Canopy Growth Corporation (CGC)

NASDAQ: CGC · IEX Real-Time Price · USD
1.81
0.00 (0.00%)
At close: Mar 29, 2023, 4:00 PM
1.82
+0.01 (0.55%)
Pre-market: Mar 30, 2023, 7:29 AM EDT
Market Cap 895.76M
Revenue (ttm) 321.87M
Net Income (ttm) -2.29B
Shares Out 494.89M
EPS (ttm) -5.43
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 4,311,060
Open 1.81
Previous Close 1.81
Day's Range 1.80 - 1.86
52-Week Range 1.80 - 8.64
Beta 2.28
Analysts Sell
Price Target 2.43 (+34.25%)
Earnings Date Feb 9, 2023

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 Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Fr... [Read more]

Sector Healthcare
CEO Mr. David Eric Klein
Employees 3,151
Stock Exchange NASDAQ
Ticker Symbol CGC
Full Company Profile

Financial Performance

In 2022, Canopy Growth's revenue was 520.33 million, a decrease of -4.82% compared to the previous year's 546.65 million. Losses were -302.18 million, -82.68% less than in 2021.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 23 analysts, the average rating for CGC stock is "Sell." The 12-month stock price forecast is $2.43, which is an increase of 34.25% from the latest price.

Price Target
$2.43
(34.25% upside)
Analyst Consensus: Sell
Stock Forecasts

News

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6 days ago - InvestorPlace

Acreage wins approval from British Columbia for Canopy Growth transaction and extends the exercise date by 60 days

U.S.-based cannabis company Acreage Holdings Inc. ACRDF, -4.82% ACRHF, -3.38% said Tuesday it has won final approval from the Supreme Court of British Columbia for its previously-announced floating sh...

1 week ago - Market Watch

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1 month ago - MarijuanaStocks

Canopy Growth announces agreement with institutional investor to purchase up to $150 million of convertible bonds

Canadian cannabis company Canopy Growth Corp. CGC, +2.87% WEED, +2.74% on Tuesday announced an agreement with an institutional investor to purchase up to $150 million of senior unsecured convertible b...

1 month ago - Market Watch

CANOPY GROWTH ANNOUNCES US$150 MILLION REGISTERED DIRECT OFFERING

SMITHS FALLS, ON , Feb. 21, 2023 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into an agreement (the "Agree...

1 month ago - PRNewsWire

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1 month ago - MarijuanaStocks

Canopy Growth Cutting 800 Jobs in Canada

Bruce Linton, founder and former CEO of Canopy Growth, joins BNN Bloomberg to give reaction to Canopy Growth's latest quarterly earnings. The marijuana grower is cutting 800 jobs.

1 month ago - Bloomberg Markets and Finance

Canopy Growth stock dives on earnings miss, restructuring plan

Yahoo Finance Live examines shares of cannabis brand Canopy Growth.

1 month ago - Yahoo Finance

Canopy Growth Layoffs 2023: What to Know About the Latest CGC Job Cuts

It looks like the 2023 layoff trend is spreading to the cannabis industry. Canopy Growth (NASDAQ: CGC) recently reported third-quarter earnings, revealing a disappointing period marked by declining r...

1 month ago - InvestorPlace

Canopy Growth Corporation (CGC) Reports Q3 Loss, Misses Revenue Estimates

Canopy Growth Corporation (CGC) delivered earnings and revenue surprises of -169.23% and 11.85%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the...

1 month ago - Zacks Investment Research

Canopy Growth lays off 800 as its slashes spending

Canopy Growth Corp. CGC, -2.84% said Thursday it plans to reduce headcount by 800 positions as part of an effort to cut costs. The cannabis company, which faces a challenging cannabis market in Canada...

1 month ago - Market Watch

Canopy Growth sheds assets in Canada, plans more layoffs

Canopy Growth Corp said on Thursday it would shed assets in Canada and reduce its workforce by about 60% as part of the pot producer's efforts to reduce costs and turn profitable.

1 month ago - Reuters

Canopy Growth Reports Third Quarter Fiscal Year 2023 Financial Results and Announces Canadian Business Transformation Plan

Company takes firm actions to transform Canadian business to enable growth and profitability Announces cost reduction program of additional $140-$160 million to be realized over the next 12 months Res...

1 month ago - PRNewsWire

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Will Canopy Growth Corporation (CGC) Report Negative Earnings Next Week? What You Should Know

Canopy Growth Corporation (CGC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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