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DON'T BUY
At $9, you could buy it, but this had a weak quarter. Run by a good CEO and Constellation Brands has a stake in it. Problem is, he doesn't like the cannabis business--it's overhyped like gambling now.
Healthcare
DON'T BUY
The core business isn't that good. It's too late to sell, but don't buy any shares now.
Healthcare
DON'T BUY
He prefers Constellation Brand, an integrated weed company.
Healthcare
DON'T BUY
We need federal legalization now; he can't embrace the weed group until that legislation. He'd rather hedge in this space by buying Constellation Brands.
Healthcare
COMMENT
Lots of excitement here with the Democrats in the White House and wanting to decriminalizing cannabis, but Canopy needs full decriminalizing if it will keep going higher. Eventually, we'll get there, but likely not fast enough for the bulls. It reports Tuesday.
Healthcare
BUY

The cannabis sector under Biden and the Democrats He likes the long-term in cannabis. Canopy has the capital and strong management to stay in the long game. Also, he likes Aphria.

Healthcare
BUY

Canopy is the way to play cannabis as we enter a Biden adminIstration. Also, Canopy has the interest of Constellation Brands.

Healthcare

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TOP PICK
Biden's running mate, Kamala Harris came out during her vice-presidential debate to decriminalize cannabis. On Tuesday, voters in four American states to legalize weed, plus two more to allow medical marijuana. That means 16 states have decriminalized cannabis, plus 15 have legalized it. On Wednesday, Canadian weed stocks soared and continued to climb on Thursday. Is the weed (euphoria) already baked in? Will this rally crash into a bummer? The king of Canadian cannabis, Canopy, has seen wild swings this week on the Nasdaq, so there is risk, but also enormous reward. On Thursday, CGC-N popped over 11%. Canadian cannabis should continue to rise until American lawmakers allow their country's own growers to publicly trade. When that happens, who knows?
Healthcare
WEAK BUY

Investors are betting on the Blue Wave, a Democratic sweep. Though Biden hasn't said he'll legalize cannabis, the Dems will make it easier for the cannabis industry to operate. Of note, recreational grass is already legal in 11 states and DC; recreational weed is on the ballot in three states on Nov. 3; and two-thirds of American believe it should be legal, even more when it comes to medicinal grass. No, we won't see a boom in Canadian weed, but instead American companies because American politicians need to serve American businesses first. Canada teaches us that when you legalize weed, EVERYBODY grows it, supply surges, driving the price down and companies don't make money. The one exception is Canopy. One reason is its relationship with Constellation Brands and carries the potential of weed-infused drinks and a leg up against competitors. Canopy itself has been a dog, but is lately showing some life.

Healthcare
Showing 1 to 9 of 9 entries
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Canopy Growth(CGC-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 6

Stockchase rating for Canopy Growth 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(CGC-N) Frequently Asked Questions

What is Canopy Growth stock symbol?

Canopy Growth is a American stock, trading under the symbol CGC-N on the New York Stock Exchange (CGC). It is usually referred to as NYSE:CGC or CGC-N

Is Canopy Growth a buy or a sell?

In the last year, 6 stock analysts published opinions about CGC-N. 2 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canopy Growth.

Is Canopy Growth a good investment or a top pick?

Canopy Growth was recommended as a Top Pick by on . Read the latest stock experts ratings for Canopy Growth.

Why is Canopy Growth 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 worth watching?

6 stock analysts on Stockchase covered Canopy Growth In the last year. It is a trending stock that is worth watching.

What is Canopy Growth stock price?

On 2021-12-08, Canopy Growth (CGC-N) stock closed at a price of $10.93.