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 6,809 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: 225 [Q2] → 217 (-8) [Q3]
8% less capital invested
Capital invested by funds: $46.3M [Q2] → $42.8M (-$3.57M) [Q3]
21% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 39
Research analyst outlook
We haven’t received any recent analyst ratings for CGC.
Financial journalist opinion
Based on 13 articles about CGC published over the past 30 days
Positive
MarijuanaStocks
3 days ago
Top Marijuana Stocks For Investors 2025
Marijuana stock investors are always looking for the next opportunity. Whether short or long-term gains the goal is to make money. The cannabis industry has seen its fair share of volatility both in the legal market and public sector. Even with how things are now there are many ways to enter the market. Cannabis has been on an uptrend in popularity and growing consumer demand.
Neutral
PRNewsWire
1 week ago
STORZ & BICKEL Makes History as First Vaporizer Brand to Sponsor NYLON House During Miami Art Week
The Brand's Latest Device, VENTY, Crowned Vaporizer of the Year at the 2024 EMJAYS International Cannabis Awards TUTTLINGEN, Germany , Dec. 12, 2024 /PRNewswire/ -- STORZ & BICKEL GmbH (" STORZ & BICKEL "), a world-leading manufacturer of high-end and medically certified vaporizers and a subsidiary of Canopy Growth Corporation ("Canopy Growth") (TSX: WEED) (NASDAQ: CGC), made history during Miami Art Week 2024 as the first vaporizer brand to sponsor NYLON House, hosted by Camila Cabello featuring a live performance from Ludacris and a DJ set by Hugel. Simultaneously, the brand's latest device—the VENTY —won vaporizer of the year at the EMJAYS International Cannabis Awards.
Positive
Zacks Investment Research
1 week ago
Canopy Growth Corporation (CGC) Is a Trending Stock: Facts to Know Before Betting on It
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.
Neutral
PRNewsWire
1 week ago
Canopy Growth and Acreage Confirm Canopy USA's Completed Acquisition of Acreage
Canopy USA is now positioned to consolidate operations across its three business units – Wana, Jetty, and Acreage – realizing synergies, cost savings, and supporting growth in state-legal markets across the U.S. Through coverage of key market segments including flower via Superflux, vape and concentrates via Jetty, edibles and beverages via Wana, and retail through The Botanist, Canopy USA is well positioned to accelerate growth with an emphasis on the Midwestern and Northeastern U.S. markets SMITHS FALLS, ON and NEW YORK , Dec. 9, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth") (TSX: WEED) (NASDAQ: CGC) and Acreage Holdings, Inc. ("Acreage") (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) today confirmed that Canopy USA, LLC ("Canopy USA ") has completed its acquisition (the "Acreage Acquisition") of Acreage. Canopy USA now owns 100% of the issued and outstanding shares of Acreage.
Neutral
PRNewsWire
2 weeks 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
2 weeks 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
3 weeks 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
3 weeks 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
3 weeks 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
3 weeks 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.
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