Home Daily Stock Opinions and Ratings Canopy Growth Corp. (WEED-T)

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Canopy Growth Corp. (WEED-T)

240 watching

TSE:WEED

1.12
0.02 (1.75%) 1d
Jun 2, 2023, 6:29 pm
0
DON'T BUY

Canopy Growth Corp.(WEED-T)

24/05/2023
Canopy Growth Corp.

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.

agriculture
Bruce Murray
$1.430
No
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WATCH

Canopy Growth Corp.(WEED-T)

21/11/2022
Canopy Growth Corp.
It is the biggest in the Canadian market and is moving into the U.S. market as well. He focuses on the U.S. market. An inventory of cannabis products is building in New York with some of it being the illegal variety.
agriculture
Bruce Campbell (2)
$4.870
No
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DON'T BUY

Canopy Growth Corp.(WEED-T)

11/10/2022
Canopy Growth Corp.
Allan Tong’s Discover Picks Where does this leave the granddaddy of them all? Unlike the other two operators, Canopy has a huge presence in Canada which makes up roughly 60% of sales. A major drag here is cheap black-market weed, which keeps the price of ganja way below $10 a gram. (Cannabis is the only thing that’s gone down in price in 2022.) Still, if projections are correct, if the number of retailers plummets in coming months, and if supply shrinks and prices climb, then there is hope for revenue increases for Canopy. Read 3 Cannabis Stocks to go Higher for our full analysis.
agriculture
Stockchase Discover
$3.230
Unknown
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DON'T BUY

Canopy Growth Corp.(WEED-T)

28/10/2021
Canopy Growth Corp.
A millionaire stock? Vivid imagination. Hasn't made a penny to date. Balance sheet is sloping down, as it's consuming equity. Every time it takes a run, many people run for the exits. Pure speculation, a gamble, fluctuates wildly. Doesn't see the earnings or explosive growth in the Canadian market.
agriculture
Ross Healy
$15.860
No
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HOLD

Canopy Growth Corp.(WEED-T)

15/10/2021
Canopy Growth Corp.
They continue to be challenged in Canada. They overbuilt growth facilities. What is more important is what they are doing with their US strategy. They have an option to own assets in the US if it becomes legal in the US. They also have a partnership for gummies. Starting to look at cannabis market has a global opportunity. They will have an immediate and dominant position if the US legalizes cannabis.
agriculture
Bruce Campbell (2)
$16.520
No
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DON'T BUY

Canopy Growth Corp.(WEED-T)

05/10/2021
Canopy Growth Corp.
He was critical of the first-generation weed companies, then finally bought Curaleaf, because it operates in the U.S. WEED is backed by a big beverage company, so governance is fine. WEED operates in the much-smaller Canadian market, whereas the real money is and will be in America which he expects to legalize weed eventually.
agriculture
Brian Madden
$16.630
No
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PAST TOP PICK

Canopy Growth Corp.(WEED-T)

08/12/2020
Canopy Growth Corp.
(A Top Pick Dec 09/19, Up 30%) Still likes this long-term, but he's now focused on U.S. weed names. He prefers other names.
agriculture
Bruce Campbell (2)
$36.470
Owned
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BUY

Canopy Growth Corp.(WEED-T)

02/07/2020
Canopy Growth Corp.
He has looked at the US or niche producers in Canada. This would be the best of the Canadian producers, though. He feels they will be the dominant leader without question.
agriculture
Bruce Campbell (2)
$21.990
No
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TOP PICK

Canopy Growth Corp.(WEED-T)

28/02/2020
Canopy Growth Corp.
He ended up buying this recently. It was an over bought sector and stock. It has based since then and it is still in that base. Compared to everything else, it hasn't fallen greatly. (Analysts’ price target is $32.27)
agriculture
Keith Richards
$25.440
Owned
UnlockRating
BUY

Canopy Growth Corp.(WEED-T)

13/02/2020
Canopy Growth Corp.

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.

agriculture
Bruce Campbell (2)
$26.020
Unknown
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DON'T BUY

Canopy Growth Corp.(WEED-T)

30/12/2019
Canopy Growth Corp.
After all the hopes and dreams it turned out to be a 'sell on news' type of thing. The space has been a bit of a disaster. He does not think he is short this one but it is not a space he is keep on.
agriculture
James Hodgins
$25.110
No
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PAST TOP PICK

Canopy Growth Corp.(WEED-T)

27/12/2019
Canopy Growth Corp.
(A Top Pick Dec 17/18, Up 30%) The covered call expired in July, which is why his returns were high. The stock has since plummeted with lots of challenges and changes in administration. If you did the option, then you did get the maximum amount and he got lucky.
agriculture
Richard Croft
$26.270
Unknown
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DON'T BUY

Canopy Growth Corp.(WEED-T)

18/12/2019
Canopy Growth Corp.
He would not touch any of the cannabis stocks. They simply do not trade on any meaningful valuation metric. Even the big players do not know when they are going to become profitable. There are too many participants and there is no brand recognition yet.
agriculture
Norman Levine
$27.180
No
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DON'T BUY

Canopy Growth Corp.(WEED-T)

13/12/2019
Canopy Growth Corp.
She does not own stocks in the cannabis space. It is still too early to know how rules will unfold. Legalizing has not eliminated the black market, due to the price differential. She would consider this more a short term trade rather than a long term hold.
agriculture
Christine Poole
$27.850
No
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TOP PICK

Canopy Growth Corp.(WEED-T)

09/12/2019
Canopy Growth Corp.
He thinks the cannabis business is going to be one of the fastest growing over the next decade. WEED-T is leading the way. This year the market was challenging. The sell off will be done with tax loss selling as people focus on some of the new products. (Analysts’ price target is $28.23)
agriculture
Bruce Campbell (2)
$24.720
Owned
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Canopy Growth Corp.(WEED-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 2

Stockchase rating for Canopy Growth Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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. 0 analysts recommended to BUY the stock. 2 analysts 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 2023-06-02, Canopy Growth Corp. (WEED-T) stock closed at a price of $1.12.

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