WEED.TO - Canopy Growth Corporation
| Previous Close | 36.41 |
| Open | 36.82 |
| Bid | 37.25 x 0 |
| Ask | 37.39 x 0 |
| Day's Range | 36.47 - 38.02 |
| 52 Week Range | 34.36 - 76.68 |
| Volume | 1,903,675 |
| Avg. Volume | 1,750,106 |
| Market Cap | 12.654B |
| Beta (3Y Monthly) | 5.27 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -6.22 |
| Earnings Date | Aug 27, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 65.34 |
- MarketWatch
The $4 billion time bomb ticking away inside the biggest marijuana companies
Cannabis companies that have made acquisitions at the height of excitement about Canadian legalization last year may be facing some big goodwill writedowns.
- Thomson Reuters StreetEvents
Edited Transcript of CGC.TO earnings conference call or presentation 15-Aug-19 12:30pm GMT
Q1 2020 Canopy Growth Corp Earnings Call
- Motley Fool
Weekly Cannabis Stock News: Canopy Growth's Ugly Q1
The bellwether marijuana stock delivered a very disappointing quarter, and Tilray's latest wasn't much better. Aurora Cannabis, meanwhile, gets to borrow a bit more money.
- Market Realist
Cannabis Roundup on FIRE, ACB, CGC, and TLRY
Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.
- Market Realist
Charlotte’s Web Holdings Stock Down after Earnings
Charlotte's Web Holdings stock (CWBHF)(CWEB) was down 6.6% yesterday after the company reported lower-than-expected Q2 earning results.
- Barrons.com
Canopy Growth Stock Plunged After Earnings. Some Analysts Say It’s Still Not Time to Buy.
Canadian marijuana grower Canopy reported a huge quarterly loss and a sequential decline in sales, sending the stock down 20%. While some may see the drop as a buying opportunity, Wall Street analysts have mixed feelings.
- MarketWatch
Canopy Growth may have lost its lead in Canadian recreational cannabis: GMP
Canopy Growth Corp. seems to have lost its market lead in adult-use cannabis in Canada, GMP Securities said Friday. Analyst Ryan Macdonell slashed his stock price target to C$45 from C$65, after the company reported earnings for its fiscal first quarter that were mostly below expectations. But the company's setting aside of a C$6.4 million provision against oil and gelcaps being returned due to oversupply may be a company-specific problem, said Macdonell. The analyst calculated that 23% of the company's third-quarter and 50% of its fourth-quarter recreational market volumes were extract products, while extracts accounted for an average of 7% of the sell-through volume in the recreational market since inception. "We are decreasing our price target as the lacklustre performance in recreational market sales could indicate that Canopy has lost the leading position," he wrote in a note. "We remain positive on WEED over the long-term as we expect the company is well prepared for cannabis 2.0.," he said, referring to the launch of new formats including edibles later this year. Canopy shares were up 2% premarket, but have fallen 17% this week and 39% in three months. The ETFMG Alternative Harvest ETF has fallen 24% in the last three months, while the S&P 500 has lost 1%.
Motley FoolCanopy Growth Corp. (CGC) Q1 2020 Earnings Call Transcript
CGC earnings call for the period ending June 30, 2019.
- Market Realist
Canopy Growth Earnings Impacted the Cannabis Sector
Canopy Growth’s weak results weighed on the entire cannabis sector. Most of the cannabis stocks were in the red on Thursday.
- Market Realist
Bruce Linton Bought More Canopy Growth Stock
Canopy Growth's ex-CEO, Bruce Linton, increased his investment in the company. Linton stated that he's still positive about the company's future.
- Motley Fool
How Did Canopy Growth Bungle Things So Badly in Q1?
There are two possible answers. And neither one of them is good.
- CNW Group
/R E P E A T -- From Revolution to Evolution: Cannabis Culture 50 years later/
Now, 50 years later, the crowd that started it all has become one of the most important, influential and educated consumer groups in the legal cannabis market—the 55+ Boomers. "Over the past two months, Tweed has worked with market research firm, Leger, polling the Boomer generation for their opinions on cannabis pre and post-legalization in regards to education, community and the future of the consumer landscape," says Rade Kovacevic, President of Canopy Growth Corporation. "This is a demographic with an incredibly unique viewpoint that has experienced and observed the cannabis industry's transition from prohibition to legalization over the past 50 years.
CNW Group/R E P E A T -- Media Advisory - Canopy Growth to donate $100,000 to Forest Ontario to help plant millions of trees/
/R E P E A T -- Media Advisory - Canopy Growth to donate $100,000 to Forest Ontario to help plant millions of trees/
CNW GroupCanopy Rivers' thriving ecosystem demonstrated by purchase and supply agreement between portfolio companies
TORONTO , Aug.15, 2019 /CNW/ - Canopy Rivers Inc. ("Canopy Rivers" or the "Company") (RIV.V) (CNPOF) is pleased to share that its portfolio companies, James E. Wagner Cultivation Corporation ("JWC") (JWCA.V) (JWCAF) and TerrAscend Corp. ("TerrAscend") (TER.CN) (TRSSF), have entered into a purchase and supply agreement, demonstrating the type of collaboration and synergy seen throughout the Canopy Rivers ecosystem. As part of the agreement, JWC will supply cannabis flower and oils to TerrAscend, which will be made available for purchase on TerrAscend's online medical sales platform, Solace Health, providing JWC with exposure to thousands of registered medical patients across Canada .
- CNW Group
From Revolution to Evolution: Cannabis Culture 50 years later
Now, 50 years later, the crowd that started it all has become one of the most important, influential and educated consumer groups in the legal cannabis market—the 55+ Boomers. "Over the past two months, Tweed has worked with market research firm, Leger, polling the Boomer generation for their opinions on cannabis pre and post-legalization in regards to education, community and the future of the consumer landscape," says Rade Kovacevic, President of Canopy Growth Corporation. "This is a demographic with an incredibly unique viewpoint that has experienced and observed the cannabis industry's transition from prohibition to legalization over the past 50 years.
- Motley Fool
Why Tapestry, General Electric, and Canopy Growth Slumped Today
Bad news for all three companies led to big losses.
- Market Realist
Aurora Cannabis Is Upsizing Its Secured Credit Facility
Aurora Cannabis (ACB) announced that it's increasing its secured credit facility to 360 million Canadian dollars from $200 million Canadian dollars.
- Investor's Business Daily
Marijuana Stocks Rout Continues As Canopy Growth Loses Market Share
Canopy Growth said its pot shops could open in the U.S. this fiscal year. But shares plunged on a big loss and falling market share. Other marijuana stocks sold off.
- Reuters
Canopy Growth needs another 3-5 years to turn profit
U.S.-listed shares of Canopy fell as much as 14.5% to $27.30, a day after the company reported disappointing quarterly results. As marijuana companies spend heavily, investors have been worried about their ability to post a profit, even as their top lines surge. Canopy posted a C$1.2 billion loss and lower-than-expected sales for the first quarter, joining rivals Cronos Group and Tilray which recently reported wider quarterly losses.
- Benzinga
'Who Do You Help?' Acreage EVP Talks Cannabis As A Wellness Product
Detroit Free Press Reporter Kathleen Gray moderated the talk. Acreage Holdings’ Board of Directors include former U.S. House Speaker John Boehner and Bill Weld, former governor of Massachusetts and 2020 Republican presidential candidate.
- Motley Fool
Why Canopy Growth Stock Is Sinking Today
The cannabis producer's stunning revenue decline and massive net loss in Q1 have investors worried.
- Yahoo Finance Video
Canopy Growth stock up one day after dropping 15%
Cannabis stocks rallying after getting smoked earlier this week. Yahoo Finance's Zack Guzman & Emily McCormick, along with The Brewer Group CEO and former NFL player Jack Brewer discuss.
- Yahoo Finance Video
Tilray, Canopy Growth report disappointing earnings
It’s been a tough earnings season for cannabis producers after some of the biggest players — including Tilray and Canopy Growth — tumbled after reporting their numbers. Morningstar Director of Basic Materials Equity Research, Kristoffer Inton, joins Yahoo Finance’s On The Move panel to discuss.
