Canopy Growth

CGC

Market cap $465M

Canopy Growth has struggled in recent years due to significant issues in its home market. Although there has been recent progress in the U.S., that is unlikely to change Canopy Growth's prospects.

President Trump signed an executive order to reschedule marijuana in the U.S., which will make it easier to research the substance. Canopy Growth is a Canada-based producer, which won't benefit from the changes.

In the latest trading session, Canopy Growth Corporation (CGC) closed at $1.23, marking a -4.65% move from the previous day.

Bankers have argued that Pot Inc.'s far-bigger prospective business – recreational use that would include the smoking of joints and ingesting high-inducing gummies – wasn't specifically addressed by the president's edict.

Zacks.com users have recently been watching Canopy Growth (CGC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

SMITHS FALLS, Ontario--(BUSINESS WIRE)--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 that the Company has entered into a series of transactions to recapitalize its balance sheet and extend the maturity dates of all outstanding indebtedness to January 2031 at the earliest. At the conclusion of these Transactions (as defined below), Canopy Gro.

In the latest trading session, Canopy Growth Corporation (CGC) closed at $1.16, marking a -4.13% move from the previous day.

On Dec. 18, 2025, President Trump signed a pivotal Executive Order directing the Attorney General to expedite the rescheduling of cannabis. By all traditional metrics, this political victory should have sparked a sustained rally.

Stocks took a surprise tumble after the White House moved to reclassify marijuana as a less dangerous drug.

Recent regulatory developments have improved the landscape of the cannabis industry in the U.S. Canopy Growth and Aurora Cannabis are two leaders in the Canadian market that could turn their attention here. Even with this recent progress, though, neither stock has attractive prospects.