Canopy Growth Corporation (CGC)
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]
Full Company ProfileFinancial 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 StatementsAnalyst 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.
News

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

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...

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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.
Canopy Growth stock dives on earnings miss, restructuring plan
Yahoo Finance Live examines shares of cannabis brand Canopy Growth.

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...

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...

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...

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.

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...

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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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