Canopy Growth Corporation (CGC)
| Market Cap | 423.66M |
| Revenue (ttm) | 261.66M |
| Net Income (ttm) | -978.77M |
| Shares Out | 82.91M |
| EPS (ttm) | -18.49 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,915,554 |
| Open | 5.29 |
| Previous Close | 5.29 |
| Day's Range | 5.01 - 5.39 |
| 52-Week Range | 3.46 - 32.20 |
| Beta | 2.11 |
| Analysts | Sell |
| Price Target | 13.40 (+162.23%) |
| Earnings Date | Feb 8, 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]
Full Company ProfileFinancial 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 StatementsAnalyst Forecast
According to 4 analysts, the average rating for CGC stock is "Sell." The 12-month stock price forecast is $13.4, which is an increase of 162.23% from the latest price.
News
Canopy Growth: What next for the vulnerable CGC stock?
Canopy Growth (NASDAQ: CGC) stock price had a tough performance in 2023. It started the year well as it peaked at $32.18 in February before diving to the year-to-date low of $3.43.
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Canopy Growth Announces Completed Sale of This Works
Divestiture of the skincare and wellness brand is aligned with Canopy Growth's focus on North American cannabis operations SMITHS FALLS, ON and LONDON , Dec. 18, 2023 /PRNewswire/ - Canopy Growth Corp...
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Canopy Growth Announces Effective Date of Share Consolidation
Shares will be consolidated at a 1 for 10 ratio Action expected to allow the Company to regain compliance with Nasdaq minimum bid price requirement SMITHS FALLS, ON , Dec. 13, 2023 /PRNewswire/ - Cano...
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Canopy Growth sells BioSteel Canada to Coachwood Group
Canopy Growth Corp. CGC, +0.07% WEED, -2.60% said Friday it completed the sale of its BioSteel sports drink for gross proceeds of C$30.4 million ($22.4 million) in two separate transactions. Coachwood...
Canopy Growth Announces Completed Sale of BioSteel Business
Realization of sale proceeds further strengthens Canopy Growth's balance sheet Completed transactions further advances Canopy Growth's cannabis-focused, asset-light operating model SMITHS FALLS, ON ,...
Martha Stewart launches CBD line with backing from Canopy Growth, Marquee Brands
Martha Stewart CBD on Wednesday unveiled a line of CBD edibles offering aid in sleep and other potential wellness benefits, with backing from Canopy Growth Corp. CGC CA:WEED as well as Marquee Brands,...
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Canopy Growth's stock rises after it says it's found buyers for BioSteel sports drink units
Canopy Growth Corp.'s stock CGC, -2.23% WEED, -1.33% was up 1.7% in premarket trading on Friday after the Canadian cannabis company said it identified two qualified buyers for its BioSteel brand and a...
Canopy Growth Announces that BioSteel Obtains Court Approval of Successful Bids in Sale and Investment Solicitation Process
Court approves combination of transactions resulting in the sale of all or substantially all of the assets of Biosteel Canada and Biosteel Manufacturing Elimination of funding obligation to BioSteel c...
Canopy Growth hits snag with SEC over Canopy USA plan
Canopy Growth Corp. has hit a snag with the Securities and Exchange Commission in its plan to maintain its dual listing on the Nasdaq and the Toronto Stock Exchange when it creates Canopy USA to hold ...
Canopy Growth's cash burn raises analyst concerns
Benchmark analysts on Monday reiterated their sell rating on Canopy Growth Corp. as it burns cash at a rate that's more “intense than a midnight blaze” while TD Cowen sounded a more positive tone on i...
Curaleaf and Canopy Growth miss Q3 analyst marks while Ascend Wellness beats forecasts
Quarterly results from the U.S.'s largest cannabis company Curaleaf Holdings Inc. and Canada's Canopy Growth Corp. missed analyst estimates, while Ascend Wellness managed to beat forecasts.
Canopy Growth Reports Second Quarter Fiscal Year 2024 Financial Results
Strong execution drove significant improvement in gross margins and reduced cash burn in Q2 FY2024 Management reaffirms expectation to achieve positive Adjusted EBITDA in all business units exiting FY...
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Canopy Growth to Report Second Quarter Fiscal 2024 Financial Results on November 9, 2023
SMITHS FALLS, ON , Oct. 26, 2023 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) will release its financial results for the second quarter fiscal ...
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First-of-its kind vaporizer features adjustable air flow and is the fastest heating vaporizer in the S&B lineup TUTTLINGEN, Germany , Oct. 17, 2023 /PRNewswire/ - STORZ & BICKEL GmbH ("STORZ & BICKEL"...
Canopy Growth Announces EU GMP Certification of Kincardine Cultivation Facility
Certification Enables Canopy Growth to Continue Exporting High Quality Cannabis to Global Medical Markets SMITHS FALLS, ON , Oct. 10, 2023 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or ...
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