|Bid||27.05 x 0|
|Ask||27.25 x 0|
|Day's Range||24.72 - 27.25|
|52 Week Range||12.96 - 61.65|
|Beta (5Y Monthly)||2.49|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.71|
Shares of Village Farms International (NASDAQ: VFF) were soaring 22.6% as of 3:50 p.m. EDT on Friday. The cannabis and greenhouse produce company didn't announce any news of its own, but there were several other developments that were likely behind Village Farms' big gain. One potential factor for the Village Farms' jump was Statistics Canada's release Friday morning of data showing that cannabis sales in Canada skyrocketed in March.
Canopy Growth to Webcast Fourth Quarter and Fiscal Year 2020 Earnings Conference Call on May 29, 2020
Shares of Aurora Cannabis surged as much as 50 per cent on Friday as investors embraced stronger sales and a clearer path to profitability.
Cannabis producers have hit new lows lately, but there are a few reasons that this could be the year that investors see cannabis stocks soar once more.The post Cannabis Investors: A Boom Is Coming appeared first on The Motley Fool Canada.
Top management changes are in the cards at Canopy Growth (NYSE: CGC). The company said that its chief operating officer Andre Fernandez and chief commercial officer Dave Bigioni are no longer employed there, after mutually agreeing with Canopy Growth to depart. Both Fernandez and Bigioni were veterans of the corporate world prior to their tenures at Canopy Growth.
Constellation Brands (NYSE:STZ) exercised warrants to acquire additional shares in Canopy (TSX:WEED)(NYSE:CGC).The post The Constellation Investment Is Proving to Be Canopy’s (TSX:WEED) Most Significant Competitive Advantage appeared first on The Motley Fool Canada.
For years, the marijuana industry was the hottest investment on Wall Street. Over the past 13-plus months, cannabis stocks have been raked over the coals. Regulatory-based supply issues in Canada, high tax rates on legal-channel pot products in key U.S. states, and the inability of many North American pot stocks to access traditional forms of financing have quickly pulled the rug out from beneath this blazing hot industry.
SMITHS FALLS, Ont. — Canopy Growth Corp. says two of its top executives have left the company.The Smiths Falls, Ont.,-based cannabis company says chief operating officer Andre Fernandez and chief commercial officer Dave Bigioni have departed from the firm.Canopy's vice-president of communications, Jordan Sinclair, says in an email that the departures were mutual decisions and a search to fill their roles has begun.Fernandez says in a LinkedIn post that he worked for Canopy for four and a half years and was its 181st employee.He says he is very happy with his choice and feels now was the time to move on because the long nights and weekends at work took their toll.His and Bigioni's departures come after former Constellation Brands chief financial officer David Klein became CEO earlier this year and after Canopy laid off just shy of 800 workers in recent months.This report by The Canadian Press was first published May 12, 2020.Companies in this story: (TSX:WEED)The Canadian Press
SMITH FALLS, ON, May 12, 2020 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) officially unveiled its Cannabis 2.0 portfolio in late 2019 ...
Over the last 20 months, they have been impacted by valuation issues, a thriving black market, lower than expected demand, high inventory levels, mounting losses, health issues from the vaping scandals, and much more. The investor euphoria that surrounded cannabis stocks when Canada legalized marijuana for recreational use seems like a distant dream. The marijuana sector is still at a nascent stage and is expected to grow at a rapid pace in the upcoming decade.
In the latest trading session, Canopy Growth Corporation (CGC) closed at $15.08, marking a -1.71% move from the previous day.
Constellation Brands (NYSE: STZ) has given Canopy Growth (NYSE: CGC) a renewed strong vote of confidence. On May 1, the company known for its Corona beers announced that it would be exercising warrants which would give Constellation a 38.6% stake in the cannabis company. In 2018, it invested another $4 billion into Canopy Growth.
Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) just became a timely buy for growth investors looking for long-term outperformance.The post Cannabis Investors: Canopy Growth (TSX:WEED) Just Became a Strong Buy! appeared first on The Motley Fool Canada.
Investors will get to decide if the Canopy Growth’s beverage bet is paying off as cannabis fights an uphill battle for a home inside Canadian coolers.
In the latest trading session, Canopy Growth Corporation (CGC) closed at $15.76, marking a +0.13% move from the previous day.
Colorado Representative Ed Perlmutter joins Yahoo Finance’s Zack Guzman to discuss the future of cannabis in the U.S., along with his outlook on future stimulus legislation.