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Canopy Growth Corporation (WEED.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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16.52-0.45 (-2.65%)
At close: 3:59PM EDT
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  • C
    Continental
    CANOPY
    Balsky no longer estimates that Canopy will achieve positive EBITDA in the fourth quarter of 2022, despite the company’s guidance and efforts to achieve this target.

    Two weeks ago, Bank of America analyst Heather Balsky downgraded WEED to Hold from Buy, and lowered its price target to C$22 (from C$41). This implies 23.7% upside potential.
  • K
    Kimnen
    CGC may acquire more companies, MJ or Tobacco, or alcohol related. Other possibilities are a bigger company acquire CGC at a premium price, too.
  • Y
    Yan
    Yay...I guess. Canopy's share price is now the same as it was in November 2017.

    Disclosure...I own a pile of WEED/CGC. Bullish, but we have a long way to go.
  • C
    Chad
    Stock option contracts expiring today, third Friday of the month. More volatility is to be expected. The bull run will resume shortly my friends.
  • R
    Randy
    As any buisness, the strong will survive. This industry hasn't even begun to reach its potential. Legalization is not if it will happen, it's when will it happen. And tbe smart Co's like GGC, are preparing for the future. This is the time to accumulate in a sector that's been beaten down because of earnings, but on the cusp of exploding!!
  • d
    def.
    the bashers on this board are the real hired hands by hedge funds to scare the retail investors out of this stock. they want all your shares for cheap.
    They can NOT stop the inevitable that CGC will enter the U.S and become a dominate force with Constellation Brands. Big money is coming and YOU can NOT STOP IT.
  • K
    Kai
    This was a good stock during the 2015 election and legalization phase. The industry has so many obstacles to create a strong and sustaining profit! Better take a beating and invest in some other industries for the time being! It’s a waste of time… there are right now better opportunities out there…. Technology…. Electrification of transport….
  • E
    Eitan
    Look at the option status. many open interest that need to be closed at least in two days.

    That won't happen (I mean, many put short trader won't succeed closing their positions in profits).

    Definitely a short squueze!!!

    That will be the drive for long time to get a positive momentum for the next many years.

    Besides Canabis is a rising sector and will be x10 as there are lot of investments in.
  • A
    Andrew
    I cant even imagine where this SP goes once federal legalization stamped in or on the cusp. I would bet this trades over $100 a share in very little time.
  • r
    robert
    they continu to buy US co this is good sign something brewing in usa.
  • D
    Dave Smith
    CGC Long - United We Stand. Today both CGC & TLRY are low volumes at 3:07 PM ET. If S&P 500 and DOW indices are green on Thursday & Friday, CGC will rise up sharply. Many Short positions need to close within 2 more days; thus, DON'T SELL. Be patient. When in red, buy more to keep long term. Target price $25
  • n
    nate
    CGC acquires #1 edibles brand in North America.
  • M
    MasterHugeProfits
    Canopy Growth is becoming the Amazon of the Cannabis industry.And that's a fact.
  • M
    MasterHugeProfits
    Tilray chasers got caught holding a big bag and now want to break even,but they've finally realized they're in the wrong stock and desperately want to go all in on the real king of pot who has a huge partnership.Canopy Growth is King and will soar to new highs.
  • K
    Kimnen
    CGC is the best MJ stock, near 52 weeks LOW; thus, excellent opportunity to buy & hold Long Term. Don't sell. Be patient. CGC will appreciate sharply by the year end
  • A
    Anonymous
    I bought 100 shares on 8/5/19 @ $31.01 and sold on 2/3/21 @ $44.50. Not bragging……just stating my experience. I used to stop by here once in a while and read the insane posts and banter. People posting they invested their life savings, etc. Unfortunately, It’s likely some actually did.
    I stopped reading this thread when I sold earlier this year. The tone sure seems to have changed.
  • S
    Samantha
    When it goes down it barely goes down. When it goes up it barely goes up. It's an accumulation phase before the big run up. Nothing to see here.
  • G
    GoBiGGER
    20% shares shorted I think I'm holding on to my shares till I see the squeeze
  • l
    ltm
    Well Samantha CGC did not even come close to turning green today so your prediction was wrong again. So you lose again.
  • Y
    YKB
    ACB is up around 20% through the earnings, I think we will see similar actions through the earnings is Nov