WEED.TO - Canopy Growth Corporation

Toronto - Toronto Delayed Price. Currency in CAD
34.98
+0.18 (+0.52%)
At close: 4:00PM EDT
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Previous Close34.80
Open34.78
Bid34.97 x 0
Ask35.00 x 0
Day's Range33.33 - 35.77
52 Week Range8.15 - 48.72
Volume5,172,289
Avg. Volume4,934,590
Market Cap7.515B
Beta3.61
PE Ratio (TTM)N/A
EPS (TTM)-0.40
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est40.80
  • Reuters12 hours ago

    CANADA STOCKS - TSX falls 0.25 percent as energy weighs

    * The Toronto Stock Exchange's S&P/TSX fell 41.84 points, or 0.25 percent, to 16,477.40. * The biggest contributor to the TSX loss was Enbridge, weighing on the index by 5.78 points. Following suit, energy ...

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    Time to Welcome Another Marijuana Stock to the 100,000 Kilogram Club

    This is the ninth pot stock that's expected to produce in excess of 100,000 kilograms of cannabis a year.

  • The Single Biggest Reason to Stay Away From Canadian Marijuana Stocks
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    The Single Biggest Reason to Stay Away From Canadian Marijuana Stocks

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  • LiveWell Bolsters Management Team with the Appointments of Peter Geimer and Jean Bernard
    CNW Group6 days ago

    LiveWell Bolsters Management Team with the Appointments of Peter Geimer and Jean Bernard

    GATINEAU , QC, July 13, 2018 /CNW Telbec/ - LIVEWELL CANADA Inc. (LVWL.V) announces the appointments of Peter Geimer as Vice President, Sales and Marketing and Jean Bernard as Vice President, Information Security and Technology. Peter Geimer is driven and results-oriented with more than 20 years of experience in the pharmaceutical, biomedical, and medical device sectors. Mr. Geimer is a well-respected leader who excels at coaching commercial teams and developing brands to attain market share leadership.

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    3 Marijuana Stocks With Strong Ties to California

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  • British Columbia Releases List of 31 Cannabis Suppliers
    Market Realist6 days ago

    British Columbia Releases List of 31 Cannabis Suppliers

    British Columbia’s Liquor Distribution Branch released its list of 31 suppliers that are to provide cannabis to the province for non-medical use. The notable companies that signed memoranda of understanding with the Liquor Distribution Branch to supply cannabis include Canopy Growth (CGC)(WEED), Aurora Cannabis (ACB)(ACBFF), MedReleaf (MEDFF), and Aphria (APHQF). Compared to other Canadian provinces that announced their lists of suppliers, British Columbia has one of the most diversified lists (HMMJ), which should give a wide range of diversity to the province.

  • Canada's 4 Largest Pot Producers Could Yield More Than 1.5 Million Kilograms by 2020
    Motley Fool7 days ago

    Canada's 4 Largest Pot Producers Could Yield More Than 1.5 Million Kilograms by 2020

    It's possible that four growers could control 60% of all Canadian marijuana production by the turn of the decade.

  • CNW Group7 days ago

    Canopy Enters MOU with BC Liquor Distribution Branch to Supply British Columbian Market

    ALDERGROVE & DELTA, BC , July 12, 2018 /CNW/ - Continuing the theme of securing major supply agreements in every Canadian province and territory with announced supply plans, Canopy Growth Corporation (WEED.TO) (CGC) (the "Company" or "Canopy Growth") is proud to announce that cannabis grown in its Delta and Aldergrove facilities, its other sites across the country, and products from its CraftGrow partners will be sold in fine retailers, both government-operated and private, across the province of British Columbia post-prohibition. Canopy Growth entered into a supply MOU with the BC Liquor Distribution Branch to make available 5,719 kg of high-quality cannabis products in the first 12-months following October 17, 2018 .

  • Canaccord Genuity Increased Canopy Growth’s Target Price
    Market Realist7 days ago

    Canaccord Genuity Increased Canopy Growth’s Target Price

    On July 10, Canopy Growth (WEED) (CGC) entered into an agreement to acquire Hiku Brands. Following the news, Canaccord Genuity raised Canopy Growth’s target price to $34 from the previous target of $32. Canaccord Genuity thinks that the Hiku Brands acquisition will help Canopy Growth enhance its retail presence in western Canada.

  • Aurora Cannabis Moves to Grab Pre-Roll Cannabis Market Segment
    Market Realist7 days ago

    Aurora Cannabis Moves to Grab Pre-Roll Cannabis Market Segment

    Aurora Cannabis (ACB) (ACBFF) has made a move to grab the pre-roll cannabis market segment. The company announced on July 11 that it entered a joint partnership with Wagner Dimas through a cash and share transaction contingent on milestone achievement. Under this partnership, a new Canadian company will be formed to which Wagner Dimas will assign its intellectual property.

  • How Cannabis Stocks’ Valuations Stack Up
    Market Realist7 days ago

    How Cannabis Stocks’ Valuations Stack Up

    In the previous part of this series, we discussed the overall EV-to-EBITDA multiples of nine cannabis companies (HMMJ) and the trend over the last year. Here, we’ll discuss how the EV-to-EBITDA multiple of individual companies compares with the median.

  • What EV-to-EBITDA Multiples Say about the Cannabis Sector
    Market Realist8 days ago

    What EV-to-EBITDA Multiples Say about the Cannabis Sector

    In the earlier parts of this series, we discussed EV-to-sales valuation multiples for some of the cannabis stocks (SEED). However, to get a better understanding of whether the cannabis sector is in the overbought or oversold territory, we’ll look at more than one valuation multiple. In this article, we’ll discuss how the EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) has changed over the last month.

  • Which Cannabis Stocks Are above Peer Median Valuation Multiple?
    Market Realist8 days ago

    Which Cannabis Stocks Are above Peer Median Valuation Multiple?

    In the earlier part of this series, we discussed that the overall cannabis sector’s forward EV-to-sales (enterprise value to sales) trended lower in the last month. In this part, we’ll look at the cannabis companies’ (HMLSF) valuation multiple compared to the median of 9.3x.

  • When’s the Right Time to Jump into Cannabis Stocks?
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    When’s the Right Time to Jump into Cannabis Stocks?

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  • Canopy Growth Moves to Acquire Hiku Brands Company
    Market Realist8 days ago

    Canopy Growth Moves to Acquire Hiku Brands Company

    On July 10, Canopy Growth (WEED) (CGC) announced that it had entered an agreement to acquire Hiku Brands Company (HIKU). According to the press release, Canopy Growth paid a ~33% premium above Hiku Brands’ 20-day VWAP (volume weighted average price) as of closing on July 9.

  • The Wall Street Journal8 days ago

    [$$] Canopy Growth to Acquire Hiku Brands for C$300 Million

    Canopy Growth topped an offer from another Canadian cannabis firm to acquire Hiku Brands Company, further highlighting how companies in the country’s weed industry are jockeying for position ahead of the ...

  • Reuters8 days ago

    Canopy Growth to buy Tokyo Smoke owner Hiku Brands for C$269.2 mln

    Canada's Canopy Growth Corp is buying Toyko Smoke cannabis owner Hiku Brands Co Ltd for C$269.2 million , the latest deal in a fast-consolidating sector ahead of legal recreational marijuana sales. Canopy ...

  • PR Newswire9 days ago

    Canopy Growth to Acquire Hiku Brands to Strengthen Retail and Brand Portfolio

    SMITHS FALLS, ON and TORONTO, July 10, 2018 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth") (WEED.TO) (CGC) and Hiku Brands Company Ltd. ("Hiku") (HIKU.CN) (together, the "Companies") are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") pursuant to which Canopy Growth will acquire all of the issued and outstanding common shares of Hiku (the "Transaction"). Under the terms of the Agreement, Hiku shareholders will receive 0.046 of a Canopy Growth common share (each whole share, a "Canopy Share") in exchange for each common share of Hiku (each, a "Hiku Share"), representing the equivalent of C$1.91 per Hiku Share and a premium of 33% based on the 20-day volume weighted average prices of the Canopy Shares and the Hiku Shares as of July 9, 2018, and a premium of approximately 21% based on the closing prices of the Canopy Shares on the Toronto Stock Exchange ("TSX") and the Hiku Shares on the Canadian Stock Exchange ("CSE") on July 9, 2018.

  • Canopy Growth to Acquire Hiku Brands to Strengthen Retail and Brand Portfolio
    CNW Group9 days ago

    Canopy Growth to Acquire Hiku Brands to Strengthen Retail and Brand Portfolio

    SMITHS FALLS, ON and TORONTO , July 10, 2018 /CNW/ - Canopy Growth Corporation ("Canopy Growth") (WEED.TO) (CGC) and Hiku Brands Company Ltd. ("Hiku") (HIKU.CN) (together, the "Companies") are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") pursuant to which Canopy Growth will acquire all of the issued and outstanding common shares of Hiku (the "Transaction"). Under the terms of the Agreement, Hiku shareholders will receive 0.046 of a Canopy Growth common share (each whole share, a "Canopy Share") in exchange for each common share of Hiku (each, a "Hiku Share"), representing the equivalent of C$1.91 per Hiku Share and a premium of 33% based on the 20-day volume weighted average prices of the Canopy Shares and the Hiku Shares as of July 9, 2018 , and a premium of approximately 21% based on the closing prices of the Canopy Shares on the Toronto Stock Exchange ("TSX") and the Hiku Shares on the Canadian Stock Exchange ("CSE") on July 9, 2018 .

  • Canopy Growth to Acquire Hiku Brands to Strengthen Retail and Brand Portfolio
    CNW Group9 days ago

    Canopy Growth to Acquire Hiku Brands to Strengthen Retail and Brand Portfolio

    SMITHS FALLS , ON and TORONTO , July 10, 2018 /CNW/ - Canopy Growth Corporation ("Canopy Growth") (WEED.TO) (CGC) and Hiku Brands Company Ltd. ("Hiku") (HIKU.CN) (together, the "Companies") are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") pursuant to which Canopy Growth will acquire all of the issued and outstanding common shares of Hiku (the "Transaction"). Under the terms of the Agreement, Hiku shareholders will receive 0.046 of a Canopy Growth common share (each whole share, a "Canopy Share") in exchange for each common share of Hiku (each, a "Hiku Share"), representing the equivalent of C$1.91 per Hiku Share and a premium of 33% based on the 20-day volume weighted average prices of the Canopy Shares and the Hiku Shares as of July 9, 2018 , and a premium of approximately 21% based on the closing prices of the Canopy Shares on the Toronto Stock Exchange ("TSX") and the Hiku Shares on the Canadian Stock Exchange ("CSE") on July 9, 2018 .

  • Thomson Reuters StreetEvents9 days ago

    Edited Transcript of CGC.TO earnings conference call or presentation 27-Jun-18 12:30pm GMT

    Q4 2018 Canopy Growth Corp Earnings Call

  • Alberta Announces Recreational Cannabis Suppliers
    Market Realist10 days ago

    Alberta Announces Recreational Cannabis Suppliers

    As the governments of individual provinces in Canada get ready for the first recreational cannabis sales in October 2018, the AGLC (Alberta Gaming, Liquor & Cannabis Commission) announced its list of producers that will supply cannabis to the province. Out of 31 applications, only 13 won bids to supply cannabis to the province of Alberta. While the Alberta Government news release didn’t specify how much it will receive annually, Canopy Growth (WEED)(CGC) announced that it will supply over 15,000 kilograms of cannabis to Alberta.

  • The Case for Cannabis Sales beyond Canada
    Market Realist10 days ago

    The Case for Cannabis Sales beyond Canada

    In this article, we’ll look at other sales catalysts for cannabis producers (SEED) such as Canopy Growth (WEED) (CGC), Aurora Cannabis (ACB) (ACBFF), and Aphria (APHQF).

  • CNW Group10 days ago

    Invictus Expands Cultivation Footprint, Adds New Strains to Portfolio

    Invictus Expands Cultivation Footprint, Adds New Strains to Portfolio

  • How Producers Can Use Pricing to Expand Sales
    Market Realist10 days ago

    How Producers Can Use Pricing to Expand Sales

    In the earlier part of this series, we discussed how provincial governments in Canada could take various approaches to selling recreational cannabis to customers after legalization. In provinces where cannabis producers sell directly to a government entity, companies such as Canopy Growth (CGC) (WEED), Aurora Cannabis (ACB), Organigram (OGRMF), and others will have limited access to customers.