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Canopy Growth Corp. (WEED-T)
TSE:WEED
2.31
0.04
(1.76%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 2 opinions in the last 12 months.
Canopy Growth Corp. (WEED-T) presents an intriguing investment opportunity in the marijuana sector, but it comes with substantial risks. On one hand, some experts view it as an attractive way to gain exposure to the cannabis industry, highlighting its potential for quality despite its speculative nature. Conversely, others caution against investing in the sector altogether, arguing that the current landscape is fraught with uncertainty and high risks. They believe that without strong catalysts, particularly in light of potential political developments in the U.S., the sector may continue to face challenges. As such, investors must weigh these differing viewpoints carefully, considering both the speculative potential and the inherent risks of investing in Canopy Growth and the broader cannabis market.
$13.460
Unknown
Avoid the sector. High risk, speculative. Doesn't see catalysts to drive the sector higher, especially if Republicans succeed in the US election.
Canadian cannabis sector was one of complete hype and hysteria. If the US de-criminalizes marijuana, companies will be able to use bank accounts and tax deductions. There will be a complete transformation of financial prospects. Look at the US, the Canadian story is done.
It is in a big downtrend and he doesn't see a base. It needs to consolidate.
The industry has never really made sense to him and is still a mess. The business is commoditized. Every state and province has a different regulation. Nothing but speculation.
They each have their own strengths. He would pick Canopy (WEED-T) because they are the 800 lb gorilla. Aurora has lots of news about balance sheet challenges but they have low costs that he thinks will still come down further.
Canopy Growth Corp.(WEED-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 2
Canopy Growth Corp.(WEED-T) Frequently Asked Questions
What is Canopy Growth Corp. stock symbol?
Canopy Growth Corp. is a Canadian stock, trading under the symbol WEED-T on the Toronto Stock Exchange (WEED-CT). It is usually referred to as TSX:WEED or WEED-T
Is Canopy Growth Corp. a buy or a sell?
In the last year, 2 stock analysts published opinions about WEED-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canopy Growth Corp..
Is Canopy Growth Corp. a good investment or a top pick?
Canopy Growth Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Canopy Growth Corp..
Why is Canopy Growth Corp. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Canopy Growth Corp. worth watching?
2 stock analysts on Stockchase covered Canopy Growth Corp. In the last year. It is a trending stock that is worth watching.
What is Canopy Growth Corp. stock price?
On 2025-02-21, Canopy Growth Corp. (WEED-T) stock closed at a price of $2.31.
Good for marijuana exposure. Speculative, but quality.