What's Going on With Canadian Pot Stocks? [Yahoo! Finance Canada]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: Yahoo! Finance Canada
It seems as though Canadian investors could be looking at pot stocks 2.0 in the near future. That market likely came back on many investor radars this week as Canadian pot stocks jumped by as much as 80%! And yet, it all comes down to news across the border. So let's get into what's going on, and if investors should get in, or get out. What happened The big news came as reports were released that the Drug Enforcement Administration (DEA) would be reclassifying marijuana as a less dangerous drug. After 50 years of having cannabis scheduled as a Schedule I narcotic, the substance would drop down to a Schedule III. ADVERTISEMENT This is enormous. Right now, cannabis is listed with the likes of heroin. By dropping down to Schedule III, this would put it in the same territory as Tylenol with codeine. Furthermore, the proposal by the DEA would recognize the medical uses for cannabis, as well as potential for abuse – abuse that does not pose as dangerous of risks as other narcotics
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
- Canopy Growth Corporation (CGC) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Investors Heavily Search Canopy Growth Corporation (CGC): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Forbes Daily: Marijuana Stocks High On Declassification Announcement [Forbes]Forbes
- Strength Seen in Canopy Growth (CGC): Can Its 11.0% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- Marijuana Reclassification Bid Sends Cannabis Stocks Soaring [Forbes]Forbes
CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 5/14/24 - Form EFFECT
- 5/13/24 - Form 424B3
- 5/13/24 - Form 424B3
- CGC's page on the SEC website