being dropped from a ...
Canopy Growth exercises options to buy Wana Brands and Jetty Extracts as it moves into the U.S.
Canopy Growth Corp. CGC, -5.08%, the Canadian cannabis company, said Tuesday it would exercise its options to buy two U.S. marijuana companies as part of its effort to allow its Canopy USA unit to “re...
Canopy Growth Confirms Canopy USA's Exercise of Options to Acquire Wana and Jetty
SMITHS FALLS, ON , May 7, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) today confirmed that Canopy USA, LLC ("Canopy USA ") has exercised ...
Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross Proceeds
C$27.5 Millon of Debt Extended from 2025 to 2029 Providing Additional Balance Sheet Flexibility SMITHS FALLS, ON , May 3, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company...
Cannabis stocks settle down after rally on plans to reclassify pot as less dangerous
Canopy Growth Corp. and Tilray Brands Inc. stocks made more modest moves on Wednesday after a huge rally in the previous session on plans by the Biden administration to reclassify pot as less dangerou...
Here's the risk for buying TLRY, CGC, MSOS, and SNDL stocks
Cannabis stocks have gone parabolic. Tilray Brands (TLRY) stock jumped by over 39% on Tuesday while Canopy Growth (CGC) soared by over 78%.