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Canopy Growth Corporation (WEED.TO)

Toronto - Toronto Real-time price. Currency in CAD
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6.15-0.97 (-13.62%)
At close: 03:59PM EDT
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  • b
    bullcrap
    CGC has bottomed today. Shorts are 20% of the float. It will take them probably 2 months based on 50% of average daily volumes to get out. A squeeze is on deck
  • T
    T
    Reminder that acreage, jetty, and wana are not on the balance sheet and would add significantly to the top line if they were.. i would never say “buy” for this stock as there is no sign this is going to flip any time soon but i think the numbers will be far better once the american based companies are included.
  • W
    Waeba
    Sir Cooper is legit and his method works
    like magic I keep on earning every single
    week with his new strategy.
  • J
    JP
    Remember shorts CGC was over 25 just a few months ago. You may want to take that into consideration when you think about shorting.
  • H
    Hollywoodbucks$$
    Those who have no faith n this company (simply) move on. The usage of recreational marijuana will be legalized before the end of the year on a federal level. Many may be left out n the cold once it happens. This IMO is the place to be but the choice is yours, best of Luck to everyone!!!
  • b
    bullcrap
    50 MILLION shares short will have to get out somewhere between $4.90 and $0. And this isn’t going to zero cos you have a strategic who owns a chunk… so risk/return is done for the shorts. They need to cover here
  • J
    JP
    Wow up over 10% today. Way to go CGC!!! How about up 25% tomorrow on positive earnings.
  • J
    John
    Canopy reported terrible year end revenues for 2022 and a big decline from the previous fiscal year. Their last quarter revenues were also poor and if extrapolated out over a year is going to bring them total revenues of less than $450 million. By my calculations Canopy has dropped from being the number one cannabis stock in revenues to not even being in the top 10. What happened to management's predictions of revenues in the multi-billions? They still have the nerve to say they want to be the number 1 cannabis company in North America. They also burned through almost a billion in cash this past year. I won't invest in any more Canadian cannabis companies. Even if U.S. politicians can somehow manage to de-criminalize marijuana in the States in the next century the Canadian companies will already be hopelessly behind all of the major U.S. cannabis multi-state operators, I see no hope for Canopy, Tilray, Aurora, Hexo and all the other Canadian companies.
  • A
    Alexander
    how do we know which of the platform is the best to invest, cause they are many platforms
  • R
    Remo
    EVERYDAY waking up and looking at the entire Stock Market...
  • R
    Rob
    Canopy is going to bring down the whole industry today . Definitely need some new management.
  • R
    Rick
    Let's be clear by taking a trip down memory lane shall we. In 2015, Constellation purchased Ballast Point Craft Brewery for $1 Billion dollars. A mere 4 years later the wrote the whole thing off and unloaded it to Kings And Convicts for next to nothing.

    These same geniuses purchased a potentially controlling position in CGC.

    Right about now these guys are running scared and will either wait this thing out (till legalization) or unload it for next to nothing.

    Throwing good money after bad will, at this juncture, get them fired from their lucrative positions.

    Bottom line, the miscalculated the timeline to legalization and are trying to get this sucker to break even until then.
    CGC still has a cap just shy of a billion, which is not sustainable. Now that the stock is under $5, margin calls will be coming in like a tsunami causing additional pricing pressure.

    Don't get me wrong, the company is positioned to pounce once legalization is federalized, but until then, the stock will go as the windblown a rudderless ship.
  • W
    Wasabi
    Bull market is just start. This stock could 🚀 any moment 😉
  • A
    Andy left is Brokee
    isnt it spoofing when you post up a huge chunk of shares with no intention to sell ? how is it that I’m seeing 100k shares going for sale on the ask side of canopy at a 6 year low on and off. once it gets nibbled it’s removed then stock price goes lower and back up the wall goes. Everyone should report this!
  • S
    Steve
    shorts not gonna sleep tonight.....be waiting for 4am to read Canopys great earnings
  • R
    Remo
    It is interesting that 16,513,875 shares traded today 5.18 high to a 4.88 close. Definitely had sellers -12% but also a lot of buyers to stay above the 52 week low of 4.60 - We never stay below 5 for long -
  • R
    Remo
    Constellation Brands (STZ) average share price that they paid is around $38 - Let that sink in for a moment. They also have repeated several times, that they will purchase CGC in it's entirety upon U.S. Federal Legalization. Analysts are citing that at this price $5 range that there is easily a 54% upside from here, without legalization. Earnings are Friday and the street believes they will BEAT on earnings. Sooo what is next? I believe Constellation will either buy more shares to cost average down (or) go for a full buy out - Before U.S. Legalization. One thing is for sure this stock is in massive play and the one cannabis stock to be watching, because when it moves, it will move up fast. GLTA
  • G
    GordonGekko
    Cramer says to buy CGC before US Federal Legalization of Cannabis,not after because you will pay alot higher price.
  • Y
    You Should Know
    Down 12%... great job Schumer.
  • W
    Wasabi
    5 star from Morningstar with target price 17$. Could skyrocket any moment 🚀