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TSE:WEED

Canopy Growth - WEED Stock Forecast, Price & News

C$5.01
-0.85 (-14.51%)
(As of 12/6/2022 12:15 PM ET)
Add
Compare
Today's Range
C$4.99
C$5.82
50-Day Range
C$3.15
C$5.86
52-Week Range
C$2.79
C$14.17
Volume
2.99 million shs
Average Volume
2.92 million shs
Market Capitalization
C$2.43 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$5.76
WEED stock logo

About Canopy Growth (TSE:WEED) Stock

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada to investigate the efficacy of cannabinoids for the treatment of post-concussion neurological diseases in former NHL players; and partnership with Parent Action on Drugs. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.

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WEED Stock News Headlines

Canopy Growth 2Q Loss Widens as Competition Weighs
Canopy Growth: U.S. Push Faces Big Hiccup
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WEED Company Calendar

Today
12/06/2022
Next Earnings (Estimated)
2/09/2023

Industry, Sector and Symbol

Industry
Drug Manufacturers - Specialty & Generic
Sub-Industry
Cannabis
Sector
Medical
CIK
N/A
Fax
N/A
Employees
2,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$5.63
High Stock Price Forecast
C$13.00
Low Stock Price Forecast
C$2.00
Forecasted Upside/Downside
+15.0%
Consensus Rating
Hold
Rating Score (0-4)
1.62
Research Coverage
13 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$480.72 million
Cash Flow
C$2.58 per share
Book Value
C$3.38 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.43 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Bruce A. Linton (Age 52)
    Co-Founder, Chairman & Co-CEO
  • Mr. Mark Anthony Nicholas Zekulin
    Pres & Co-CEO
  • Mr. Timothy Rob Saunders
    Exec. Officer
  • Mr. Rade Kovacevic
    Exec. VP
  • Mr. Mike Lee
    Acting Chief Financial Officer













WEED Stock - Frequently Asked Questions

Should I buy or sell Canopy Growth stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last twelve months. There are currently 7 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WEED shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEED, but not buy additional shares or sell existing shares.
View WEED analyst ratings
or view top-rated stocks.

What is Canopy Growth's stock price forecast for 2023?

13 equities research analysts have issued twelve-month price targets for Canopy Growth's stock. Their WEED share price forecasts range from C$2.00 to C$13.00. On average, they predict the company's stock price to reach C$5.63 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for WEED
or view top-rated stocks among Wall Street analysts.

How have WEED shares performed in 2022?

Canopy Growth's stock was trading at C$11.04 at the beginning of the year. Since then, WEED stock has decreased by 51.5% and is now trading at C$5.35.
View the best growth stocks for 2022 here
.

When is Canopy Growth's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our WEED earnings forecast
.

What other stocks do shareholders of Canopy Growth own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canopy Growth investors own include Aurora Cannabis (ACB), Aphria (APHA), Aurora Cannabis (ACB), Auxly Cannabis Group (CBWTF), KushCo (KSHB), Cronos Group (CRON), Aurora Cannabis (ACBFF), GW Pharmaceuticals (GWPH) and Alibaba Group (BABA).

What is Canopy Growth's stock symbol?

Canopy Growth trades on the Toronto Stock Exchange (TSX) under the ticker symbol "WEED."

How do I buy shares of Canopy Growth?

Shares of WEED stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Canopy Growth's stock price today?

One share of WEED stock can currently be purchased for approximately C$5.35.

How much money does Canopy Growth make?

Canopy Growth (TSE:WEED) has a market capitalization of C$2.60 billion and generates C$480.72 million in revenue each year.

How many employees does Canopy Growth have?

The company employs 2,700 workers across the globe.

How can I contact Canopy Growth?

Canopy Growth's mailing address is 1 Hershey Dr, SMITHS FALLS, ON K7A 0A8, Canada. The official website for the company is www.canopygrowth.com. The company can be reached via phone at +1-613-5999600.

This page (TSE:WEED) was last updated on 12/6/2022 by MarketBeat.com Staff