CGC - Canopy Growth Corporation
| Previous Close | 42.85 |
| Open | 46.15 |
| Bid | 44.77 x 1000 |
| Ask | 44.73 x 1200 |
| Day's Range | 44.16 - 47.71 |
| 52 Week Range | 20.99 - 59.25 |
| Volume | 15,333,501 |
| Avg. Volume | 7,569,345 |
| Market Cap | 15.379B |
| Beta (3Y Monthly) | 3.99 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.79 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Barrons.com•2 days ago
Marijuana Stocks Take the Long-Term View. But Expect ‘Teething’ Problems.
Investor interest in marijuana stocks led Jefferies to hold its first cannabis conference, featuring 30 companies and 260 investors. Here are a few things that marijuana companies are thinking about for the long-term.
- Barrons.com•3 days ago
Canopy Growth Has Struck a Deal for Acreage Holdings as U.S. Marijuana Prospects Brighten
The stocks of Canada’s Canopy Growth and the U.S.’s Acreage Holdings rose Thursday after Canopy announced a deal for the rights to acquire Acreage.
- Motley Fool•3 days ago
5 Things to Know About Canopy Growth's Deal to Buy Acreage Holdings
Canopy's plan to buy U.S.-based Acreage Holdings is complicated. But it could be a smart move.
- Barrons.com•3 days ago
Marijuana Company Canopy Growth Isn’t Buying Acreage Holdings — It’s Buying the Right to Buy Acreage
The deal is for the right to purchase Acreage if pot is legalized in U.S. If Canopy were to make the purchase now, it would be acquiring an illegal U.S. asset and its shares would be delisted.
- Zacks•3 days ago
Likely Canopy-Acreage Deal Looks Good Enough to Boost ETF MJ
Canopy Growth will probably purchase the rights to buy Acreage Holdings to tap the growing potential of the U.S. marijuana market. This should bolster the ETF MJ.
- Bloomberg•3 days ago
Canopy Buys Acreage for $3.4 Billion in Bet on U.S. Market
Canopy, which was sitting on a pile of cash after a high-profile investment last year from alcohol giant Constellation Brands Inc., has agreed to buy the New York-based marijuana company Acreage Holdings Inc. for $3.4 billion in a cross-border deal that may usher in wave of consolidation in the burgeoning industry. “They know the U.S. is the biggest prize of all,” he said.
- GlobeNewswire•3 days ago
Acreage Holdings Announces Signing of Arrangement Agreement
FRANKFURT, Germany, April 18, 2019 -- Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.U) (OTC:ACRGF) (FSE:0VZ) and Canopy Growth Corporation (“Canopy Growth”) (TSX:WEED).
Reuters•3 days agoCanopy Growth to buy Acreage in $3.4 billion deal
Shares of Canopy Growth surged 7.5 percent to C$61.40 after the two companies said the deal value was at a premium of 41.7 percent over the 30-day volume weighted average price of Acreage subordinate voting shares ending April 16. "Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists," Canopy Chairman and co-Chief Executive Officer Bruce Linton said. A growing number of companies are trying to push into the U.S. cannabis industry, with the recreational use of cannabis now legal in 10 states and the District of Columbia and medical marijuana legal in 23 states.
- GlobeNewswire•3 days ago
Constellation Brands Enters Into Agreement with Canopy Growth Corporation to Modify Warrants and Other Rights
Constellation Brands, Inc. (NYSE:STZ and STZ.B), a leading beverage alcohol company, today announced that it plans to enter into an agreement with Canopy Growth Corporation (“Canopy”) (TSX: WEED, NYSE: CGC), a leading diversified cannabis company, to modify certain warrants and other rights. These changes are the result of Canopy’s intentions to acquire Acreage Holdings, Inc. (“Acreage”) upon U.S. Federal cannabis legalization. Earlier today, Canopy announced (see Canopy press release “Canopy Growth Announces Option to Acquire Leading U.S. Multi-state Cannabis Operator, Acreage Holdings”) it has entered into an agreement with Acreage, a U.S. multi-state cannabis operator, where Canopy plans to acquire the shares of Acreage upon U.S. Federal cannabis legalization (the “Triggering Event”), subject to certain conditions. This transaction, as well as proposed modifications to certain Constellation warrants, are subject to approval by Canopy shareholders.
CNW Group•3 days agoCanopy Growth Announces Plan to Acquire Leading U.S. Multi-State Cannabis Operator, Acreage Holdings
Proposed Deal Complements Canopy Growth's U.S. CBD Strategy With An Accelerated Pathway Into U.S. Cannabis Markets, Once Federally Permissible Deal Structure Expected to Provide Improved Access to Capital ...
- Bloomberg•3 days 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.
- Barrons.com•3 days 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.
- Motley Fool•3 days 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.
Reuters•3 days agoCanopy 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.
- Bloomberg•3 days 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.
- CNBC•3 days ago
Weed giant Canopy Growth closing in on deal to buy Acreage Holdings
Shares of Canopy rallied more than 10% in after hours trading Wednesday following the news. Canadian cannabis giant Canopy Growth CGC is close to a deal to purchase Acreage Holdings — the latest in a string of deals in the fast-growing industry. The two companies have been in talks for about two weeks and were scheduled to speak on the phone Wednesday evening to finalize the agreement, sources familiar with the matter told CNBC's Melissa Lee .
- Baystreet•4 days ago
Sweden’s Government Is Adding Pot Stocks To Their Public Pension Fund
Back in 2018 Sweden's government-run AP7 pension fund acquired shares of Aurora and Canopy Growth, according ...
- Motley Fool•4 days ago
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.
- Motley Fool•4 days ago
1 Figure That Should Have Marijuana Stock Investors Concerned
Wall Street portends trouble ahead for the largest pot stock in the world.
- ACCESSWIRE•4 days ago
Don't Overlook Energy When Investing in Cannabis
One industry that is often overlooked but could play a huge role in the cannabis industry is energy. The U.S. cannabis industry is currently eating up more than 1% of all electricity each year. The need to reduce greenhouse emissions created by the weed industry, as well as lower electric load and expenditures, makes the energy sector a clear beneficiary of a budding cannabis industry.
- ACCESSWIRE•4 days ago
Stock Market Press Illuminates Growing Acquisition Trend in the Cannabis Space, Increased Security Needs and DirectView Holdings Explosive Revenue Growth and Turnkey Surveillance Systems; Additional Companies Discussed Include Canopy Growth Corporation and Aurora Cannabis Inc.
NEW YORK, NY / ACCESSWIRE / April 17, 2019 / Stock Market Press (SMP) is excited about the huge growth in the cannabis industry seen in 2018 and Q1 2019. DirectView Holdings, Inc (OTC PINK: DIRV) released ...
- CNW Group•4 days ago
Hemp Boom Spawns Lucrative Deals
DENVER, April 17, 2019 /CNW/ -- Ever since the Farm Bill was signed into law, farmers across the United States have rushed into hemp cultivation, driving demand for the supplies needed to grow the crop necessary to meet surging CBD use. Global hemp industry to reach $22 billion in 2022. Hemp is booming across the country, and nowhere more so than in Kentucky, where the applications to grow hemp are expected to increase fivefold, and acreage dedicated to growing the crop is set to more than triple this year.
- CNBC•4 days ago
Here are the biggest analyst calls of the day: Qualcomm, Tesla, Chipotle, Tiffany & more
Stifel upgraded Qualcomm to buy from hold Evercore ISI upgraded Qualcomm to outperform from in line J.P. Morgan upgraded Qualcomm to overweight from neutral Bernstein initiated Tiffany as outperform ...
