Is weed to a good buy?
In the last year, 3 stock analysts published opinions about WEED-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock.
Who owns Canopy Growth?
Constellation BrandsIn August 2018, Constellation Brands – an American beer, wine and spirits producer with global markets – announced its investment of an additional C$5 billion (US$3.8 billion) in Canopy Growth, giving it 38% ownership of the company, up from the previous 10%.
Why does canopy lose money?
Canopy Growth said its recreational business-to-business net sales fell 40% in Canada because of insufficient supply of “in-demand” flower products and “continued price compression” particularly in the value-price dried flower business.
Why is canopy growth Corp stock dropping?
Canopy Growth reported a 36% drop in revenue from Canadian recreational cannabis sales compared with the same quarter a year ago. Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations.