TSE:WEED Canopy Growth - WEED Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Canopy Growth Corp Please log in to your account or sign up in order to add this asset to your watchlist. C$2.46 0.00 (0.00%) (As of 03/29/2023 03:45 PM ET) Add Compare Share Share Today's RangeC$2.45▼C$2.5250-Day RangeC$2.46▼C$4.1952-Week RangeC$2.45▼C$10.78Volume927,029 shsAverage Volume1.82 million shsMarket CapitalizationC$1.22 billionP/E RatioN/ADividend YieldN/APrice TargetC$4.79 ProfileAnalyst RatingsChartCompetitorsInsider TradesHeadlinesSocial Media Canopy Growth MarketRank™ ForecastAnalyst RatingHold1.60 Rating ScoreUpside/Downside94.6% UpsideC$4.79 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.72Based on 7 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.74 out of 5 stars 2.8 Analyst's Opinion Consensus RatingCanopy Growth has received a consensus rating of Hold. The company's average rating score is 1.60, and is based on 1 buy rating, 4 hold ratings, and 5 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$4.79, Canopy Growth has a forecasted upside of 94.6% from its current price of C$2.46.Amount of Analyst CoverageCanopy Growth has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for WEED. Previous Next 0.0 Dividend Strength Dividend YieldCanopy Growth does not currently pay a dividend.Dividend GrowthCanopy Growth does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WEED. Previous Next 2.6 News and Social Media Coverage News SentimentCanopy Growth has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Canopy Growth this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for WEED on MarketBeat in the last 30 days. This is a decrease of -96% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Canopy Growth to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canopy Growth insiders have not sold or bought any company stock.Percentage Held by Insiders34.73% of the stock of Canopy Growth is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 13.05% of the stock of Canopy Growth is held by institutions. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canopy Growth is -0.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Canopy Growth is -0.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioDue to a projected decrease in earnings for Canopy Growth, their PEG ratio cannot be calculated.Price to Book Value per Share RatioCanopy Growth has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Canopy Growth (TSE:WEED) StockCanopy 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.Read More Receive WEED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canopy Growth and its competitors with MarketBeat's FREE daily newsletter. Email Address WEED Stock News HeadlinesMarch 29, 2023 | benzinga.comCanopy Growth Launches Cannabis Beverage With Caffeine And Is Fined For Breach Of ServiceMarch 29, 2023 | markets.businessinsider.comBank of America Securities Remains a Sell on Canopy Growth (CGC)March 29, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 29, 2023 | msn.comThis Will Be a Big Test for the Cannabis IndustryMarch 29, 2023 | finance.yahoo.comSPRING FORWARD WITH CANOPY GROWTH'S PORTFOLIO OF CANNABIS BEVERAGESMarch 28, 2023 | msn.com3 TSX Stocks for Brave Investors to Consider Long TermMarch 28, 2023 | seekingalpha.comCanopy Growth ordered to pay C$15M for breach of service contractMarch 24, 2023 | finance.yahoo.comConstellation Brands, Inc.: Top Beer Brands and Innovation Drive Growth at Wide-Moat Constellation Brands; Stock UndervaluedMarch 29, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 21, 2023 | 247wallst.comUnusual Put Option Trade in Canopy Growth Worth $55.81KMarch 16, 2023 | marketwatch.comCanopy Growth Corp. stock rises Thursday, outperforms marketMarch 15, 2023 | marketwatch.comCanopy Growth Corp. stock outperforms market despite losses on the dayMarch 13, 2023 | markets.businessinsider.comLatest Executive Changes In Marijuana Industry, New Appointments & ResignationsMarch 11, 2023 | msn.comAre Cannabis Stocks a Good Buy in March 2023?March 9, 2023 | msn.com1 Trend for Cannabis Investors to Watch for in 2023March 1, 2023 | msn.comCanopy Growth Stock: Undervalued Gem or Falling Knife?February 28, 2023 | marketwatch.comCanopy Growth Corp. stock falls Monday, underperforms marketFebruary 24, 2023 | msn.com3 Things to Know About Canopy Growth Stock After EarningsFebruary 21, 2023 | marketwatch.comCanopy Growth to Raise $150M in Convertible Debentures SaleFebruary 21, 2023 | msn.comCanopy Growth announces agreement with institutional investor to purchase up to $150 million of convertible bondsFebruary 20, 2023 | fool.caCanopy Growth Stock: Is Now a Good Time to Invest?February 20, 2023 | theglobeandmail.comCanopy Growth’s downsizing leaves Smith Falls, a once-booming Ontario town, in limboFebruary 14, 2023 | msn.comSNDL Joins Tilray, Canopy And Curaleaf In Force Reductions: Layoffs 85 Employees At Olds, Alberta FacilityFebruary 13, 2023 | bloomberg.comCalifornia Wants Interstate Weed. That Could Backfire.February 9, 2023 | markets.businessinsider.comHere's Why Aurora Cannabis (ACB) Is MovingFebruary 9, 2023 | msn.comCanopy Growth sheds assets in Canada, plans more layoffsFebruary 8, 2023 | msn.comWill Aurora Cannabis fiscal 2023 Q2 results please investors?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive WEED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canopy Growth and its competitors with MarketBeat's FREE daily newsletter. Email Address Industry, Sector and Symbol Stock ExchangeTSE Industry Drug Manufacturers - Specialty & Generic Sub-IndustryCannabis SectorMedical Current SymbolTSE:WEED CUSIPN/A CIKN/A Webwww.canopygrowth.com Phone+1-613-5999600FaxN/AEmployees2,700Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$4.79 High Stock Price ForecastC$13.00 Low Stock Price ForecastC$1.75 Forecasted Upside/Downside+94.6%Consensus RatingHold Rating Score (0-4)1.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C($7.41) Trailing P/E RatioN/A Forward P/E RatioN/A P/E Growth-0.01Net IncomeC$-3,140,000,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-112.00% Return on Assets-6.79% Debt Debt-to-Equity Ratio91.98 Current Ratio1.73 Quick Ratio2.32 Sales & Book Value Annual SalesC$440.96 million Price / Sales2.76 Cash FlowC$1.51 per share Price / Cash Flow1.63 Book ValueC$2.88 per share Price / Book0.85Miscellaneous Outstanding Shares494,890,000Free FloatN/AMarket CapC$1.22 billion OptionableNot Optionable Beta2.28 Key ExecutivesMr. Bruce A. Linton (Age 52)Co-Founder, Chairman & Co-CEO Mr. Mark Anthony Nicholas ZekulinPres & Co-CEOMr. Timothy Rob SaundersExec. OfficerMr. Rade KovacevicExec. VPMr. Mike LeeActing Chief Financial OfficerKey CompetitorsHydropothecaryCVE:THCXKnight TherapeuticsTSE:GUDAurora CannabisTSE:ACBBausch Health CompaniesTSE:BHCConcordia InternationalTSE:CXRView All CompetitorsInsidersDavid Angelo LazzaratoSold 3,733 sharesTotal: C$11,087.01 ($2.97/share)View All Insider Transactions WEED Stock - Frequently Asked Questions Should I buy or sell Canopy Growth stock right now? 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 5 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? 10 brokers have issued 1 year price targets for Canopy Growth's stock. Their WEED share price forecasts range from C$1.75 to C$13.00. On average, they expect the company's share price to reach C$4.79 in the next year. This suggests a possible upside of 94.6% 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 stock has decreased by 21.7% and is now trading at C$2.46. 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$2.46. How much money does Canopy Growth make? Canopy Growth (TSE:WEED) has a market capitalization of C$1.22 billion 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($7.41) 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 3/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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