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Stock impact report

Canopy Growth (TSX:WEED): Repricing Its Valuation After Historic U.S. Cannabis Reclassification and Turnaround Moves [Yahoo! Finance]

Canopy Growth Corporation - Common Shares (CGC) 
Company Research Source: Yahoo! Finance
See our latest analysis for Canopy Growth. The stock has swung sharply around the news, with a roughly 30.8 percent 1 month share price return but a steep year to date share price decline and a 5 year total shareholder return of about negative 99 percent. Momentum is rebuilding from a very low base as investors reassess both the U.S. regulatory shift and Canopy's turnaround moves, including the planned MTL Cannabis acquisition and recent debt reduction. If this kind of rebound story has your attention, it might be worth scanning fast growing stocks with high insider ownership as a way to spot other names where insiders and growth trends are better aligned. With the share price still down heavily over one and five years, but now trading at a steep discount to analyst targets, is Canopy Growth a contrarian value play, or is the market already baking in a full turnaround? With Canopy Growth closing at CA$2.04 versus an implied fair value near CA$3.30, the most-followed narrative Show less Read more
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