|Bid||32.48 x 0|
|Ask||32.58 x 0|
|Day's Range||30.86 - 32.98|
|52 Week Range||18.23 - 70.98|
|Beta (5Y Monthly)||3.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 11, 2020 - Feb. 16, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.72|
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until January 20, 2020 to file lead plaintiff applications in securities class action lawsuits against Canopy Growth Corporation (NYSE: CGC), if they purchased the Company’s securities between September 8, 2017 and November 13, 2019, inclusive (the "Class Period"). These actions are pending in the United States District Courts for the District of New Jersey and Southern District of New York.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (17,559.02, up 74.25 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Down 10 cents, or 8.2 per cent, to $1.12 on 34 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down two cents, or 0.72 per cent, to $2.77 on 10.3 million shares.Encana Corp. (TSX:ECA). Energy. Down 23 cents, or 4.14 per cent, to $5.33 on 9.2 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Unchanged at $1.77 on 5 million shares.Hexo Corp. (TSX:HEXO). Health care. Down 21 cents, or 9.09 per cent, to $2.10 on 4.9 million shares.Zenabis Global Inc. (TSX:ZENA). Health care. Unchanged at 16 cents on 4.3 million shares. Companies in the news:Bombardier Inc. — Two major rating agencies have voiced concerns over the finances of Bombardier Inc., whose future is being questioned as it considers options to raise its more than US$9 billion debt. S&P Global Ratings changed its outlook to "negative" from "stable" on Friday, following in the footsteps of Moody's Investors Service, which did the same Thursday evening. The Montreal-based transportation manufacturer's stock dropped another seven per cent after plunging 32 per cent on Thursday. Bombardier has faced persistent difficulties in its rail division but also raised doubts about its continued participation in the A220, less than two years after having ceded control of the program formerly called C Series to Airbus.Canopy Growth Corp. (TSX:WEED). Up 90 cents, or 2.84 per cent, to $32.57. Canopy Growth Corp. is delaying the launch of its cannabis-infused drinks. The company says work to scale up to commercial production is not complete and it is delaying the launch date while it completes the final steps. Canopy submitted its final documentation for its beverage facility to Health Canada last June and received its license in late November. The company had expected to have its beverage products on store shelves in early January. It did not say when it now plans to launch its beverage products.This report by The Canadian Press was first published Jan. 17, 2020.The Canadian Press
Canadians thirsty for Canopy Growth Corp.'s cannabis-infused drinks will have to wait a bit longer.The Smiths Falls, Ont.-based company said Friday that the debut of its cannabis drinks will now be delayed because it requires more time to develop its beverage facility and "the scaling process is not complete.""In order to deliver products that meet our customer's high standards we are electing to revise the launch date while we work through the final details," Canopy chief executive David Klein said in a statement.Canopy's beverage business is expected to be a cornerstone for the company, which is behind the brands Tweed, Tokyo Smoke, Doja and Van der Pop. Canopy has said it is preparing to produce 13 cannabis-related beverages. The company has the backing of Constellation Brands Inc., a New York company which invested $5 billion in Canopy in 2019 and has a portfolio of brands including Corona beers, Robert Mondavi and Kim Crawford wines and premium spirits from SVEDKA Vodka and Casa Noble Tequila.Canopy had expected to release its cannabis beverages in early January as part of Cannabis 2.0, where the country is allowing a second wave of products such as edibles, extracts and topicals to hit the market following the October 2018 legalization of cannabis in CanadaCannabis-infused chocolates, cookies, soft chews, mints, tea and vapes were made available on the Ontario Cannabis Store's website at 9 a.m. local time Thursday and were on sale the week before at physical retailers in the country.Canopy did not say when it now intends to launch its beverages.It submitted the final documentation for its beverage facility to Health Canada last June and received its license in late November.The company's statement said it does not believe the delay will have a material impact on its revenue for its 2020 financial year. It plans to provide an update on the beverages' status when it releases its third-quarter results.RBC Capital Markets analyst Douglas Miehm said in a note that he saw Canopy's news in a "neutral light" and believes that engineering issues connected to the introduction of tetrahydrocannabinol — the psychoactive compound that gives users a high — emulsion syrup into other ingredients have "ultimately contributed to quality assurance shortfalls upon completion.""While the release is somewhat surprising, we do reaffirm our confidence in the company's production capabilities and note that when it comes to beverages, Canopy remains ahead of the pack," he said."In our view, the issues likely rest in translating the quality, taste, and consistency generated in a lab setting to large-scale commercial manufacturing."This report by The Canadian Press was first published Jan. 17, 2020.Companies in this story: (TSX:WEED)Tara Deschamps, The Canadian Press
SMITHS FALLS, ON, Jan. 17, 2020 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:WEED.TO - News), (NYSE:CGC - News) submitted its final documentation for its beverage facility to Health Canada in late June 2019 and subsequently received the licence in late November 2019. In the seven weeks since receiving the licence, the Company has made meaningful progress towards scaling the production process for its cannabis beverages from lab scale to commercial scale. "Canopy has had seven weeks to work with THC in the brand new beverage facility to scale processes and IP it has developed in the R&D environment," said David Klein, CEO, Canopy Growth.
Beer, wine and spirit giants and small startups alike are betting on cannabis beverages disrupting the drinks market with products that can soothe sore muscles after a workout, or deliver a hangover-free buzz.
Why Enbridge Inc. (TSX:ENB)(NYSE:ENB), Nutrien Ltd. (TSX:NTR)(NYSE:NTR), and Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) are interesting options for long-term investors considering how to spread their next RRSP contribution.
Despite waning investor optimism in the cannabis space, AdvisorShares CEO Noah Hamman says 2020 could be a big year for the sector.
The business of growing cannabis is anything but green, in fact, the growing of pot is so power-intensive that its ecological footprint is quickly becoming an environmental nightmare
Investors dumped the Canopy Growth stock in 2019 because of its very disappointing performance. New catalysts, however, should help the most popular cannabis producer to make a mighty rebound in 2020.
Called Keep, the desktop storage device features biometric security to secure cannabis products, and looks good while doing it. The CTA gave them an Innovations Award Nominee in October and then weeks later told the company they were unable to use the word "cannabis" when exhibiting. Vaporizers, cannabis and tobacco alike have long been found on the CES show floor.
Canopy Growth Inc (TSX:WEED)(NYSE:CGC) stock's poor price performance in Canada weighs down the high earnings at Constellation Brands (NYSE:STZ).
TORONTO , Jan. 8, 2020 /CNW/ - https://youtu.be/PXwzPZ-UGE0 The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture ...
Discover why Hexo Corp (TSX:HEXO)(NYSE:HEXO) stock gives you more upside and less risk when compared to competitors like Canopy Growth Corp (TSX:WEED)(NYSE:CGC).