Canopy Growth (CGC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Recently, Zacks.com users have been paying close attention to Canopy Growth (CGC). This makes it worthwhile to examine what the stock has in store.
Investors are keeping a close eye on top Canadian cannabis stocks this week. These companies often benefit from strong U.S. market ties. Although cannabis remains federally illegal in the U.S., state-level markets continue to expand rapidly. As of early 2025, over 40 U.S. states have legalized cannabis. According to New Frontier Data, the U.S. cannabis industry could reach $72 billion by 2030. This growth potential keeps Canadian firms with U.S. exposure in focus. Recently, the U.S. Department of Health and Human Services recommended rescheduling cannabis to Schedule III. This sparked renewed optimism around federal reform.
Argentine energy company CGC announced on Friday that it will partner with state oil company YPF in a project located in the South American country's lucrative Vaca Muerta basin as a minority partner.
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 Corp.'s stock fell 9% to an all-time low on Monday after the cannabis company said it would sell up to $200 million of its stock.
Canopy Growth (CGC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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.
Canopy Growth Corporation (NASDAQ:CGC ) Q3 2025 Earnings Conference Call February 7, 2025 10:00 AM ET Company Participants Tyler Burns - Director, IR Luc Mongeau - CEO Judy Hong - CFO Conference Call Participants Aaron Grey - Alliance Global Partners Bill Kirk - ROTH Capital Partners Matt Bottomley - Canaccord Genuity Frederico Gomes - ATB Capital Markets Pablo Zuanic - Zuanic & Associates Operator Good morning. My name is Joanna, and I will be your conference operator today.
Canopy Growth Corporation (TSX:WEED, NYSE:CGC) shares plummeted after the Ontario-headquartered cannabis producer reported a greater than forecast loss for the fiscal third quarter. For the December quarter, Canopy reported a loss of C$121.9 million, down from C$216.8 million for the same period in 2023.
Canopy Growth Corporation (CGC) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to loss of $1.79 per share a year ago.
Canopy's stock reversed on earnings after seeing a rally sparked by the possibility of marijuana reform in the U.S.