Why Canopy Growth Just Became a Great Buy [The Motley Fool]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: The Motley Fool
As well asCanopy Growth(NYSE:CGCHorizons Marijuana Life ScienceETFHowever, there's reason to be bullish on Canopy Growth's stock, and it's not only because it's so much cheaper than it was a year ago. The company's making moves that should set it up for better results in the future, and that could make the stock a very appealing investment today.Canopy makes significant changes to global operationsOn April 6, Canopy Growth announced that it would be scaling back its presence around the world. In Africa, the cannabis producer will be exiting its operations in South Africa and Lesotho. And while it's staying in Latin America, the company will shut down its cultivation facility in Colombia and said that it would be "moving to an asset-light model that leverages local suppliers for raw materials." Even in the U.S. market, Canopy Growth is going to cease farming operations in Springfield, New York as it says it produced more than enough hemp in 09. While Canopy's not exiting the U.S., it's
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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