Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (2024)

Table of Contents
About CGC Financial Performance Analyst Forecast News Best Canadian Cannabis Stocks to Watch Right Now Weed stocks pop as Biden backs marijuana reclassification Canopy Growth to Report Fourth Quarter and Fiscal Year 2024 Financial Results on May 30, 2024 Card payments remain a ‘challenge' for legal cannabis as major banks avoid the sector. Changing classification won't help. May 2024 Watchlist: Top Canadian Cannabis Stocks Heating Up the Market Pot Stocks Going Higher In 2024? This Is How Marijuana Stocks Will Be Impacted By Reform In 2024 Ready To Invest? Here Are 3 Top Marijuana Stocks For You Canopy Growth exercises options to buy Wana Brands and Jetty Extracts as it moves into the U.S. Canopy Growth Confirms Canopy USA's Exercise of Options to Acquire Wana and Jetty Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross Proceeds Cannabis stocks settle down after rally on plans to reclassify pot as less dangerous Here's the risk for buying TLRY, CGC, MSOS, and SNDL stocks U.S. poised to ease restrictions on marijuana in historic shift, though it'll remain controlled substance US plans to reclassify cannabis as less dangerous drug Pot Stocks Rally as DEA Moves to Reclassify Marijuana as Less Dangerous Drug Cannabis Stocks Spike Following Reports Marijuana Will Be Reclassified As Less Dangerous Drug Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug US drug enforcers to ease restrictions on cannabis, AP reports Cannabis stocks rally as AP reports imminent rescheduling proposal by DEA Top Canadian Cannabis Contenders: Stocks to Watch Before May 2024 Top Canadian Marijuana Stocks To Invest In For Big Gains Constellation Brands moves itself further away from cannabis grower Canopy Growth's business Canopy Growth Announces CBI Conversion to Exchangeable Shares and Newly Constituted Board of Directors April 2024's Hot Picks: Top Canadian Cannabis Stocks To Watch Now

NASDAQ: CGC · IEX Real-Time Price · USD

9.90

-0.21 (-2.08%)

May 22, 2024, 12:49 PM EDT - Market open

-2.08% (1D)

Market Cap 741.89M
Revenue (ttm) 248.53M
Net Income (ttm) -959.81M
Shares Out 75.05M
EPS (ttm) -15.89
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 2,826,914
Open 10.14
Previous Close 10.11
Day's Range 9.72 - 10.14
52-Week Range 2.76 - 19.20
Beta 1.85
Analysts Sell
Price Target 5.80 (-41.41%)
Earnings Date May 30, 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]

Industry

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 2 analysts, the average rating for CGC stock is "Sell." The 12-month stock price forecast is $5.8, which is a decrease of -41.41% from the latest price.

Price Target

$5.8

(-41.41% downside)

Analyst Consensus: Sell

Stock Forecasts

News

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (1)

Best Canadian Cannabis Stocks to Watch Right Now

As Memorial Day weekend approaches, investors are eyeing top Canadian marijuana stocks. These stocks have shown potential for significant growth. The global cannabis industry is expected to be worth o...

Other symbols: ACBOGI

1 day ago - MarijuanaStocks

Weed stocks pop as Biden backs marijuana reclassification

Cannabis stocks are rising after President Joe Biden publicly endorsed the Justice Department's recommendation to loosen restrictions on marijuana, reclassified from a Schedule I to a Schedule III dru...

Other symbols: ACBCURLFSNDLTLRY

5 days ago - Yahoo Finance

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (2)

Canopy Growth to Report Fourth Quarter and Fiscal Year 2024 Financial Results on May 30, 2024

SMITHS FALLS, ON , May 16, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the powe...

6 days ago - PRNewsWire

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (3)

Card payments remain a ‘challenge' for legal cannabis as major banks avoid the sector. Changing classification won't help.

When Ellis Soodak was planning the launch of Verdi Cannabis dispensary in New York City, he didn't want to face the dangers his father did at the family's liquor store in the 1970s and 80s.

Other symbols: MAPYPLVACBCRONTLRY

7 days ago - Market Watch

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (4)

May 2024 Watchlist: Top Canadian Cannabis Stocks Heating Up the Market

As we explore the bustling Canadian cannabis market, several marijuana stocks stand out this week, warranting a closer look. These companies, thriving amid a globally expanding industry, have shown re...

Other symbols: TLRYVFF

8 days ago - MarijuanaStocks

Pot Stocks Going Higher In 2024?

How will rescheduling cannabis impact pot stocks? Dan Ahrens expects a domino effect of various federal level reforms to clarify medical and adult use legality.

Other symbols: ACBCRONTLRY

8 days ago - Schwab Network

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (5)

This Is How Marijuana Stocks Will Be Impacted By Reform In 2024

As the cannabis industry continues its growth in 2024, a confluence of regulatory, demographic, and market trends is shaping the sector. This has presented a fertile ground for savvy investors. Here's...

Other symbols: CRLBFGNLNACBCRONTLRY

11 days ago - MarijuanaStocks

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (6)

Ready To Invest? Here Are 3 Top Marijuana Stocks For You

What will happen to marijuana stocks if cannabis does not get rescheduled? Some see this as a possibility and investors want to be prepared. With all the recent talks of cannabis being dropped from a ...

Other symbols: TLRYVFF

12 days ago - MarijuanaStocks

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (7)

Canopy Growth exercises options to buy Wana Brands and Jetty Extracts as it moves into the U.S.

Canopy Growth Corp. CGC, -5.08%, the Canadian cannabis company, said Tuesday it would exercise its options to buy two U.S. marijuana companies as part of its effort to allow its Canopy USA unit to “re...

15 days ago - Market Watch

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (8)

Canopy Growth Confirms Canopy USA's Exercise of Options to Acquire Wana and Jetty

SMITHS FALLS, ON , May 7, 2024 /PRNewswire/ -Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) today confirmed that Canopy USA, LLC ("Canopy USA ") has exercised ...

15 days ago - PRNewsWire

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (9)

Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross Proceeds

C$27.5 Millon of Debt Extended from 2025 to 2029 Providing Additional Balance Sheet Flexibility SMITHS FALLS, ON , May 3, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company...

19 days ago - PRNewsWire

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (10)

Cannabis stocks settle down after rally on plans to reclassify pot as less dangerous

Canopy Growth Corp. and Tilray Brands Inc. stocks made more modest moves on Wednesday after a huge rally in the previous session on plans by the Biden administration to reclassify pot as less dangerou...

Other symbols: ACBCRONTLRY

21 days ago - Market Watch

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (11)

Here's the risk for buying TLRY, CGC, MSOS, and SNDL stocks

Cannabis stocks have gone parabolic. Tilray Brands (TLRY) stock jumped by over 39% on Tuesday while Canopy Growth (CGC) soared by over 78%.

Other symbols: TLRYMSOSSNDL

21 days ago - Invezz

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (12)

U.S. poised to ease restrictions on marijuana in historic shift, though it'll remain controlled substance

WASHINGTON — The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated Press has learned, a historic shift to generations of American drug pol...

Other symbols: ACBCRONMSOSTLRY

21 days ago - Market Watch

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (13)

US plans to reclassify cannabis as less dangerous drug

The US is planning to reclassify cannabis as a less dangerous drug in an historic shift that could have a significant impact across the country.

Other symbols: ACBCRONMSOSTLRY

21 days ago - Skynews

Pot Stocks Rally as DEA Moves to Reclassify Marijuana as Less Dangerous Drug

Pot stocks rally as the DEA moves to reclassify marijuana as a less dangerous drug. Renita Young discusses this as the DEA's proposal needs to be reviewed by the White House Office of Management and B...

Other symbols: ACBCRONCURLFMSOSSNDLTLRY

21 days ago - Schwab Network

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (14)

Cannabis Stocks Spike Following Reports Marijuana Will Be Reclassified As Less Dangerous Drug

Cannabis company stocks skyrocketed Tuesday following multiple reports marijuana will be reclassified to a less dangerous drug schedule, which could broaden the substance's medical usage and cut down ...

Other symbols: ACBAMHTLRY

21 days ago - Forbes

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (15)

Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug

Shares of cannabis companies surged on Tuesday afternoon after the U.S. Department of Justice (DoJ) moved to reclassify marijuana as a less dangerous drug.

Other symbols: CRONGTBIFMSOSTCNNFTLRYYOLO

21 days ago - Reuters

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (16)

US drug enforcers to ease restrictions on cannabis, AP reports

The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated Press reported on Tuesday, citing five people familiar with the matter.

Other symbols: ACBCRONTLRY

21 days ago - Reuters

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (17)

Cannabis stocks rally as AP reports imminent rescheduling proposal by DEA

Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose the lowering of cannabis to a Schedule III controlled ...

Other symbols: CRLBFCRONCURLFGTBIFMJMSOSTCNNF

21 days ago - Market Watch

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (18)

Top Canadian Cannabis Contenders: Stocks to Watch Before May 2024

The global cannabis industry and top marijuana stocks are poised for significant growth, driven by increasing legalization and medical use. Furthermore, experts predict a compound annual growth rate o...

Other symbols: ACB

24 days ago - MarijuanaStocks

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (19)

Top Canadian Marijuana Stocks To Invest In For Big Gains

The cannabis industry has rapidly become a significant sector within the stock market, attracting a diverse array of investors. Yet marijuana stocks are notorious for their volatility, influenced heav...

Other symbols: CRONTLRY

4 weeks ago - MarijuanaStocks

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (20)

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 weeks ago - Market Watch

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (21)

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 weeks ago - PRNewsWire

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (22)

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

5 weeks ago - MarijuanaStocks

Canopy Growth Corporation (CGC) Stock Price, Quote & News - Stock Analysis (2024)
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