WEED.TO - Canopy Growth Corporation

Toronto - Toronto Delayed Price. Currency in CAD
57.11
+1.56 (+2.81%)
As of 3:59PM EDT. Market open.
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Previous Close55.55
Open57.40
Bid57.07 x 0
Ask57.07 x 0
Day's Range55.95 - 57.75
52 Week Range27.00 - 76.68
Volume10,020,048
Avg. Volume2,896,142
Market Cap19.629B
Beta (3Y Monthly)4.76
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • TheStreet.com2 minutes ago

    Canopy Growth Makes $3.4 Billion Play for U.S Cannabis Group Acreage Holdings

    The deal would give Canada-based Canopy 100% ownership of Acreage and value the New York, NY-based group at around $3.4 billion. If completed and approved by shareholders, Acreage investors would be paid $2.55 per share upfront, valued at $300 million and a further consideration of 0.5818 Canopy shares once the deal is completed. The deal would also give Acreage access to Canopy's intellectual property and marketing in a move to drive growth in a business that already has licenses or agreements in 19 U.S. states.

  • MarketWatch13 minutes ago

    Canopy confirms $3.4 billion deal to buy Acreage, once cannabis becomes legal in the U.S.

    Canada-based Canopy Growth Corp. confirmed Thursday a deal for the right to buy New York-based Acreage Holdings Inc. in a deal that valued at $3.4 billion, when the production and sale cannabis becomes federally legal in the U.S. Canopy's stock soared 8.7% in premarket trade. MarketWatch had reported Wednesday, citing a source familiar with the negotiations, that the deal for the rights to buy Acreage was "98% done." Canopy said the purchase price represents a 41.7% premium over the 30-day volume-weighted average price of Acreage's subordinate voting shares. The deal includes a $150 million termination fee, payable by Acreage. "Today we announce a complex transaction with a simple objective," said Canopy Chief Executive Bruce Linton. "Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists." Canopy's stock has run up 59.5% year to date through Wednesday and Acreage's stock has climbed 17.5%, while the ETFMG Alternative Harvest ETF has rallied 36.7% and the S&P 500 has gained 15.7%.

  • Corona and Canopy: A mix of beer and pot that could juice your stock portfolio
    MarketWatch18 minutes ago

    Corona and Canopy: A mix of beer and pot that could juice your stock portfolio

    Constellation Brands is boosting its U.S. beer business while betting that marijuana products will deliver big sales.

  • TheStreet.com23 minutes ago

    Jim Cramer Puts a Pin in Pinterest, Canopy, Danaher, Honeywell and Schlumberger

    Where are you putting your PINS in this market? Jim Cramer is breaking down the latest Wall Street action live.

  • Reuters24 minutes ago

    Canopy Growth to acquire Acreage in $3.4 bln deal

    Canadian marijuana producer Canopy Growth Corp said on Thursday it would buy U.S.-based pot firm Acreage Holdings in a deal valued at $3.4 billion. Acreage Holders will receive an immediate payment of ...

  • Pot Stock Canopy Growth Near Deal To Buy Acreage Holdings: Reports
    Investor's Business Daily42 minutes ago

    Pot Stock Canopy Growth Near Deal To Buy Acreage Holdings: Reports

    Marijuana stocks rose Thursday on reports that Canada's Canopy Growth is close to a deal to buy U.S. pot grower Acreage Holdings.

  • Canopy Gains With Potential Acreage Deal Seen as Positive
    Bloomberg1 hour ago

    Canopy Gains With Potential Acreage Deal Seen as Positive

    The deal would allow Canopy to gain a toe-hold in the U.S. ahead of regulatory or legalization changes that would open up the world’s biggest potential marijuana market to operators, Jefferies analyst Owen Bennett wrote in a note. “They are now using the $4 billion in cash they got due to Constellation to get a route to control in the world’s biggest market, and what’s more, in the U.S.’s biggest player,” wrote Bennett, who rates Canopy Growth hold with a price target of $64.

  • Canopy Growth Trades Higher on Talks with Acreage Holdings
    Market Realist2 hours ago

    Canopy Growth Trades Higher on Talks with Acreage Holdings

    Canopy Growth Trades Higher on Talks with Acreage HoldingsCanopy Growth Canopy Growth (CGC) (WEED) has become the face of the cannabis industry as more and more analysts and investors take the sector more seriously. Just yesterday, Bank of America

  • TheStreet.com2 hours ago

    Pinterest, JPMorgan Chase, Canopy Growth and Facebook - 5 Things You Must Know

    U.S. stock futures declined Thursday and global stocks were lower as investors adopted a cautious stance ahead of the release of the Mueller report into allegations of Russian election and news of renewed weapons tests by North Korea that threatened to unravel Donald Trump's broader Asia strategy on trade and security. Contracts tied to the Dow Jones Industrial Average fell 29 points, futures for the S&P 500 declined 1.65 points, and Nasdaq futures were down 5.25 points. North Korea's state media said officials had conducted a "tactical" weapons systems test, the first since Trump and Kim Jong Un met in Hanoi earlier this year, although it didn't appear to be a long-range missile capable of carrying a nuclear warhead.

  • Canopy Growth isn’t buying Acreage Holdings, it’s buying the right to buy Acreage Holdings
    MarketWatch2 hours ago

    Canopy Growth isn’t buying Acreage Holdings, it’s buying the right to buy Acreage Holdings

    Canopy Growth Corp. is not outright acquiring Acreage Holdings Inc., as reports said Wednesday, but it is preparing to pay billions for the rights to buy the U.S.-based pot company.

  • TheStreet.com4 hours ago

    Canopy Growth Shares Spike on Report of Acreage Holdings Purchase

    Reuters reported that the potential deal, which could be worth around $880 billion, would give Canopy both the rights to Acreage's products and the potential to exchange stock should marijuana become legal in the United States. The deal would also give Acreage access to Canopy's intellectual property and marketing, Reuters reported, in a move to drive growth in a business that already has licenses or agreements in 19 U.S. states. Canopy Growth shares were marked 5.62% higher in pre-market trading Thursday, indicating an opening bell price of $45.26 each, a move that would extend the stock's year-to-date gain to around 56.5%.

  • Barrons.com4 hours ago

    3 Marijuana Stocks to Buy and 1 to Avoid, According to Merrill Lynch

    Marijuana stocks have been a volatile but largely outperforming group in 2019. But an analyst warns that while some companies are living up to the hype, others have risen too far, too fast.

  • Canopy Growth Could Be on the Cusp of Making a Huge Bet on U.S. Marijuana Legalization
    Motley Fool11 hours ago

    Canopy Growth Could Be on the Cusp of Making a Huge Bet on U.S. Marijuana Legalization

    The big Canadian marijuana producer is reportedly in talks to buy U.S. cannabis operator Acreage Holdings in what would likely be a multibillion-dollar deal.

  • Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source
    Reuters14 hours ago

    Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source

    The deal is expected to fetch a premium of about 28 percent to Acreage's five-day average trading price - or roughly 25 percent of its closing price on Wednesday, the source said. Neither Acreage Holdings nor Canopy Growth immediately responded to requests for comment.

  • Canopy Growth Is Near a Deal to Acquire Acreage Holdings
    Bloomberg16 hours ago

    Canopy Growth Is Near a Deal to Acquire Acreage Holdings

    Canopy’s shares added 9 percent in post-market trading in New York. Acreage gained 15 percent in Toronto before the market closed. The deal would be a major milestone for Canopy, the world’s largest cannabis company, and New York-based Acreage, which boasts former U.S. House Speaker John Boehner and former Canadian Prime Minister Brian Mulroney as directors.

  • Why Investors Should Just Say No to Pot Stocks
    Investopedia16 hours ago

    Why Investors Should Just Say No to Pot Stocks

    As the trend of marijuana legalization continues, cannabis-related stocks continue to proliferate. But fundamentals and technicals remain weak for many of the stocks in this space.

  • CNBC16 hours ago

    Weed giant Canopy Growth closing in on deal to buy Acreage Holdings

    Canadian cannabis giant Canopy Growth is close to a deal to purchase Acreage Holdings, sources familiar with the deal told CNBC.

  • CGC, HEXO, CTST Moving Higher Today
    Market Realist20 hours ago

    CGC, HEXO, CTST Moving Higher Today

    CGC, HEXO, CTST Moving Higher TodayCannabis sector gains Today, the Horizons Marijuana Life Sciences ETF (HMMJ) gained about 0.3% and the ETFMG Alternative Harvest ETF (MJ) gained about 0.3% in the first half of the trading session. However, the

  • ACB, CRON, and CGC Get Ratings Coverage from BofA Merrill Lynch
    Market Realist21 hours ago

    ACB, CRON, and CGC Get Ratings Coverage from BofA Merrill Lynch

    BofA Merrill Lynch Initiated Coverage on Canopy Growth(Continued from Prior Part)Analysts’ ratings Early on April 17, Bank of America Merrill Lynch initiated coverage on three cannabis stocks. Aurora Cannabis (ACB) received a “buy”

  • BofA Merrill Lynch Initiated Coverage on Canopy Growth
    Market Realist23 hours ago

    BofA Merrill Lynch Initiated Coverage on Canopy Growth

    BofA Merrill Lynch Initiated Coverage on Canopy GrowthBank of America Merrill Lynch With more investment firms joining the coverage on the cannabis industry, investors can gauge the consensus views on the stocks in the sector. Early on April 17,

  • Why 1 Analyst Just Slashed Revenue Estimates for Canopy Growth -- and What It Could Mean for Other Marijuana Stocks
    Motley Foolyesterday

    Why 1 Analyst Just Slashed Revenue Estimates for Canopy Growth -- and What It Could Mean for Other Marijuana Stocks

    Canopy Growth's next quarterly update might not be nearly as rosy as its last one. And the situation could be even worse for other marijuana producers.

  • 1 Figure That Should Have Marijuana Stock Investors Concerned
    Motley Foolyesterday

    1 Figure That Should Have Marijuana Stock Investors Concerned

    Wall Street portends trouble ahead for the largest pot stock in the world.

  • Analysts Remain Unfazed about Aphria’s Ratings after Earnings
    Market Realistyesterday

    Analysts Remain Unfazed about Aphria’s Ratings after Earnings

    Irwin Simon Says Aphria Will Hit 1 Billion in Sales by 2020(Continued from Prior Part)Analyst ratings The consensus analyst rating on Aphria (APHA) after its earnings were released remained unchanged compared to the previous month. As the chart

  • Cannabis company Canopy Growth finalizes deal to buy Acreage Holdings
    CNBC Videos3 hours ago

    Cannabis company Canopy Growth finalizes deal to buy Acreage Holdings

    Canadian cannabis giant Canopy Growth is close to a deal to purchase Acreage Holdings. CNBC's Melissa Lee reports.

  • Green Thumb Industries CEO reveals what will be the next big catalysts for the cannabis industry
    CNBC Videos16 hours ago

    Green Thumb Industries CEO reveals what will be the next big catalysts for the cannabis industry

    Bank of America initiates coverage on 3 pot stocks. Ben Kovler, Green Thumb Industries, on whether pot deals are about to heat up. With CNBC's Melissa Lee and the Fast Money traders, Brian Kelly, Karen Finerman, Dan Suzuki and Guy Adami.