14 Days Historical Data
| Date | Opening price | Closing price | Minimum price | Maximum price |
| 2022-03-11 | Open: 6.340 | Close: 6.080 | Low: 6.070 | High: 6.340 |
| 2022-03-10 | Open: 6.240 | Close: 6.400 | Low: 6.195 | High: 6.420 |
| 2022-03-09 | Open: 6.660 | Close: 6.670 | Low: 6.550 | High: 6.710 |
| 2022-03-08 | Open: 5.890 | Close: 6.270 | Low: 5.890 | High: 6.525 |
Full Answer
Is Canopy Growth Stock headed to $50?
But bringing Canopy Growth to the $50 mark -- and keeping it there -- will take more than just an overload of bullishness related to legalization.
How high can Canopy Growth Corp (Weed) go?
How High Can Canopy Growth Corp (TSX:WEED) Go? Canopy Growth Corp (TSX:WEED) (NYSE:CGC) is already the leading firm in a nascent industry. If it can preserve its dominance, and if more countries across the world replicate Canada’s move to legalize weed, the company could make $50 billion in annual sales by 2030.
Should you buy Canopy Growth Stock ahead of US marijuana legalization?
And that's because anytime there are developments related to marijuana legalization in the U.S., investors often rush out to buy out shares of Canopy Growth and other Canadian producers that could stand to benefit from accessing the U.S. market.
Should Canopy Growth borrow more money or dilute shareholders?
Borrowing more money or diluting shareholders will not actually fix the problems at hand. In order to address their debt, let alone generate earnings, Canopy has to actually bring more cash into the business.
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Will Canopy Growth ever go up?
Meanwhile, it aims to pursue further expansion in Canadian and U.S. markets. With that, Canopy Growth will push to achieve positive adjusted EBITDA in fiscal 2024.
Is Canopy Growth a good buy now?
Earnings growth is a hallmark of top stocks. Wall Street expects Canopy Growth to lose money in its current fiscal year. The stock also has a not-great SMR Rating of E. CGC stock has a Composite Rating of 11 out of a best-possible 99, according to MarketSmith.
Is Canopy Growth a good long term investment?
Among all Canadian pot stocks, Canopy Growth (CGC -8.28%) remained investors' favorite for a long time, mostly because it has made many investors rich for a while. When Canada's medical cannabis market boomed, Canopy's shares gained more than 500% at one point in 2018.
Who is the largest shareholder of Canopy Growth?
Vanguard Group, Inc.Top Institutional HoldersHolderShares% OutVanguard Group, Inc. (The)7,878,0522.00%ETF Managers Group, LLC7,325,3271.86%Shaw D.E. & Co., Inc.4,073,9801.03%Two Sigma Investments, LP3,418,3830.87%6 more rows
How much debt does Canopy Growth have?
Canopy Growth Total Long Term Debt (Quarterly): 1.510B for Dec. 31, 2021.
Why is Canopy Growth stock so low?
Mounting losses and difficulty growing revenue are just a few of the reasons Canopy Growth stock has struggled to do well in recent years. It isn't alone in its challenges, as other Canadian pot stocks are down big in the past year. If legalization in the U.S. takes place, this could be a top stock to own.
Is Canopy Growth in trouble?
Fiscal Faults The fact is, Canopy Growth hasn't been a profitable company. In the third quarter of fiscal-year 2022, the company sustained a net earning loss of $115 million. Could Canopy Growth's top-line results offer some hope for the bulls? Not really, as the company's Q3 FY2022 revenue declined 8% year-over-year.
Does Canopy Growth sell in the US?
Canopy Growth management has focused on a strategy of absorbing financial losses short term in order to dramatically expand its operations and sales in the emerging recreational and medical cannabis markets in the U.S, Canada, and globally.
Who owns TLRY stock?
Class 2 Common Stock (TLRY) Institutional Holdings | Nasdaq....New and Sold Out Positions.OWNER NAMEVANGUARD GROUP INCSHARES HELD2,061,306CHANGE (SHARES)69,344CHANGE (%)3.481%VALUE (IN 1,000S)$9,60614 more columns
How many shares does Canopy Growth have?
Share StatisticsAvg Vol (3 month) 32.78MShares Outstanding 5393.71MImplied Shares Outstanding 6N/AFloat 8251.8M% Held by Insiders 136.20%7 more rows
Who owns Tweed?
Canopy Growth CorporationTweed is owned by Canopy Growth Corporation, Canada's largest cannabis company, which employs approximately 3,000 people.
NASDAQ: CGC
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The company has created some lofty expectations for itself, and investors will be counting on it to deliver
This year started out great for Canopy Growth ( CGC -5.52% ). The marijuana producer was riding the hype surrounding marijuana legalization in the U.S., hitting a 52-week high of $56.50 on Feb. 10. But it's been a slow burn over the past four months, with the Canadian pot stock losing more than half of its value since then.
What likely needs to happen
Pot stocks can rise in value fairly quickly even if their financial results don't warrant the bullishness. And that's because anytime there are developments related to marijuana legalization in the U.S., investors often rush out to buy out shares of Canopy Growth and other Canadian producers that could stand to benefit from accessing the U.S.
NASDAQ: CGC
With a loss totaling more than 1.7 billion Canadian dollars in its most recent fiscal year (which ended March 31), there's no mystery as to why many investors have been shedding their investment in the company lately.
Will the company reach its goal?
From reading into the company's most recent results, I would be concerned that management is already working on a built-in excuse for when it fails to meet expectations. Mentioning U.S. legalization for fiscal 2022 suggests to me that the market will play a key part in Canopy Growth's profitability this fiscal year.
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