WEED.TO - Canopy Growth Corporation

Toronto - Toronto Delayed Price. Currency in CAD
25.67
-1.49 (-5.49%)
At close: 4:00PM EDT
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Previous Close27.16
Open26.49
Bid25.62 x 0
Ask25.69 x 0
Day's Range25.42 - 27.59
52 Week Range25.42 - 76.68
Volume3,223,919
Avg. Volume1,851,947
Market Cap8.93B
Beta (3Y Monthly)5.26
PE Ratio (TTM)N/A
EPS (TTM)-6.22
Earnings DateNov. 12, 2019 - Nov. 18, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est50.96
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    Will Canopy Growth (TSX:WEED) Stock Rise to Triple Digits in 2020?

    Canopy Growth Corp (TSX:WEED)(NYSE:CGC) stock has fallen 57% from its highs, as earnings continue to disappoint and growth spending remains high.

  • Cannabis Roundup: CGC, OGI, ACB, and HEXO
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    3 Stocks to Avoid in a Volatile Market

    Here’s why you should avoid stocks like Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) by the next market downturn.

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    The 3 Most Important Numbers on an Earnings Report

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  • Canopy Growth: Constellation’s Presence Can’t Be Ignored!
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    Canopy Growth: Constellation’s Presence Can’t Be Ignored!

    On Thursday, Canopy Growth announced that Constellation’s CFO David Klein will be the new chairman of its board effective immediately.

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  • Constellation Brands chief financial officer named chair at Canopy Growth
    The Canadian Press

    Constellation Brands chief financial officer named chair at Canopy Growth

    SMITHS FALLS, Ont. — The chief financial officer of Canopy Growth Corp.'s largest shareholder has been appointed chair of the cannabis company's board of directors amid an ongoing shakeup in its executive ranks.David Klein, the CFO at Constellation Brands Inc., has been appointed to the position effective immediately, the Smiths Falls, Ont.-based Canopy Growth said in a statement Thursday.The executive said he's excited to serve as the new chair."There is no company better positioned to win in the emerging global cannabis market," he said, adding he looks forward to working with the company's leadership team to position it "for long-term, industry-leading profitable growth."Klein has served as a director on Canopy's board since 2018 and replaces John Bell, who was serving as interim chair. Bell is expected to remain a director on the board.Canopy Growth's CEO Mark Zekulin said the company is "honoured" to welcome Klein, whose "leadership has been extremely valuable to our board at this pivotal moment" in the company's history.Zekulin is staying on as CEO until a suitable replacement is found. He had been co-CEO alongside co-founder Bruce Linton. Linton was ousted from the chief executive position — as well as chairman — in July after Constellation said it was disappointed in the company's results.Constellation's latest quarterly results saw a writedown in connection with its significant stake in Canopy. It recognized a $839-million decrease in the fair value of its Canopy investments during the quarter, which ended Aug. 31.In that second quarter of its 2020 financial year, Constellation reported a loss per share of $2.77 or earnings of $2.72 on an adjusted basis. Excluding Canopy's equity losses, Constellation said it earned $2.91 per share on a comparable basis.Linton has moved on to advisory roles at a number of companies, including a U.S.-based dispensary, and Bell told shareholders at the company's annual general meeting in September that the search for a new Canopy CEO is "well underway."He expects to have a new chief executive in place by the end of the year. This report by The Canadian Press was first published Oct. 10, 2019.Companies in this story: (TSX:WEED) The Canadian Press

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    The Motley Fool

    Will Canopy Growth (TSX:WEED) Run Out of Cash Before it Becomes Profitable?

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    On October 8, Piper Jaffray senior analyst Michael Lavery voiced his opinions about the impact of vaping on cannabis stocks in an interview.

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    Bloomberg

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    The Motley Fool

    1 Champion Weed Stock to Buy Before Cannabis 2.0

    Cannabis 2.0 is right around the corner, and Canopy Growth Corp (TSX:WEED)(NYSE:CGC) could be the perfect buy-and-hold cannabis stock for you to consider right now.

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  • Canopy Growth Announces New Chair of the Board of Directors
    CNW Group

    Canopy Growth Announces New Chair of the Board of Directors

    SMITHS FALLS, ON, Oct. 10, 2019 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:WEED.TO - News) (NYSE:CGC - News) is pleased to announce that David Klein has been appointed Chair of its Board of Directors effective immediately. Mr. Klein currently serves as the Executive Vice President and Chief Financial Officer of Constellation Brands, Inc. He has held numerous executive positions in the finance sector over the past 30 years, with a track record of excellence. Mr. Klein specializes in corporate strategy, all aspects of finance and accounting, investor relations, mergers and acquisitions, and information technology.

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    Struggling American family farms are praising a cash crop worth more than US$45,000 per acre, but the hemp-derived CBD boom isn’t cropping up nearly as much attention in Canada.