CGC - Canopy Growth Corporation

NYSE - NYSE Delayed Price. Currency in USD
40.57
+0.41 (+1.02%)
At close: 4:00PM EDT

40.35 -0.17 (-0.42%)
Pre-Market: 8:06AM EDT

Stock chart is not supported by your current browser
Previous Close40.16
Open40.32
Bid0.00 x 1100
Ask40.57 x 1300
Day's Range38.44 - 40.66
52 Week Range24.21 - 59.25
Volume6,330,609
Avg. Volume4,993,887
Market Cap13.949B
Beta (3Y Monthly)4.03
PE Ratio (TTM)N/A
EPS (TTM)-1.79
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • The Surprising Pot Stock Forecast to Lead the Industry in 2020 Sales
    Motley Fool49 minutes ago

    The Surprising Pot Stock Forecast to Lead the Industry in 2020 Sales

    Hint: It's not Canopy Growth or Aurora Cannabis.

  • Over Half of Canopy Growth's Huge Q4 Operating Loss Resulted From This Surprising Reason
    Motley Fool2 hours ago

    Over Half of Canopy Growth's Huge Q4 Operating Loss Resulted From This Surprising Reason

    Canopy Growth is spending more on this than its next three biggest rivals combined.

  • Barrons.com3 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.

  • Barrons.com3 hours ago

    Canopy Growth CEO Bruce Linton on Marijuana Drinks and the Company’s Big Earnings Miss

    Canopy Growth stock took a tumble after the Canadian company reported sluggish marijuana sales. Canopy CEO Bruce Linton said in an interview that “massive” margins are coming.

  • Canopy Growth Corporation (CGC) Gains As Market Dips: What You Should Know
    Zacks14 hours ago

    Canopy Growth Corporation (CGC) Gains As Market Dips: What You Should Know

    Canopy Growth Corporation (CGC) closed at $40.55 in the latest trading session, marking a +0.97% move from the prior day.

  • Barrons.com21 hours ago

    Canopy Growth Stock Is Still Falling After Earnings News. Here’s What Wall Street Is Saying.

    Sales are likely to fall short of expectations again unless products such as vape pens and marijuana-spiked beverages don’t provide a quick boost once they are approved for sale in Canada, according to BMO Capital Markets.

  • Company News For Jun 24, 2019
    Zacks22 hours ago

    Company News For Jun 24, 2019

    Companies in the news are: CGC, KMX, MDT and RHT

  • Motley Fool23 hours ago

    Canopy Growth's Q4 Earnings Report: All the Key Metrics Investors Should Know

    The cannabis company's revenue quadrupled, its net loss widened 500%, and its average selling price per gram declined 11% in its fiscal fourth quarter.

  • Breakthrough in U.S. Marijuana Industry: 5 Likely Gainers
    Zacks23 hours ago

    Breakthrough in U.S. Marijuana Industry: 5 Likely Gainers

    The marijuana industry has strong potential especially after its legalization for recreational and medicinal use.

  • Canopy Growth adds substantial production capacity in Canada after receiving licence for new outdoor site
    CNW Groupyesterday

    Canopy Growth adds substantial production capacity in Canada after receiving licence for new outdoor site

    SMITHS FALLS, ON, June 24, 2019 /CNW Telbec/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:WEED.TO - News) (NYSE:CGC - News) is pleased to announce that it has received a new licence from Health Canada permitting it to grow cannabis at an outdoor site in northern Saskatchewan. Hours after receiving the licence, the first cannabis cuttings were planted at a 7 million sq. ft. (160 acres) secure cultivation field in the province, one that is patrolled by drones (kidding – no drones, promise.) The new licence expands Canopy Growth's diversified Canadian footprint and complements its existing indoor and greenhouse facilities to provide a leading balance of facilities to produce low cost input materials for value-add products, while ensuring more sophisticated growing operations for in-demand flower products.

  • The 10 Most Important Numbers in Canopy Growth's Fourth-Quarter Report
    Motley Foolyesterday

    The 10 Most Important Numbers in Canopy Growth's Fourth-Quarter Report

    When the biggest pot stock in the world releases its operating results, you best pay attention.

  • 5 Things You Can Expect From Canopy Growth in the Second Half of 2019
    Motley Foolyesterday

    5 Things You Can Expect From Canopy Growth in the Second Half of 2019

    And two things you shouldn't expect for the big Canadian cannabis producer.

  • Better Buy: Aphria vs. Canopy Growth
    Motley Fool2 days ago

    Better Buy: Aphria vs. Canopy Growth

    Which stock wins in a one-on-one matchup between two top Canadian cannabis producers?

  • Why Canopy Growth's Losses Continue Outpacing Sales
    Motley Fool2 days ago

    Why Canopy Growth's Losses Continue Outpacing Sales

    Can this titanic-sized cannabis producer turn its ship around before it's too late?

  • 5 Most Popular Marijuana Stocks on the Market Right Now
    Motley Fool2 days ago

    5 Most Popular Marijuana Stocks on the Market Right Now

    Investors are voting with their pocketbooks on these popular pot stocks.

  • /R E P E A T -- Meet Your New Neighbour: Tweed! - Tweed Introduces the First Recreational Pot Shop in Fort Qu'Appelle, SK/
    CNW Group2 days ago

    /R E P E A T -- Meet Your New Neighbour: Tweed! - Tweed Introduces the First Recreational Pot Shop in Fort Qu'Appelle, SK/

    Tweed, Canada's top cannabis producer, is excited to announce the June 23rd opening of its Fort Qu'Appelle retail location. Recreational cannabis is new to many consumers but we've been pioneers as a medical producer for years. As we lead up to our official grand opening celebration on Canada Day long weekend, we want to invite you, our local media friends, to join us on Sunday, June 23rd or Monday June 24th for both a first-hand look at the store and a one-on-one introduction to the Tweed brand, our products, our presence in your city and our commitment to local community involvement.

  • What Happened in the Stock Market Today
    Motley Fool4 days ago

    What Happened in the Stock Market Today

    Canopy Growth fell after reporting a big loss, but CarMax had strong sales in its most recent quarter.

  • CNW Group4 days ago

    Acreage Obtains Final Order for Plan of Arrangement with Canopy Growth and Confirms Record Date for Acreage Shareholders Entitled to Receive the Option Premium

    SMITHS FALLS, ON and NEW YORK, June 21, 2019 /CNW/ - Acreage Holdings, Inc. ("Acreage") (CSE:ACGR.U) (OTC:ACRGF - News) (FSE:0ZV) and Canopy Growth Corporation ("Canopy Growth") (TSX:WEED.TO - News) (NYSE:CGC - News) (together, the "Companies") are pleased to announce that Acreage has obtained a final order from the Supreme Court of British Columbia approving the previously announced arrangement under section 288 of the Business Corporations Act (British Columbia) with Canopy Growth (the "Arrangement"). Pursuant to the Arrangement, the Articles of Acreage will be amended to provide Canopy Growth with the option (the "Canopy Growth Call Option") to acquire all of the issued and outstanding shares in the capital of Acreage (each, an "Acreage Share"), with a requirement to do so upon a change in federal laws in the United States to permit the general cultivation, distribution and possession of marijuana (as defined in the relevant legislation) or to remove the regulation of such activities from the federal laws of the United States (the "Triggering Event"), subject to the satisfaction of the conditions set out in the arrangement agreement entered into between Acreage and Canopy Growth on April 18, 2019, as amended on May 15, 2019 (the "Arrangement Agreement").

  • Motley Fool4 days ago

    Stock Market News: Pot Losses Hit Constellation Brands; Medtronic Delivers Dividends

    Stocks kept gaining ground on Friday morning.

  • Bloomberg4 days ago

    Canopy Tumbles on Slim Margins as Pot Firm Spends on Growth

    (Bloomberg) -- Canopy Growth Corp. shares fell the most since December after the world’s biggest cannabis company reported a steeper-than-expected loss and weak gross margins.The message from the company Friday is that it’s short-term pain for long-term gain as it builds new facilities for growing and processing cannabis and spends to prepare for the launch of beverage, edible and vape products in Canada.The Smiths Falls, Ontario-based company reported adjusted gross margin of 16% for the fiscal fourth quarter ended March 31. That was below the consensus analyst estimate of 24% and a decline from 22% in the prior quarter. Its loss before interest, taxes, depreciation and amortization was C$98 million ($74 million), much wider than the expected C$64 million loss.At the end of 2017, Canopy had 600,000 square feet of licensed growing space and a gross margin above 50%, said Chief Executive Officer Bruce Linton.“We could have stayed there and we would have been a nice tidy little company, probably quite profitable,” Linton said on the company’s earnings call Friday. But when it attracted a $4 billion investment from Constellation Brands Inc., “you need to use that capital to build scale, and we did.”Canopy expects production to more than double to 34,000 kilograms in the current quarter.Linton said the fiscal fourth quarter represented “the bottom of our margin trough,” and gross margins are expected to rise above 40% by the end of fiscal 2020, which runs until March 31. Canopy should also report positive Ebitda from its Canadian operations by the end of fiscal 2021, according to Chief Financial Officer Mike Lee.However, Lee also forecast a “material net loss” in the current quarter due to non-cash charges for stock compensation and the rising price of Canopy’s convertible bonds.The stock fell as much as 9% in Toronto, the biggest intraday drop since Dec. 5.In an interview, Linton compared Canopy to Amazon.com Inc., which was unprofitable for years as it built itself into one of the biggest companies in the world -- although he doesn’t expect Canopy to take as long to reach profitability as Amazon did.“Probably what’s happening today is some retail people who are selling their stock are getting replaced by institutional people who see this as the buying window,” Linton said in a phone interview. “Quite a few people bought Amazon over the years when they were creating a long-term valuable asset that would dominate the world.”Canopy also gave an update on its U.S. plans, where it’s building up hemp operations in seven states in order to sell products containing the popular compound CBD.Linton said he expects to have a range of products on shelves by the fourth quarter of this year, including skincare, beverages and possibly vape products, as well as food containing hemp protein. He sees CBD products for pets hitting U.S. shelves by the first quarter of 2020.“We haven’t had any shortage of interested audiences” who want to sell Canopy’s CBD products, he said.Canopy’s quarterly revenue of C$94 million was ahead of the consensus estimate of C$92 million but core cannabis revenue declined 7.4% to C$70 million from C$76 million in the previous quarter, according to Canaccord Genuity analyst Matt Bottomley.“As the company continues to ramp up its infrastructure, operating losses fell a bit shy of our expectations,” Bottomley wrote. “But given that the industry is still in a rather steep ramp-up phase and with C$4.5 billion of cash on its balance sheet, we are not overly concerned with profitability for the quarter.”(Adds comments from CEO interview beginning in 10th paragraph.)To contact the reporter on this story: Kristine Owram in Toronto at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jacqueline Thorpe, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.com4 days ago

    Canopy Growth Stock Tumbles as Marijuana Sales Disappoint Investors

    Canopy Growth stock gave back its gains for the week after reporting disappointing fourth-quarter revenue from marijuana sales and a larger loss than Wall Street anticipated..

  • Meet Your New Neighbour: Tweed! - Tweed Introduces the First Recreational Pot Shop in Fort Qu'Appelle, SK
    CNW Group4 days ago

    Meet Your New Neighbour: Tweed! - Tweed Introduces the First Recreational Pot Shop in Fort Qu'Appelle, SK

    Tweed, Canada's top cannabis producer, is excited to announce the June 23rd opening of its Fort Qu'Appelle retail location. Recreational cannabis is new to many consumers but we've been pioneers as a medical producer for years. As we lead up to our official grand opening celebration on Canada Day long weekend, we want to invite you, our local media friends, to join us on Sunday, June 23rd or Monday June 24th for both a first-hand look at the store and a one-on-one introduction to the Tweed brand, our products, our presence in your city and our commitment to local community involvement.

  • Tweed joins Pride Toronto to support progress, champion diversity and celebrate love
    CNW Group4 days ago

    Tweed joins Pride Toronto to support progress, champion diversity and celebrate love

    SMITHS FALLS, ON and TORONTO, June 21, 2019 /CNW/ - Tweed, a proudly Canadian cannabis company, is once again participating in Pride celebrations across the country, all month long, and we can't wait to share the love in communities large and small. On Sunday, June 23 we will be marching in Toronto's famous Pride Parade and we are more excited than ever to be standing in solidarity to celebrate progress, fight stigma and build a more inclusive world for everyone. "A rich history of activism, advocacy and social awareness is built into Tweed's DNA, and we are thrilled to lend our support to the diverse communities that make up the great city of Toronto," says Bruce Linton, Chairman and CEO, Canopy Growth Corporation, Tweed's parent company.

  • These Billion-Dollar Pot Stocks Are Buyout Candidates
    Motley Fool4 days ago

    These Billion-Dollar Pot Stocks Are Buyout Candidates

    Three marijuana stocks worth more than $1 billion that look more like acquisition targets than acquirers.

  • Canopy Growth Q4 Results: The Good News and the Bad News
    Motley Fool4 days ago

    Canopy Growth Q4 Results: The Good News and the Bad News

    Canopy's quarterly results are finally in. Here are the highlights -- and the lowlights.