TSE:WEED

Canopy Growth Stock Forecast, Price & News

C$36.29
+0.54 (+1.51 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
C$34.90
Now: C$36.29
C$37.05
50-Day Range
C$35.75
MA: C$41.87
C$48.77
52-Week Range
C$18.34
Now: C$36.29
C$71.60
Volume1.92 million shs
Average Volume1.63 million shs
Market CapitalizationC$13.87 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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.
Canopy Growth logo

Industry, Sector and Symbol

Industry Drug Manufacturers - Specialty & Generic
Sub-IndustryCannabis
SectorMedical
CUSIPN/A
CIKN/A
Phone+1-613-5999600
Employees2,700
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$506.12 million
Cash FlowC$4.00 per share
Book ValueC$10.59 per share

Profitability

Miscellaneous

Market CapC$13.87 billion
Next Earnings Date6/1/2021 (Estimated)
OptionableNot Optionable

Headlines

Canopy Growth (TSE:WEED) PT Lowered to C$44.00
April 9, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

0.87 out of 5 stars

Analyst Opinion: 1.8Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
C$36.29
+0.54 (+1.51 %)
(As of 04/9/2021 12:00 AM ET)
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Canopy Growth (TSE:WEED) Frequently Asked Questions

Is Canopy Growth a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 4 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Canopy Growth stock. 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 analyst ratings for Canopy Growth
or view top-rated stocks.

What stocks does MarketBeat like better than Canopy Growth?

Wall Street analysts have given Canopy Growth a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Canopy Growth wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Canopy Growth's next earnings date?

Canopy Growth is scheduled to release its next quarterly earnings announcement on Tuesday, June 1st 2021.
View our earnings forecast for Canopy Growth
.

How has Canopy Growth's stock been impacted by COVID-19?

Canopy Growth's stock was trading at C$18.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WEED shares have increased by 98.0% and is now trading at C$36.29.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for WEED?

8 Wall Street analysts have issued twelve-month target prices for Canopy Growth's shares. Their forecasts range from C$20.00 to C$64.00. On average, they anticipate Canopy Growth's share price to reach C$38.46 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
View analysts' price targets for Canopy Growth
or view top-rated stocks among Wall Street analysts.

Who are Canopy Growth's key executives?

Canopy Growth's management team includes the following people:
  • Mr. Bruce A. Linton, Co-Founder, Chairman & Co-CEO (Age 52)
  • 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

Who are some of Canopy Growth's key competitors?

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 (CGC), 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 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$36.29.

How much money does Canopy Growth make?

Canopy Growth has a market capitalization of C$13.87 billion and generates C$506.12 million in revenue each year.

How many employees does Canopy Growth have?

Canopy Growth employs 2,700 workers across the globe.

What is Canopy Growth's official website?

The official website for Canopy Growth is www.canopygrowth.com.

Where are Canopy Growth's headquarters?

Canopy Growth is headquartered at 1 Hershey Dr, SMITHS FALLS, ON K7A 0A8, Canada.

How can I contact Canopy Growth?

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


This page was last updated on 4/10/2021 by MarketBeat.com Staff
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