Why Canopy Growth Stock Dropped 9.5% Today [Yahoo! Finance]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: Yahoo! Finance
will begin legalizing marijuana on April 1 . There does, however, appear to have been some fluff in that price expansion, and some of the air is coming out of the bubble on Monday. As investors digest the news, Canopy Growth is giving back some gains today. As of 11 a.m. ET, Canopy Growth stock is down 9.5%. Canopy über Alles Which is totally fine. Canopy stock outperformed pretty much every marijuana stock on the planet last week, and even after today's decline, it remains up more than 50% from where it was at close of trading Thursday, before the Germany news. No wonder. As Canopy management explained to its investors, starting next week, "cannabis will officially be recognized as a non-narcotic in Germany [and] adult German consumers [can] consume cannabis legally and without fear of prosecution." This, says the company, gives it a unique opportunity to "expand its commercial presence" in Germany, both in medical and in recreational cannabis. Is Canopy Growth stock a buy?
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CGC
News
- Canopy Growth Set For U.S. Cannabis Markets [Seeking Alpha]Seeking Alpha
- 1 Stock I Wouldn't Touch With a 10-Foot Pole [Yahoo! Finance]Yahoo! Finance
- Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth Corporation [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Announces CBI Conversion to Exchangeable Shares and Newly Constituted Board of Directors [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Announces CBI Conversion to Exchangeable Shares and Newly Constituted Board of DirectorsPR Newswire
CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 4/19/24 - Form SC
- 4/19/24 - Form 4
- 4/19/24 - Form 424B3
- CGC's page on the SEC website