Canopy Growth Corporation (CGC)

NASDAQ: CGC · IEX Real-Time Price · USD
7.85
-0.08 (-1.01%)
At close: Apr 22, 2024, 4:00 PM
7.83
-0.02 (-0.25%)
After-hours: Apr 22, 2024, 7:56 PM EDT
-1.01%
Market Cap 715.25M
Revenue (ttm) 248.53M
Net Income (ttm) -959.81M
Shares Out 91.11M
EPS (ttm) -15.85
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 6,673,364
Open 8.22
Previous Close 7.93
Day's Range 7.63 - 8.36
52-Week Range 2.76 - 19.20
Beta 2.03
Analysts Sell
Price Target 7.20 (-8.28%)
Earnings Date Feb 9, 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 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 David Eric Klein
Employees 1,621
Stock Exchange NASDAQ
Ticker Symbol CGC
Full Company Profile

Financial Performance

In 2022, Canopy Growth's revenue was 402.90 million, a decrease of -21.05% compared to the previous year's 510.32 million. Losses were -3.28 billion, 957.3% more than in 2021.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CGC stock is "Sell." The 12-month stock price forecast is $7.2, which is a decrease of -8.28% from the latest price.

Price Target
$7.2
(-8.28% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Constellation Brands moves itself further away from cannabis grower Canopy Growth's business

Alcoholic-beverage giant Constellation Brands Inc. on Thursday announced a number of moves intended to further distance itself from struggling Canadian cannabis producer Canopy Growth Corp., following...

Other symbols: STZ
4 days ago - Market Watch

Canopy Growth Announces CBI Conversion to Exchangeable Shares and Newly Constituted Board of Directors

Conversion of Greenstar Promissory Note into Exchangeable Shares further improves Canopy's balance sheet through the elimination of short term debt, reduces overall debt balance by C$100MM SMITHS FALL...

4 days ago - PRNewsWire

April 2024's Hot Picks: Top Canadian Cannabis Stocks To Watch Now

As we move into mid-April 2024, Canadian marijuana stocks are capturing the attention of investors, given the ongoing developments and shifts in the global cannabis market. Stocks like Tilray, Canopy ...

Other symbols: ACBTLRY
6 days ago - MarijuanaStocks

CANOPY GROWTH ANNOUNCES RESULTS OF SPECIAL MEETING OF SHAREHOLDERS

Shareholders overwhelmingly approve the creation of a new class of Exchangeable Shares of Canopy Growth, enabling the acceleration of Canopy Growth's entry into the U.S. THC market, which is expected ...

7 days ago - PRNewsWire

These Marijuana Stocks Could Begin To Rise Again?

Marijuana stock investors are seeing the future of cannabis and investing transforming. What does this mean exactly? So from earlier on in the green rush most marijuana stocks traded as if they were n...

Other symbols: TLRYVFF
10 days ago - MarijuanaStocks

Weed Stocks Are in the Green Again

From last summer's low, the Pure US Cannabis ETF has doubled, to a recent $10.25.

Other symbols: ACBCRONTLRY
18 days ago - Barrons

Cannabis Stocks on the Rise After Approval on Florida Ballot

Cannabis stocks rally as Florida Supreme Court approves the legalization proposal for ballot. Aurora (ACB) is up over 20% today.

Other symbols: ACBTLRY
20 days ago - Schwab Network

Canopy Growth wins ISS support for vote to pave way for entry into U.S. cannabis market

Canopy Growth Corp.'s stock fell Monday from recent gains after Institutional Shareholder Services recommended shareholders of the cannabis company approve a measure that would clear the way for the c...

21 days ago - Market Watch

The Big Problem for Marijuana Companies? What to Do With All That Cash

Few banks will work with cannabis upstarts—but some lawmakers hope to change that this year.

Other symbols: ACBCRONTLRY
21 days ago - WSJ

INDEPENDENT PROXY ADVISOR, INSTITUTIONAL SHAREHOLDER SERVICES ("ISS"), RECOMMENDS CANOPY GROWTH SHAREHOLDERS VOTE FOR THE CREATION OF EXCHANGEABLE SHARES TO FURTHER THE ADVANCEMENT OF CANOPY USA

Shareholders are encouraged to vote well in advance of the proxy voting deadline on April 10, 2024 at 1:00 p.m. Eastern Time (Toronto time) For any questions or assistance with voting, shareholders sh...

21 days ago - PRNewsWire

April 2024's Green Giants: Leading Stocks in the Cannabis Sector

As April 2024 approaches, investors watch the marijuana stock market for potential momentum. The cannabis industry, especially in the U.S., has seen significant growth, driven by legislative advanceme...

Other symbols: FLGC
22 days ago - MarijuanaStocks

It's time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.

That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.

25 days ago - Market Watch

Canopy Growth rally continues with 28% gain after recent talk about federal cannabis reforms

Canopy Growth Corp.'s stock continued its rally on Wednesday with a fresh rise of 28% on heavier-than-usual volume.

26 days ago - Market Watch

Top Picks: Canadian Cannabis Giants Set to Flourish in Q2 2024

As we continue Q2 2024, Canadian cannabis stocks are catching investors' eyes. This interest isn't just a trend. It's backed by solid growth in the global cannabis industry. Recent stats show remarkab...

Other symbols: CRONSNDL
27 days ago - MarijuanaStocks

Canopy Growth: CGC stock in focus as cannabis decriminalization talks gain momentum

Canopy Growth Corporation (CGC) stock closed at $7.69 and is up $1.15 during pre-market trading. Pre-market trading tends to be more volatile due to significantly lower volume as most investors only t...

4 weeks ago - Invezz

The Marijuana Stocks Could See A Rise This Week

People who have been investing in marijuana stocks could soon a big change. Now this change is more from an industry standpoint which can in turn help how marijuana stocks trade. As most publicly trad...

Other symbols: CRONOGI
4 weeks ago - MarijuanaStocks

Pot Stocks: The Mary Jane Trade Is Lit

Cannabis stocks traded higher today as Germany approved partial legalization. Adults would be able to carry up to 25G of cannabis in public.

Other symbols: ACBLFLYTLRY
4 weeks ago - Schwab Network

Canopy Growth's stock doubles to record weekly gain after Germany votes to legalize pot

Canopy Growth Corp.'s stock has now doubled for its best week ever, with an added push coming after a historic vote in Germany on Friday in favor of decriminalizing cannabis.

4 weeks ago - Market Watch

CANOPY GROWTH CELEBRATES PASSAGE OF CANNABIS LEGALIZATION IN GERMANY

Removal of narcotic status for cannabis expected to accelerate growth of the German medical cannabis market  SMITHS FALLS, ON , March 22, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth"...

4 weeks ago - PRNewsWire

Cannabis stocks fall but hold onto big gains from the week on brighter federal reform prospects

Cannabis stocks cooled off Thursday but held onto big gains from the past week on the heels of positive comments from the Biden administration on reclassifying cannabis from a Schedule I controlled su...

Other symbols: ACBCRONTLRY
4 weeks ago - Market Watch

Canadian Cannabis Stocks to Watch in Mid-March 2024

As we turn our attention to the Canadian cannabis sector and top marijuana stocks this week, it's hard not to notice the buzz it's creating among investors. With Canada leading the charge in legalizin...

Other symbols: TLRYVFF
4 weeks ago - MarijuanaStocks

Aurora Cannabis, Canopy Growth, Curaleaf stocks spiked: here's why

It is a good Monday for Cannabis stocks. Canopy Growth (CGC), Curaleaf (CURLF),  and Aurora Cannabis (ACB) stock prices surged by more than 10% in the pre-market session.

Other symbols: ACBCURLF
5 weeks ago - Invezz

Top Canadian Cannabis Stocks 2024: Ultimate Investment Guide

This week is shaping up to be an intriguing one for Canadian marijuana stocks, with several names catching the eyes of investors. As the industry forges ahead, these companies are emerging as ones to ...

Other symbols: CRON
5 weeks ago - MarijuanaStocks

INDEPENDENT PROXY ADVISOR, GLASS LEWIS, RECOMMENDS CANOPY GROWTH SHAREHOLDERS VOTE FOR THE CREATION OF EXCHANGEABLE SHARES TO FURTHER THE ADVANCEMENT OF CANOPY USA

Shareholders are encouraged to vote well in advance of the proxy voting deadline on April 10, 2024 at 1:00 p.m. Eastern Time (Toronto time) For any questions or assistance with voting, shareholders sh...

5 weeks ago - PRNewsWire

CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARES

SMITHS FALLS, ON , March 11, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC) today announced additional details with respect to the previousl...

6 weeks ago - PRNewsWire