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Canopy Growth Corporation (CGC)

NASDAQ: CGC · IEX Real-Time Price · USD
13.33
-0.02 (-0.15%)
After-hours:Oct 15, 2021 7:59 PM EDT
13.35
-0.35 (-2.55%)
At close: Oct 15, 4:00 PM
Market Cap5.25B
Revenue (ttm)461.65M
Net Income (ttm)-1.00B
Shares Out393.18M
EPS (ttm)-2.76
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume5,344,826
Open13.74
Previous Close13.70
Day's Range13.24 - 13.83
52-Week Range12.86 - 56.50
Beta2.14
AnalystsHold
Price Target23.26 (+74.2%)
Est. Earnings DateNov 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...

IndustryPharmaceuticals
CEODavid Klein
Employees3,259
Stock ExchangeNASDAQ
Ticker SymbolCGC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$23.26
(74.23% upside)
Analyst Consensus: Hold

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.

15 hours ago - CNBC Television

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...

Other symbols:ACBCRONHEXO
23 hours ago - CNBC Television

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...

1 day ago - InvestorPlace

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.

1 day ago - Benzinga

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.

Other symbols:TLRY
1 day ago - The Motley Fool

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...

1 day ago - Benzinga

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...

1 day ago - Benzinga

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.

2 days ago - Reuters

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...

2 days ago - PRNewsWire

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...

Other symbols:TLRY
3 days ago - MarijuanaStocks

Why Hexo, Tilray, Canopy Growth, and Sundial Stocks Are Glowing Green Today

One high-ranking federal banking insider calls marijuana legalization "a foregone conclusion."

Other symbols:HEXOSNDLTLRY
1 week ago - The Motley Fool

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...

Other symbols:GRWGTLRY
1 week ago - Benzinga

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.

Other symbols:TLRY
1 week ago - InvestorPlace

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...

Other symbols:ACBCRONTLRY
1 week ago - MarijuanaStocks

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...

1 week ago - Benzinga

7 Most-Hated Stocks on Wall Street That Are Actually Hidden Gems

Which out-of-favor, most-hated stocks look like great buys right now? These knocked-down names may have a chance to climb again.

Other symbols:BABABBBYMMMNNDMTWISH
1 week ago - InvestorPlace

Why Green Thumb Industries, Canopy Growth, and OrganiGram Holdings Stocks All Popped Today

Pennsylvania plans to become the 19th state to legalize marijuana.

Other symbols:GTBIFOGI
1 week ago - The Motley Fool

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...

Other symbols:ACB
1 week ago - MarijuanaStocks

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...

Other symbols:STZ
1 week ago - Benzinga

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.

1 week ago - PRNewsWire

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.

1 week ago - The Motley Fool

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...

2 weeks ago - Benzinga

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.

Other symbols:GTBIFSNDL
2 weeks ago - The Motley Fool

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.

2 weeks ago - Benzinga

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...

Other symbols:ACBCRONTLRY
2 weeks ago - Benzinga