Will Canopy Growth Still Be a Top Cannabis Stock in 5 Years?
Marijuana legalization would open up new opportunities for Canopy Growth. Large multi-state operators, however, would also benefit from any reform in the U.S. Constellation Brands has been distancing itself from Canopy Growth, and that could have dire consequences for the cannabis producer.
Why Canopy Growth Stock Jumped 9% on Monday
President Biden has been reluctant to legalize marijuana, but he won't be president much longer. Vice President Harris has been more vocal in support of marijuana legalization, and now has a chance at the top job.
Canopy Growth Corporation (CGC) Registers a Bigger Fall Than the Market: Important Facts to Note
Canopy Growth Corporation (CGC) closed the most recent trading day at $7.13, moving -1.25% from the previous trading session.
Canopy Growth Corporation (CGC) Advances But Underperforms Market: Key Facts
In the closing of the recent trading day, Canopy Growth Corporation (CGC) stood at $6.50, denoting a +0.31% change from the preceding trading day.
It Has Been 5 Years Since Canopy Growth Made This Monumental Move
Canopy Growth parted ways with its CEO five years ago as it looked to improve its financial performance. The business has grown in five years, but it continues to struggle with profitability.
Will the U.S. Election Help Give Tilray Brands and Canopy Growth a Year-End Boost?
An election year means that talk of federal marijuana legalization is likely to ramp up in the months ahead. Multiple states, including Florida, could legalize recreational marijuana later this year.
Canopy Growth Corporation (CGC) Surpasses Market Returns: Some Facts Worth Knowing
Canopy Growth Corporation (CGC) reachead $6.67 at the closing of the latest trading day, reflecting a +0.6% change compared to its last close.
Is It Too Late to Buy Canopy Growth Stock?
Canopy Growth has been slashing costs as it prepares to enter the U.S. pot market in the future. The stock often jumps in value anytime there are positive developments on the legalization front.
Canopy Growth Corporation (CGC) is Attracting Investor Attention: Here is What You Should Know
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.
Canopy Growth Takes a Big Step in Advancing Its Strategy for the U.S. Marijuana Market
Canopy Growth has pulled the trigger on its option to acquire Acreage Holdings. However, Canopy USA will ultimately be the acquirer, not Canopy Growth.
Canopy Growth's future hinges on US assets, says Jefferies
Canadian cannabis giant Canopy Growth Corporation (TSX:WEED, NYSE:CGC)'s recent strategy shift towards its US assets is a “critical” move, according to analysts at Jefferies. “Almost all of Canopy's value, in our view, is to come from its US assets,” the analysts wrote in a research note.
Why Canopy Growth Stock Crashed 10% on Thursday
Canopy Growth isn't generating positive free cash flow, and never has. To keep its operations going, the company announced plans to sell about 32 million new shares of stock, and raise $250 million in cash.
