TSE:WEED

Canopy Growth - WEED Stock Forecast, Price & News

C$3.75

-0.07 (-1.83%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: C$3.75
▼
C$3.94
50-Day Range: C$3.06
▼
C$5.44
52-Week Range: C$2.79
▼
C$19.98

Volume: 1.35 million shs
Average Volume: 2.61 million shs
Market Capitalization: C$1.80 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$7.93

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

September 30, 2022 | msn.com

Cannabis News Week: Oklahoma, Arkansas Go Their Separate Ways

September 28, 2022 | msn.com

Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Just Popped

September 28, 2022 | theglobeandmail.com

Wednesday’s small-cap stocks to watch: Canopy Growth’s divestiture and Algoma’s guidance

September 28, 2022 | msn.com

Canopy Growth sells retail operations but likely got much less than it paid for them, analyst says

September 27, 2022 | investing.com

Canopy Growth to Divest its Retail Business Across Canada

September 27, 2022 | seekingalpha.com

Canopy Growth to sell Canadian retail operations, including Tokyo Smoke stores

September 27, 2022 | marketwatch.com

Canopy Growth Agrees to Divest Retail Locations Across Canada

September 21, 2022 | nz.finance.yahoo.com

Global Medicinal Cannabis Market Report 2022: Featuring BOL Pharma, Tilray, Medreleaf, Canopy Growth & Others

September 20, 2022 | msn.com

New Pascagoula cannabis facility anticipates city’s green light

September 16, 2022 | benzinga.com

Canopy Growth & Martha Stewart CBD Brand Being Sued By Oregon Edibles Producer For Copyright Infringement

September 15, 2022 | apnews.com

Canada Cannabis Production Industry Report 2022 Featuring Tilray & Canopy Growth Corp - ResearchAndMarkets.com

September 8, 2022 | msn.com

1ACB, CGC : Tilray, Canopy Growth, Cronos And Aurora Get Bumped From Norway's

September 8, 2022 | investing.com

Canopy Growth Corp (WEED)

September 6, 2022 | markets.businessinsider.com

What Do You Do With Five Hundred Tons Of Surplus Weed? Cannabis Producers Have An Oversupply Problem

September 2, 2022 | msn.com

Canopy Growth's BioSteel Celebrates Toronto Blue Jays Sponsorship With Launch Of New Limited-Edition Flavor

August 29, 2022 | msn.com

Why Curaleaf, Canopy, and Aurora Cannabis Stocks Just Popped

August 26, 2022 | finance.yahoo.com

Worldwide Medical Tourism Industry to 2029 - Featuring Canopy Growth, Aurora Cannabis and MedMen Among Others

August 23, 2022 | ca.finance.yahoo.com

Canopy Growth, Cointreau settle lawsuit over Quatreau beverage line

August 21, 2022 | msn.com

Is Now the Time to Buy Cannabis Stocks?

August 18, 2022 | seekingalpha.com

Canopy Growth has rallied amid renewed hope for cannabis legalization. Is it a buy?

August 17, 2022 | finance.yahoo.com

CBD Oil Market Size to Grow by USD 3.97 billion, Growing Millennial Population in Key Cannabis Markets to Drive Growth - Technavio

August 15, 2022 | markets.businessinsider.com

Where To Buy Martha Stewart's New CBD Gummies? New Flavor Hits Shelves Under Partnership With Canopy Growth

August 15, 2022 | finance.yahoo.com

Limited-Edition Pumpkin Spice CBD Wellness Gummies™ Arrive Just in Time for Fall As Martha Stewart CBD Expands Portfolio

August 7, 2022 | theglobeandmail.com

Canopy Growth, once Canada’s cannabis star, reports $2.1-billion loss after major writedown

August 5, 2022 | nasdaq.com

Why Canopy Growth Stock Is Sinking Today

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30 days | 90 days | 365 days | Advanced Chart

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WEED Company Calendar

Today: 9/30/2022
Next Earnings (Estimated): 11/09/2022

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Drug Manufacturers - Specialty & Generic
Sub-Industry: Cannabis
Sector: Medical
Current Symbol: TSE:WEED
CUSIP: N/A
CIK: N/A
Web: www.canopygrowth.com
Phone: +1-613-5999600
Fax: N/A
Employees: 2,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$7.26
High Stock Price Forecast: C$22.00
Low Stock Price Forecast: C$2.50
Forecasted Upside/Downside: +111.4%
Consensus Rating: Hold
Rating Score (0-4): 1.69
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: -0.02
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 94.69
Current Ratio: 3.94
Quick Ratio: 3.27

Sales & Book Value

Annual Sales: C$494.23 million
Price / Sales: 3.64
Cash Flow: C$2.79 per share
Price / Cash Flow: 1.34
Book Value: C$3.93 per share
Price / Book: 0.95

Miscellaneous

Outstanding Shares: 479,979,000
Free Float: N/A
Market Cap: C$1.80 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

Key Competitors

View All Competitors

WEED Stock - Frequently Asked Questions

Should I buy or sell Canopy Growth stock right now?: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last twelve months. There are currently 6 sell ratings, 5 hold ratings and 2 buy ratings 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 2022?: 13 Wall Street research analysts have issued 12 month target prices for Canopy Growth's shares. Their WEED share price forecasts range from C$2.50 to C$22.00. On average, they anticipate the company's stock price to reach C$7.93 in the next twelve months. This suggests a possible upside of 104.8% 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 2022. Since then, WEED shares have decreased by 64.9% and is now trading at C$3.87.
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 Wednesday, November 9th 2022.
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$3.87.
How much money does Canopy Growth make?: Canopy Growth (TSE:WEED) has a market capitalization of C$1.86 billion and generates C$494.23 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 9/30/2022 by MarketBeat.com Staff

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