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The Latest Breaking News from Canopy Growth

Canadian cannabis producer Canopy Growth (CGC) is making significant changes to its business model in an effort to turn profitable. However, given the regulatory challenges, will the company get success anytime soon? Let’s look at some of CGC’s metrics to understand if this penny stock is worth buying now.

StockNews.com

3 Cannabis Stocks to Avoid Like the Plague in March 2023

The cannabis industry faced several challenges last year, including overproduction amid high inflation weighing on overall demand. With growing concerns over rising inflation and a looming recession, the industry is expected to remain under immense pressure this year. So, it could be wise to avoid fundamentally weak cannabis stocks Tilray…

StockNews.com

Acreage Holdings: Analyst Increases Price Target To $1.44 And Remains Neutral

Acreage Holdings, Inc. (OTCQX: ACRDF) reported its financial results on Monday for the third quarter that ended September 30, 2022 (“Q3 2022”).

Benzinga

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What's Going On With Recreational Cannabis Sales In Canada? Analyst Examines The Situation

Sales growth in Canada appears to be stagnating for the cannabis sector.

Benzinga

Canopy Could End Up Delisted: NASDAQ Objects To Its Game Plan To Speed Up Entry Into US Cannabis Market

Canopy Growth’s (NASDAQ: CGC) (TSE: WEED) recently-announced plan to conquer t

Benzinga

This Is How It's Done: Why Is Canopy's US Consolidation Plan Blueprint For Other Canadian Cannabis LPs

Canadian cannabis giant Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) announced its intention to consolidate in the US via a new holding company dubbed Canopy

Benzinga

Canopy Growth Transfers Its TerrAscend Assets To Canopy USA Company

Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) and Canopy USA, LLC announced that each of the company and Canopy USA has filed an early warning report under National Instrument 62-103 - The early warning system and related take-over bid

Benzinga

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Is Canopy Growth Speeding Up Entry Into U.S. Cannabis Market With New Holding Company? It Looks That Way

Canopy Growth (NASDAQ: CGC) announced Tuesday that it is consolidating its U.S.

Benzinga

Canopy's Shares Slightly Up On Plans To Conquer US Cannabis Market

Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED) is creating a new U.S.-domiciled holding company, Canopy USA, LLC. Canopy USA will hold the company's U.S.

Benzinga

Canopy Growth, Tilray Pull Back After Enjoying Surge Following Biden's Pardon: What's Up With These Cannabis Stocks?

Canopy Growth Corp. (NASDAQ: CGC) and Tilray Brands Inc. (NASDAQ: TLRY) were plunging over 13% and 11%, respectively, at one point Friday after skyrocketing on Thursday.

Benzinga

Cannabis Stocks Surge, Reverse On Biden Marijuana Possession Pardons

Cannabis stocks dropped Friday after President Joe Biden on Thursday announced pardons for thousands of people convicted of marijuana possession under federal law. The president called on governors to take similar action for state offenses. Biden also said his administration will review whether cannabis should remain in its current federal…

Investors Business Daily

Who Are The Most Impactful Cannabis Executives Of 2022? Top Award Show Will Determine Who's #1

After the awesome Cannabis Capital Conference in Miami during 4/20 week, Benzinga is ready to go again in Chicago on September 13-14.

Benzinga

Canopy Growth & Other Cannabis Operators Just Made Some Key Executive Changes You Should Know About

As Benzinga Cannabis Capital Conference returns on September 13-14 to Chicago, gathering top CEOs, investors and leaders in the industry, let's scroll through the latest leadership changes within the space.

Benzinga

Canopy Growth International Medical Cannabis Revenue Doubles In Q1, But What About Net Sales?

Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) released its financial results for the first quarter ended June 30, 2022, revealing net revenue of CA$110 million ($85.36 million) in Q1 FY2023 declined 19% versus Q1 FY2022.

Benzinga

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Benzinga

Canopy Growth Stock Slides, Analysts Divided

Canopy Growth (NASDAQ: CGC) experienced a severe sell-off, as it currently trades at the very bottom of its 52-week range. It's almost near the bottom on shorter time spans, including the 50-day range. The stock is currently down -74.62%, severely underperforming the S&P 500 with a loss of -18.25%.

Benzinga

This Analyst Expects Stabilization Across Canadian Cannabis Market, Revises Sales Estimates For Cannabis LPs

The Canadian cannabis industry has become a competitive field over the past few years, which doesn’t come as a surprise considering its exponential growth over the same period.

Benzinga

Canopy Growth Reduces Debt By $203.6M

Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) has closed its exchange transaction of certain 4.25% unsecured notes due 2023 in order to reduce its debt obligations by approximately CA$263 million (approximately $203.6 million).

Benzinga

Cannabis Movers & Shakers: Canopy Growth, Flower One & Green Check Verified

Canopy Growth’s BioSteel Sports Names President Canopy Growth Corp.’s (NASDAQ: CGC) BioSteel Sports Nutrition Inc. has tapped Bruce Jacobson to serve as its president.

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Benzinga

BofA Says Canopy Stock Is 'A Show Me Story,' Lowers Price Target

Canopy Growth Corporation (NASDAQ: CGC)

Benzinga

Canopy Growth Enters Into Additional Exchanges With Holders Of Notes

Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) has entered into an additional privately negotiated exchange agreement with a holder of the company's outstanding 4.25% unsecured senior notes due 2023, to acquire approximately CA$7.25 million ($5.6 million) aggregate p

Benzinga

Why Canopy Growth Stock Is Getting Smoked Today

Canopy Growth Corp (NASDAQ: CGC) shares are trading lower Thursday after the company announced it entered into exchange agreements with holders of approximately $198 million of convertible notes.

Benzinga

Canopy Growth Enters Into Exchange Agreements With Holders Of Approximately $198M Of Convertible Notes

Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) has entered into privately negotiated exchange agreements with a limited number of holders, including Constellation Brands, Inc. (NYSE: STZ) through its wholly-owned s

Benzinga

Canopy Growth - Cointreau Trademark Battle Ends, Fitch Ratings Downgrades Canopy Stock

Last year, the French alcohol maker Remy Cointreau (OTC: REMYY) sued Canopy Growth Corporation (NASDAQ: CGC) for alleged trademark infringement over its CBD-infused sparkling water brand Quatreau.

Benzinga

After A Challenging March Quarter Canopy Growth Projects Positive EBITDA By FY 2024

Pablo Zuanic from Cantor Fitzgerald kept a rating of “Neutral” for the stocks of Canopy Growth Corp. (TSE: WEED) (NASDAQ: CGC) and lowered his 12-month price target to C$6.75 from C$7.75 due to the sectoral derating and red

Benzinga

Canopy Growth Stock Drops On FY And Q4 Revenue Decline

Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) released its financial results for the fourth quarter and fiscal year ended March 31, 2022, revealing net revenue of CA$520 million ($408,15 million) in FY2022 declined 5% versus FY2021.

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