Canopy Growth Corporation (CGC)
| Market Cap | 5.25B |
| Revenue (ttm) | 461.65M |
| Net Income (ttm) | -1.00B |
| Shares Out | 393.18M |
| EPS (ttm) | -2.76 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 5,344,826 |
| Open | 13.74 |
| Previous Close | 13.70 |
| Day's Range | 13.24 - 13.83 |
| 52-Week Range | 12.86 - 56.50 |
| Beta | 2.14 |
| Analysts | Hold |
| Price Target | 23.26 (+74.2%) |
| Est. Earnings Date | Nov 9, 2021 |
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 flowers, oils and concentrates, and softgel capsules. It offers its products under the Tweed, Quatreau, Deep Space, Spectrum Therapeutics, First & Free, TWD, This Works, BioSteel, DNA Genet...
Financial Performance
In 2020, Canopy Growth's revenue was 546.65 million, an increase of 37.08% compared to the previous year's 398.77 million. Losses were -1.74 billion, 32.1% more than in 2019.
Financial numbers in millions CADFinancial StatementsAnalyst Forecast
According to 20 analysts, the average rating for Canopy Growth stock is "Hold." The 12-month stock price forecast is 23.26, which is an increase of 74.23% from the latest price.
News
Canopy Growth buys edibles maker Wana for $298 million
David Klein, Canopy Growth CEO, joins 'Closing Bell' to discuss the company's recent deal for Wana and what it means for Canopy Growth moving forward.
Why Canadian cannabis companies have struggled in U.S. markets
CNBC's Frank Holland joins 'Squawk Box' from Toronto to explain why shares of Canadian cannabis companies have struggled in U.S. markets. Canada legalized cannabis three years ago, making it the largest...
CGC Stock Alert: 7 Things to Know About the Latest Canopy Growth Deal
Today, investors in Canopy Growth and CGC stock are buying into this cannabis player heavily as the company announced a key acquisition. The post CGC Stock Alert: 7 Things to Know About the Latest Canop...
Will Canopy Growth Stock See A Bounce, Trend Change Soon?
Canopy Growth Corp. (NASDAQ:CGC) shares are trading higher Thursday after the company announced that it plans to acquire Wana Brands. Canopy Growth stock was up 4.25% at $13.86 Thursday afternoon.
Why Tilray and Canopy Growth Were Among Rising Cannabis Stocks Today
Another acquisition agreement shows Canadian companies are positioning for a future legal U.S. market.
Why Canopy Growth Shares Are Moving Higher Today
Canopy Growth Corp (NASDAQ: CGC) is trading higher Thursday after the company announced that it plans to acquire Wana Brands. Wana manufactures and sells gummies in Colorado and licenses its intellectua...
Canopy Growth Will Buy Wana Brands, The #1 Cannabis Edibles Brand In North America
Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) acquired the right to buy Wana Brands, the number one cannabis edibles brand in the U.S. by market share, upon federal cannabis legalization. The canna...
Canopy eyes U.S. expansion with weed gummies maker Wana Brands' acquisition
Canada's Canopy Growth Corp said on Thursday it would buy weed gummies maker Wana Brands for $297.5 million, as the world's biggest pot producer looks to expand in the U.S. cannabis market.
Canopy Growth Announces Plan to Acquire Wana Brands, the #1 Cannabis Edibles Brand in North America
Transaction Strengthens Canopy Growth's U.S. Ecosystem and Increases U.S. Cannabis Market Exposure Upon Federal Permissibility SMITHS FALLS, ON and BOULDER, Colo., Oct. 14, 2021 /PRNewswire/ - Canopy Gr...
These Marijuana Stocks Have Investors Paying Close Attention Here's Why
These Marijuana Stocks Are Brining In More Attention From Potential Investors The post These Marijuana Stocks Have Investors Paying Close Attention Here's Why appeared first on Marijuana Stocks | Cannab...
Why Hexo, Tilray, Canopy Growth, and Sundial Stocks Are Glowing Green Today
One high-ranking federal banking insider calls marijuana legalization "a foregone conclusion."
Bullish Sentiment For Marijuana Stocks: Tilray, GrowGeneration & Canopy Growth Among Top Cannabis Movers For October ...
Charlottes Web Holdings (OTC:CWBHF) shares closed up 21.59% at $2.14 with an estimated market cap of $271.7M. CURE Pharmaceutical Hldg (OTC:CURR) shares closed up 15.86% at $0.65 with an estimated marke...
TLRY, SNDL, CGC, ACB: What Is Going on With Cannabis Stocks Today?
Despite disappointing earnings results from Tilray, cannabis stocks are on the move higher. Here's what investors should know.
Federal Regulators Want Congress To Pass Cannabis Banking Now
Federal Regulators Urge Congress To Pass The SAFE Banking Act The post Federal Regulators Want Congress To Pass Cannabis Banking Now appeared first on Marijuana Stocks | Cannabis Investments and News. R...
Canopy Growth Denies Cointreau's Accusations In Trademark Battle Over Quatreau Brand Name
In July, the French alcohol maker Remy Cointreau (OTC:REMYF) sued Canopy Growth Corporation (NYSE:CGC) (TSX:WEED) for alleged trademark infringement over its CBD-infused sparkling water brand dubbed Qua...
Why Green Thumb Industries, Canopy Growth, and OrganiGram Holdings Stocks All Popped Today
Pennsylvania plans to become the 19th state to legalize marijuana.
Top Canadian Marijuana Stocks To Buy? 2 For Your List Right Now To Start The Month
Top Canadian Pot Stocks In October 2021 The post Top Canadian Marijuana Stocks To Buy? 2 For Your List Right Now To Start The Month appeared first on Marijuana Stocks | Cannabis Investments and News. Ro...
Breaking: Canopy Growth Provides CBD For New Product Out Of Constellation Brands' Portfolio
Karma Water, a company with a portfolio of wellness and probiotic water beverages, has partnered with Canopy Growth Corporation (NYSE:CGC) to develop and launch a brand of CBD beverages called Karma CBD...
Karma Beverages Launches CBD Water - Next Evolution of Premium Infused Waters Portfolio
PITTSFORD, N.Y., Oct. 4, 2021 /PRNewswire/ -- Today, Karma Water announced the launch of Karma CBD Water.
Why Canopy Growth Stock Plunged in September
Optimism from Canopy Growth as well as a large investor isn't convincing analysts that company predictions will materialize.
Which Canadian Cannabis Producer Is Best Positioned To Enter The US?
After Thursday's approval of the Marijuana, Opportunity, Reinvestment and Expungement (MORE) Act of 2021 in a 26-15 vote in the House Judiciary Committee, BofA analyst Heather Balsky said in her most r...
Why Sundial, Canopy Growth, and Green Thumb Stocks Dropped Today
Bank of America thinks Canopy Growth is the best marijuana stock -- but it downgraded it anyway.
Why Canopy Growth Stock Looks Headed Toward A Reversal As MORE Act Advances Through The House
Despite the growing movement toward legalization, cannabis stocks have been unable to catch a break. Canopy Growth Corporation (NASDAQ:CGC) may have confirmed the bottom is finally in, however.
U.S. Cannabis Operators Facing Downward Pressure On Demand In Q4
Economist Beau Whitney is forecasting a return to normal growth for U.S. cannabis. Cannabis Cultivators, Processors & Retailers Will Face First-Ever Demand Slowdown in Q4 Massive growth in demand for ca...