Canopy GrowthCGC
Market Cap: $380M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
177% more call options, than puts
Call options by funds: $123M | Put options by funds: $44.2M
42% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 36
3% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 36
0% more funds holding
Funds holding: 222 [Q1] → 223 (+1) [Q2]
1.67% less ownership
Funds ownership: 10.44% [Q1] → 8.77% (-1.67%) [Q2]
47% less capital invested
Capital invested by funds: $81.8M [Q1] → $43M (-$38.8M) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Piper Sandler Michael Lavery 67% 1-year accuracy 20 / 30 met price target | 55%downside $2 | Underweight Maintained | 9 Jul 2024 |
Financial journalist opinion
Based on 30 articles about CGC published over the past 30 days