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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
TSE:WEED

Canopy Growth Stock Forecast, Price & News

C$3.66
-0.83 (-18.49%)
(As of 06/30/2022 12:00 AM ET)
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Compare
Today's Range
C$3.52
C$3.80
50-Day Range
C$3.66
C$8.57
52-Week Range
C$3.52
C$29.89
Volume
3.68 million shs
Average Volume
2.57 million shs
Market Capitalization
C$1.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$8.65

Canopy Growth Stock Forecast (MarketRank)

Analyst Rating
Hold
1.79 Rating Score
Upside/​Downside
136.3% Upside
C$8.65 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.79mentions of Canopy Growth in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.83 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Canopy Growth logo

About Canopy Growth (TSE:WEED)

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.

WEED Stock News Headlines

See More Headlines

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

Company Calendar

Today
7/02/2022
Next Earnings (Estimated)
8/09/2022

Price Target and Rating

Average Stock Price Forecast
C$8.65
High Stock Price Forecast
C$22.00
Low Stock Price Forecast
C$2.50
Forecasted Upside/Downside
+136.3%
Consensus Rating
Hold
Rating Score (0-4)
1.78571428571429
Research Coverage
14 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$520.32 million
Cash Flow
C$2.71 per share
Book Value
C$9.10 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.47 billion
Optionable
Not Optionable
Beta
N/A














Canopy Growth Frequently Asked Questions

Should I buy or sell Canopy Growth stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 6 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 is Canopy Growth's stock price forecast for 2022?

14 analysts have issued 1-year price objectives for Canopy Growth's stock. Their WEED stock forecasts range from C$2.50 to C$22.00. On average, they anticipate Canopy Growth's share price to reach C$8.65 in the next twelve months. This suggests a possible upside of 136.3% from the stock's current price.
View analysts' price targets for Canopy Growth
or view top-rated stocks among Wall Street analysts.

How has Canopy Growth's stock 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 66.8% and is now trading at C$3.66.
View the best growth stocks for 2022 here
.

When is Canopy Growth's next earnings date?

Canopy Growth is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for Canopy Growth
.

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

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$3.66.

How much money does Canopy Growth make?

Canopy Growth (TSE:WEED) has a market capitalization of C$1.47 billion and generates C$520.32 million in revenue each year.

How many employees does Canopy Growth have?

Canopy Growth 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 Canopy Growth is www.canopygrowth.com. The company can be reached via phone at +1-613-5999600.

This page (TSE:WEED) was last updated on 7/2/2022 by MarketBeat.com Staff

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