NASDAQ: CGC · IEX Real-Time Price · USD
7.54
-0.05 (-0.72%)
Jun 13, 2024, 1:43 PM EDT - Market open
-0.72% (1D)
| Market Cap | 572.62M |
| Revenue (ttm) | 218.49M |
| Net Income (ttm) | -483.29M |
| Shares Out | 76.20M |
| EPS (ttm) | -6.39 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,162,054 |
| Open | 7.62 |
| Previous Close | 7.59 |
| Day's Range | 7.38 - 7.72 |
| 52-Week Range | 2.76 - 19.20 |
| Beta | 1.74 |
| Analysts | Sell |
| Price Target | 5.80 (-23.03%) |
| Earnings Date | Aug 7, 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 the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments. The company offers dried flower, pre-rolled joints, oils, softgel capsules, infused beverages, edibles comprising gummies, and topical formats, as well as vaporizer devices. It sells its products und... [Read more]
Industry
Sector Healthcare
CEO David Eric Klein
Employees 1,029
Stock Exchange NASDAQ
Ticker Symbol CGC
Full Company Profile
Financial Performance
In 2023, Canopy Growth's revenue was 297.15 million, a decrease of -10.83% compared to the previous year's 333.25 million. Losses were -657.27 million, -79.95% less than in 2022.
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 -23.03% from the latest price.
Price Target
$5.8
(-23.03% downside)
Analyst Consensus: Sell
Stock Forecasts
News
Canopy Growth just proposed stock sale: find out more
Canopy Growth Corp (NASDAQ: CGC) says it has established an “at-the-market equity program”. Shares of the cannabis firm are in the red at writing.
7 days ago - Invezz
Canopy Growth shares fall after company proposes $250 million stock sale
Canopy Growth Corp.'s stock slid 4% early Thursday, after the Canadian cannabis company said it has set up a $250 million at-the-market equity offering.
7 days ago - Market Watch
Canopy Growth Establishes US$250 Million At-The-Market Program To Further Enhance the Company's Financial Position And Facilitate Growth
SMITHS FALLS, ON , June 6, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC),a world-leading cannabis company dedicated to unleashing the powe...
7 days ago - PRNewsWire
How the Biden administration could help these cannabis stocks grow
U.S. reclassifying marijuana would give companies a tax break and more cash to spend
Other symbols: ACBCRONTLRY
7 days ago - Market Watch
June 2024 Watchlist: Top Canadian Cannabis Stocks to Watch
As the cannabis industry continues to grow, investors are closely watching top Canadian marijuana stocks this week. The global cannabis market is projected to reach $73.6 billion by 2027, with the U.S...
Other symbols: CRONTLRY
9 days ago - MarijuanaStocks
Canopy Growth Announces Exercise of Acreage Options Paving the Way for Acquisition by Canopy USA
Canopy USA completes acquisition of Jetty and advances acquisition of Wana SMITHS FALLS, ON , June 4, 2024 /PRNewswire/ -Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASD...
9 days ago - PRNewsWire
Top Canadian Marijuana Stocks To Watch Right Now 2024
Marijuana stock investors are seeing the continued volatile action in the sector. There are more unknowns regarding reform and regulations that lead to more speculative trading. Still, the interest in...
Other symbols: ACBTLRY
13 days ago - MarijuanaStocks
Canopy Growth loss narrows as operating expenses drop
Canopy Growth Corp.'s stock CGC, was up fractionally in premarket trading on Thursday after the Canadian cannabis company reported a lower loss on higher revenue and lower expenses. Canopy Growth's fo...
14 days ago - Market Watch
Canopy Growth Reports Fourth Quarter and Fiscal Year 2024 Financial Results; Q4 FY2024 Net Revenue increased 7% year-over-year, or 16% excluding divested businesses
Storz & Bickel® delivered its best Q4 revenue quarter, with net revenue increasing 43% as compared to Q4 2023 Canada medical cannabis net revenue increased 16% in Q4 FY2024 and 10% in FY2024 year-over...
14 days ago - PRNewsWire
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
23 days 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
27 days ago - Yahoo Finance
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...
4 weeks ago - PRNewsWire
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
4 weeks ago - Market Watch
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
4 weeks 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
4 weeks ago - Schwab Network
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
4 weeks ago - MarijuanaStocks
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
4 weeks ago - MarijuanaStocks
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...
5 weeks ago - Market Watch
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 ...
5 weeks ago - PRNewsWire
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...
5 weeks ago - PRNewsWire
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
6 weeks ago - Market Watch
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
6 weeks ago - Invezz
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
6 weeks ago - Market Watch
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
6 weeks 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
6 weeks ago - Schwab Network
