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TSE:WEED

Canopy Growth (WEED) Stock Price, News & Analysis

→ Biden’s $374B Giveaway Into This Sector (From DTI) (Ad)
Free WEED Stock Alerts
C$10.79
+1.88 (+21.10%)
(As of 04/18/2024 ET)
Compare
Today's Range
C$8.84
▼
C$11.29
50-Day Range
C$3.75
▼
C$14.67
52-Week Range
C$3.74
▼
C$26.00
Volume
4.60 million shs
Average Volume
2.58 million shs
Market Capitalization
C$983.08 million
P/E Ratio
N/A
Dividend Yield
4.80%
Price Target
C$3.20
Stock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider Trades

Canopy Growth MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
71.3% Downside
C$3.20 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.88mentions of Canopy Growth in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.19 out of 5 stars

See Top Rated MarketRank™ Stocks Here
WEED stock logo

About Canopy Growth Stock (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 Price History

WEED Stock News Headlines

April 17, 2024 | benzinga.com
Canopy Growth CEO At Benzinga Conference: 'I Don't Think Our Investors Understand The Value That Sits Inside Of Canopy'
April 17, 2024 | msn.com
The Best Cannabis Stock to Invest $1,000 in Right Now
April 18, 2024 | DTI (Ad)
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
April 17, 2024 | americanbankingnews.com
Canopy Growth (TSE:WEED) Shares Down 6.4%
April 16, 2024 | msn.com
Canopy Growth shares on track for its seventh day trading in the red
April 16, 2024 | msn.com
Canopy Growth’s (TSE:WEED) U.S. Invasion Falls Flat with Shareholders
April 15, 2024 | msn.com
Canopy Is 'Cautiously Optimistic' On Cannabis Rescheduling Following Major Step Toward Entry Into US THC Market
April 12, 2024 | msn.com
CGC Stock Is on Watch Amid ‘Canopy USA’ Vote
April 18, 2024 | DTI (Ad)
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
April 11, 2024 | americanbankingnews.com
Canopy Growth (TSE:WEED) Trading Down 7.5%
April 9, 2024 | finance.yahoo.com
Why Marijuana Stocks Got Burnt Today
April 9, 2024 | benzinga.com
What's Going On With Weed Stocks Aurora Cannabis And Canopy Growth?
April 8, 2024 | msn.com
CGC Stock: What to Know Ahead of Canopy Growth’s Share Conversion Vote This Week
April 5, 2024 | msn.com
Canopy Growth Stock Has Been on a Roller Coaster: Is it a Good Buy?
April 2, 2024 | foxnews.com
Pot producers are on the rise as Florida voters decide on the fate of the use of recreational marijuana
April 2, 2024 | msn.com
Aurora Cannabis And Canopy Growth Stocks Get Higher: What's Going On?
April 2, 2024 | money.usnews.com
Pot Producers Climb as Recreational Cannabis to Go on Florida Ballot
April 1, 2024 | msn.com
Canopy Growth Stock Surged 100% Last Month: Is It a Good Buy Now?
April 1, 2024 | marketwatch.com
Canopy Growth wins ISS support for April 12 vote to pave the way for Canopy USA
April 1, 2024 | finance.yahoo.com
INDEPENDENT PROXY ADVISOR, INSTITUTIONAL SHAREHOLDER SERVICES ("ISS"), RECOMMENDS CANOPY GROWTH SHAREHOLDERS VOTE FOR THE CREATION OF EXCHANGEABLE SHARES TO FURTHER THE ADVANCEMENT OF CANOPY USA
March 28, 2024 | msn.com
Tim Seymour Sees High Times Ahead For Cannabis Stocks
March 25, 2024 | finance.yahoo.com
Why Canopy Growth Stock Dropped 9.5% Today
March 24, 2024 | msn.com
Canopy Growth Shares Surge Following Germany’s Cannabis Decriminalization, Defying Previous Predictions of Zero Value
March 22, 2024 | msn.com
Canopy Growth shares—predicted to hit zero last year—surge as Germany decriminalizes cannabis
March 21, 2024 | msn.com
Why Canopy Growth Stock Jumped 16% on Wednesday
March 18, 2024 | msn.com
What's Going On With Marijuana Stocks Tilray And Canopy Growth?
March 15, 2024 | fool.ca
Is the Worst Over for Canopy Growth Stock?
See More Headlines
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Company Calendar

Today
4/18/2024
Next Earnings (Estimated)
6/20/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Sector
Medical
Industry
Drug Manufacturers - Specialty & Generic
Sub-Industry
Cannabis
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 Target
C$3.20
High Stock Price Target
C$6.70
Low Stock Price Target
C$0.50
Potential Upside/Downside
-70.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C($21.30)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
-0.01
Net Income
C$-1,180,000,000.00
Net Margins
N/A
Pretax Margin
N/A
Return on Equity
-121.56%
Return on Assets
-8.89%

Debt

Debt-to-Equity Ratio
127.28
Current Ratio
1.79
Quick Ratio
2.32

Sales & Book Value

Annual Sales
C$362.24 million
Price / Sales
2.70
Cash Flow
C$6.57 per share
Price / Cash Flow
1.63
Book Value
C$6.57 per share
Price / Book
1.63

Miscellaneous

Outstanding Shares
91,110,000
Free Float
N/A
Market Cap
C$976.70 million
Optionable
Not Optionable
Beta
1.63
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WEED Stock Analysis - Frequently Asked Questions

Should I buy or sell Canopy Growth stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" WEED shares.
View WEED analyst ratings or view top-rated stocks.

What is Canopy Growth's stock price target for 2024?

4 brokers have issued 1-year price targets for Canopy Growth's stock. Their WEED share price targets range from C$0.50 to C$6.70. On average, they expect the company's stock price to reach C$3.20 in the next twelve months. This suggests that the stock has a possible downside of 71.3%.
View analysts price targets for WEED or view top-rated stocks among Wall Street analysts.

How have WEED shares performed in 2024?

Canopy Growth's stock was trading at C$6.76 at the beginning of the year. Since then, WEED stock has increased by 65.1% and is now trading at C$11.16.
View the best growth stocks for 2024 here.

When is Canopy Growth's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 20th 2024.
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), Auxly Cannabis Group (CBWTF), KushCo (KSHB), Cronos Group (CRON), Aurora Cannabis (ACBFF), GW Pharmaceuticals (GWPH) and Alibaba Group (BABA).

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.

This page (TSE:WEED) was last updated on 4/18/2024 by MarketBeat.com Staff

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