CGC
Canopy GrowthCGC
CGC
About: Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include skincare products under Martha Stewart CBD and Storz & Bickel vaporizers. Canopy growth merged its US assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.
Employees: 1,029
0
Funds holding %
of 6,790 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
321% more call options, than puts
Call options by funds: $96.9M | Put options by funds: $23M
0.38% less ownership
Funds ownership: 9.45% [Q2] → 9.08% (-0.38%) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 43
4% less funds holding
Funds holding: 226 [Q2] → 217 (-9) [Q3]
8% less capital invested
Capital invested by funds: $46.3M [Q2] → $42.8M (-$3.57M) [Q3]
23% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 40
Research analyst outlook
We haven’t received any recent analyst ratings for CGC.
Financial journalist opinion
Based on 20 articles about CGC published over the past 30 days
Neutral
PRNewsWire
2 days ago
Canopy Growth's Seasonal Essentials for Gifting, Gathering, and Unwinding
Holiday cheer starts here—elevate the season with festive flavours and fresh favourites featuring the latest and greatest from Canopy's premium product portfolio SMITHS FALLS, ON , Dec. 4, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today the launch of two holiday-inspired cannabis products from Tweed, including a sugar-free Cranberry Ginger Ale and Tweed Snowtorious 91K flower, to bring a little extra cheer to the season's festivities. Tweed Cranberry Ginger Ale With a crisp, refreshing flavour, Tweed Cranberry Ginger Ale pays homage to a classic Canadian favourite, reimagined for the holidays.
Neutral
PRNewsWire
4 days ago
Canopy Growth and Acreage Provide Update on Closing Timeline
SMITHS FALLS, ON, and NEW YORK , Dec. 2, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, and Acreage Holdings, Inc. ("Acreage") (CSE: ACRG.A.U, ACRG.B.U)(OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., are pleased to announce that it is anticipated that Canopy USA, LLC ("Canopy USA ") will complete its acquisition of Acreage on or around December 9, 2024, subject to the satisfaction or waiver of closing conditions set out in the Arrangement Agreements (as defined below). Canopy Growth and Acreage are party to an arrangement agreement dated April 18, 2019, as amended (the "Fixed Share Arrangement Agreement"), relating to the proposed acquisition (the "Fixed Share Acquisition") of all issued and outstanding Class E subordinate voting shares of Acreage (the "Fixed Shares") pursuant to a plan of arrangement under the Business Corporations Act (British Columbia).
Neutral
Market Watch
1 week ago
Hemp-based THC revenue may make cannabis stocks more appealing—but there are risks
With cannabis stocks showing steep losses this year on stalled legalization on the U.S. federal level, some companies in the sector are turning to the more thinly-regulated business of THC derived from hemp as a way to potentially excite Wall Street with new revenue streams.
Positive
Zacks Investment Research
1 week ago
Canopy Growth Corporation (CGC) is Attracting Investor Attention: Here is What You Should Know
Canopy Growth (CGC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Positive
MarijuanaStocks
1 week ago
3 Marijuana Stocks For Your Holiday Trading
What are marijuana stock investors searching for this holiday season? For starters, some companies have recently reported strong quarterly earnings. The better a company performs, the more intriguing it looks to people to invest in it. Right now, many cannabis companies are making headway outside of the public sector. For instance, there has been a rapid expansion of dispensaries opening across the United States.
Negative
Market Watch
1 week ago
Struggling pot company Canopy Growth taps turnaround pro from outside the industry as CEO
With its stock price down about 19% so far this year and a string of money-losing quarters, Canopy Growth tapped Luc Mongeau as chief executive, taking over from David Klein on Jan. 6.
Neutral
PRNewsWire
1 week ago
Canopy Growth Announces Mr. Luc Mongeau As The Company's Next CEO
An accomplished senior leader with more than 25 years of CPG experience, Mr. Mongeau has been actively engaged with the Company's board for nearly two years This appointment follows a comprehensive search to succeed Mr.
Neutral
Accesswire
1 week ago
Acreage Provides Update on Corporate Transactions
NEW YORK, NY / ACCESSWIRE / November 25, 2024 / Acreage Holdings, Inc. ("Acreage" or the "Company") (CSE:ACRG.A.U, ACRG.B.U)(OTCQX:ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., is pleased to announce that, further to its press releases of June 4 and June 5, 2024, Acreage anticipates that Canopy USA, LLC ("Canopy USA") will complete its acquisition of Acreage pursuant to the Acquisitions (as defined below) in mid-December, 2024. As further described below, as a result of the dilution in respect of the Offering (as defined below) completed by the Company in June 2024, the Company expects that the Exchange Ratio (as defined below) relating to the Fixed Shares (as defined below) will be significantly reduced.
Negative
WSJ
2 weeks ago
Marijuana Industry Could Stay in Limbo Under Trump
A hands-off policy on cannabis will be a bad outcome for a business already struggling with ambiguous laws.
Positive
Benzinga
2 weeks ago
The U.S. Cannabis Strategy No One's Talking About: Inside Canopy's $300M Plan
Canopy Growth Corporation‘s CGC strategy for capturing the U.S. cannabis market was the focal point of a recent fireside chat hosted by Zuanic & Associates . CEO David Klein and CFO Judy Hong provided insights into Canopy USA's (CUSA) growth strategy, financial projections and its significance for investors navigating the evolving cannabis industry.
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