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Bank Collapse Causes Gold Prices to Soar (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
66,000% upside on tiny biotech? (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Bank Collapse Causes Gold Prices to Soar (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Bank Collapse Causes Gold Prices to Soar (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
66,000% upside on tiny biotech? (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Bank Collapse Causes Gold Prices to Soar (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Bank Collapse Causes Gold Prices to Soar (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
66,000% upside on tiny biotech? (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Bank Collapse Causes Gold Prices to Soar (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Bank Collapse Causes Gold Prices to Soar (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
TSE:WEED

Canopy Growth (WEED) Stock Forecast, Price & News

C$0.98
-0.01 (-1.01%)
(As of 06/7/2023 ET)
Compare
Today's Range
C$0.96
C$1.03
50-Day Range
C$0.98
C$2.38
52-Week Range
C$0.96
C$6.44
Volume
2.70 million shs
Average Volume
1.68 million shs
Market Capitalization
C$510.58 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$4.03

Canopy Growth MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
311.6% Upside
C$4.03 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of Canopy Growth in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.62 out of 5 stars


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 (TSE:WEED) Shares Down 4.4%
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Canopy Growth Teams Up With Indiva To Grow WANA Brands
This NASDAQ Stock Is The Amazon Of Medical Supply
This Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More Now
Canopy Growth (TSE:WEED) Sets New 1-Year Low at $1.38
See More Headlines

WEED Price History

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$4.03
High Stock Price Forecast
C$13.00
Low Stock Price Forecast
C$1.75
Forecasted Upside/Downside
+311.6%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
8 Analysts

Profitability

Net Income
C$-3,140,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$440.96 million
Cash Flow
C$0.60 per share
Book Value
C$2.88 per share

Miscellaneous

Free Float
N/A
Market Cap
C$510.58 million
Optionable
Not Optionable
Beta
2.28

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?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 3 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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?

8 brokers have issued 12-month price targets for Canopy Growth's shares. Their WEED share price forecasts range from C$1.75 to C$13.00. On average, they predict the company's stock price to reach C$4.03 in the next year. This suggests a possible upside of 311.6% 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 2023?

Canopy Growth's stock was trading at C$3.14 on January 1st, 2023. Since then, WEED shares have decreased by 68.8% and is now trading at C$0.98.
View the best growth stocks for 2023 here
.

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$0.98.

How much money does Canopy Growth make?

Canopy Growth (TSE:WEED) has a market capitalization of C$510.58 million and generates C$440.96 million in revenue each year. The company earns C$-3,140,000,000.00 in net income (profit) each year or C($7.19) on an earnings per share basis.

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 6/8/2023 by MarketBeat.com Staff

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