CBD is in the Spotlight as Consumer Appetite for Health Products Grows
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: PR Newswire
NEW YORK, March 19, 2020 /PRNewswire/ -- Over the past several years, the sale of cannabidiol-based (CBD) products has rapidly increased due to varied, yet successful, legalization efforts. Specifically, in regions such as the U.S. and Canada, consumers have shown a strong demand to purchase such products in retailers, where CBD is sold in various forms such as topicals, beverages, tinctures, and patches. Notably, major retail corporations such as Amazon, Walgreens, and CVS have all decided to sell CBD products in-store as well as on their online platforms. The passage of the U.S. Farm Bill in late 2018, which legalized the commercialization of hemp-derived products, was a major contribution to the acceleration of the market. Shortly after the passage of the bill, retailers throughout the country began to stock up on CBD products as consumers became increasingly inquisitive. At the market's inception, most consumers generally had little to no knowledge about CBD, except for the fact t
Show less
Read more
Impact Snapshot
Event Time:
CGC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CGC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CGC alerts
High impacting Canopy Growth Corporation - Common Shares news events
Weekly update
A roundup of the hottest topics
CGC
News
- Why Canopy Growth, Tilray, and Cronos Group Stocks Just Cratered [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Stock: Expect A Crash After The High [Seeking Alpha]Seeking Alpha
- Pot stocks soar on report DEA will ease restrictions on cannabis [Yahoo! Finance]Yahoo! Finance
- Cannabis Stocks Spike Following Reports Marijuana Will Be Reclassified As Less Dangerous Drug [Forbes]Forbes
- Canadian cannabis stocks spike as U.S. reportedly set to reclassify marijuana [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 4/30/24 - Form 424B3
- 4/30/24 - Form 424B3
- 4/30/24 - Form 8-K
- CGC's page on the SEC website