Canopy Growth Corporation (CGC)
| Market Cap | 396.47M |
| Revenue (ttm) | 207.63M |
| Net Income (ttm) | -417.90M |
| Shares Out | 105.36M |
| EPS (ttm) | -4.94 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,894,911 |
| Open | 3.850 |
| Previous Close | 3.830 |
| Day's Range | 3.750 - 3.850 |
| 52-Week Range | 2.755 - 14.920 |
| Beta | 1.78 |
| Analysts | Sell |
| Price Target | 2.00 (-46.81%) |
| Earnings Date | Nov 8, 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]
Financial 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 $2.0.
News
The U.S. Cannabis Strategy No One's Talking About: Inside Canopy's $300M Plan
Canopy Growth Corporation‘s CGC strategy for capturing the U.S. cannabis market was the focal point of a recent fireside chat hosted by Zuanic & Associates . CEO David Klein and CFO Judy Hong provided...
Canopy Growth Launches Claybourne Infused Pre-Rolls in Canada
Canopy Growth brings the best of California's award winning Claybourne Pre-Roll Joint brand to adult-use consumers across Canada with the launch of 'Frosted Flyers' SMITHS FALLS, ON , Nov. 20, 2024 /P...
The Top Canadian Cannabis Stocks for November 2024 Growth
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Gaetz as Trump's AG seen as bullish for pot stocks, but confirmation looks unlikely
If controversial Republican Matt Gaetz manages to win confirmation as attorney general, his tenure at the Justice Department is expected to be positive for the cannabis industry.
Cannabis stock valuations and investments hobbled by regulatory uncertainties, experts say
A reality check around regulatory challenges facing the cannabis sector has taken hold among some of the leading financiers in the industry, as optimism around the promise of a legal market has faded.
Canopy Growth Corporation (CGC) Q2 2025 Earnings Call Transcript
Canopy Growth Corporation (CGC) Q2 2025 Earnings Call Transcript
Canopy Growth Reports Second Quarter Fiscal Year 2025 Financial Results
Storz & Bickel net revenue increased 32% year-over-year in Q2 FY2025 Continued growth across medical cannabis businesses, with net revenue increasing year-over-year by 16% in Canada and 12% in interna...
Cannabis stocks plunge after DeSantis, Griffin win Florida fight against weed legalization
Amendment 3 – which would have legalized the recreational use of marijuana in the state's constitution – failed to receive the 60% support needed to pass under Florida law.
Cannabis Stocks Collapse After Trump Win: Major Players See Double-Digit Declines At Wednesday's Close
Following Donald Trump's presidential election victory Tuesday, the cannabis sector took a sharp downturn.
Cannabis Stocks Plummet After Legalization Bid Fails in Florida
Shares of cannabis companies fell Wednesday after a ballot measure that would have legalized recreational marijuana in Florida failed to pass.
Cannabis stocks crater as Florida fails to garner needed votes for adult use
North Dakota and South Dakota also failed in their efforts to legalize cannabis for recreational use, while a medical measure passed in Nebraska.
Top Canadian Cannabis Stocks to Track as U.S. Legalization Heats Up
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3 Marijuana Stocks For Today's Trader
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Canopy Growth to Report Second Quarter Fiscal 2025 Financial Results on November 8, 2024
SMITHS FALLS, ON , Oct. 25, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) will release its financial results for the second quarter fiscal ...
Canopy Growth Further Improves Balance Sheet with Early Prepayment to Reduce Term Loan by US$100 Million and Ensures Maturity Extension to at Least December 2026
SMITHS FALLS, ON , Oct. 17, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the pow...
Top Marijuana Stocks For Making Gains In The Sector
When looking for top marijuana stocks what would a person look for or do? Like all things, you need to do your homework. Some various sectors and companies make up the cannabis industry. Progress and ...
Flora Growth Corp. Enters $94 million Australian Medical Cannabis Market with Canopy Growth Corp. Distribution Agreement for Storz & Bickel Vaporizers
Fort Lauderdale, Florida--(Newsfile Corp. - October 14, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce a distribution agreement with Canopy Gro...
Canopy Growth Confirms Canopy USA's Acquisition of Wana
Canopy USA is fulfilling its ambition of establishing a leading brand-focused cannabis company concentrated on state-legal markets and hemp-derived products across the U.S. SMITHS FALLS, ON , Oct. 9, ...
These Canadian Marijuana Stocks Could Be The Winners You Need
With most marijuana stocks still showing volatile trading is now the time to buy? Well, it's not such an easy answer as some may find the volatile behavior of marijuana stocks to be in their favor. Th...
Profit from the Green Wave: Top Cannabis Stocks to Watch
The cannabis sector has captivated investors, promising a green rush of potential profits. However, the path to profitability has been rocky, marked by regulatory hurdles, intense competition, and, at...
Canopy Growth Announces Results of Annual General Meeting
SMITHS FALLS, ON , Sept. 25, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) is pleased to announce today the voting results from its annual ...
Canopy Growth Announces Extension of Proxy Voting Deadline for Upcoming Annual General Meeting
Shareholders now have until September 24, 2024 at 9:00 a.m. (Eastern Time) to submit votes to help ensure a quorum is achieved Your Vote is Important!
Canadian Cannabis Stocks Set to Soar Right Now
The Canadian cannabis market remains a focal point for investors this week, especially with companies expanding into the U.S. market. Recently, the U.S. cannabis industry has shown remarkable growth, ...
Canopy Growth Urges Shareholders to Cast their Vote for the Upcoming Annual Meeting Today
Shareholders are Encouraged to Vote Well in Advance of the Proxy Deadline on September 20, 2024 at 1:00 p.m. (Eastern time) Company Releases Q&A About Annual Meeting Quorum Your Vote is Important!
Cannabis Stocks Get Boost as Trump Backs Easing Restrictions
Shares of Canopy Growth (CGC), Tilray Brands (TLRY), and other cannabis providers surged in intraday trading Monday after former President Donald Trump signaled his support for reducing restrictions o...