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How to buy Canopy Growth Corporation stock in Canada | C$32.41

How to buy Canopy Growth Corporation stock in Canada | C$32.41

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Canopy Growth Corporation is a drug manufacturers-specialty & generic business based in Canada. Canopy Growth Corporation shares (WEED.TO) are listed on the TO and all prices are listed in Canadian Dollars. Its last market close was C$32.41 – an increase of 4.92% over the previous week. Canopy Growth Corporation employs 4,434 staff and has a trailing 12-month revenue of around C$477.4 million.

How to buy shares in Canopy Growth Corporation

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: WEED in this case.
  5. Research Canopy Growth Corporation shares. The platform should provide the latest information available.
  6. Buy your Canopy Growth Corporation shares. It's that simple.

How has Coronavirus impacted Canopy Growth Corporation's share price?

Since the stock market crash in March caused by coronavirus, Canopy Growth Corporation's share price has had significant positive movement.

Its last market close was C$32.41, which is 10.80% up on its pre-crash value of C$28.91 and 150.08% up on the lowest point reached during the March crash when the shares fell as low as C$12.96.

If you had bought C$1,000 worth of Canopy Growth Corporation shares at the start of February 2020, those shares would have been worth C$617.33 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$1,103.56.

Canopy Growth Corporation share price

Use our graph to track the performance of WEED stocks over time.

Canopy Growth Corporation shares at a glance

Information last updated 2021-01-14.
Latest market closeC$32.41
52-week rangeC$12.96 - C$41.98
50-day moving average C$35.2697
200-day moving average C$26.657
Wall St. target priceC$28.27
Dividend yield N/A (0%)
Earnings per share (TTM) C$-6.219

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Is it a good time to buy Canopy Growth Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Canopy Growth Corporation price performance over time

Historical closes compared with the last close of C$32.41

3 months (2020-10-16) 38.09%

Canopy Growth Corporation financials

Revenue TTM CADC$477.4 million
Gross profit TTM CADC$105.1 million
Return on assets TTM -6.85%
Return on equity TTM -30.83%
Profit margin 0%
Book value C$13.218
Market capitalisation CADC$15.7 billion

TTM: trailing 12 months

How to short and sell Canopy Growth Corporation shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "WEED.TO"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 9.9 million Canopy Growth Corporation shares held short by investors – that's known as Canopy Growth Corporation's "short interest". This figure is 3.9% down from 10.3 million last month.

There are a few different ways that this level of interest in shorting Canopy Growth Corporation shares can be evaluated.

Canopy Growth Corporation's "short interest ratio" (SIR)

Canopy Growth Corporation's "short interest ratio" (SIR) is the quantity of Canopy Growth Corporation shares currently shorted divided by the average quantity of Canopy Growth Corporation shares traded daily (recently around 1.2 million). Canopy Growth Corporation's SIR currently stands at 8.05. In other words for every 100,000 Canopy Growth Corporation shares traded daily on the market, roughly 8050 shares are currently held short.

However Canopy Growth Corporation's short interest can also be evaluated against the total number of Canopy Growth Corporation shares, or, against the total number of tradable Canopy Growth Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Canopy Growth Corporation's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Canopy Growth Corporation shares in existence, roughly 30 shares are currently held short) or 0.109% of the tradable shares (for every 100,000 tradable Canopy Growth Corporation shares, roughly 109 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Canopy Growth Corporation.

Find out more about how you can short Canopy Growth Corporation stock.

Canopy Growth Corporation share dividends

We're not expecting Canopy Growth Corporation to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.

Have Canopy Growth Corporation's shares ever split?

Canopy Growth Corporation's shares were split on a 1:5 basis on 4 April 2014. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Canopy Growth Corporation shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Canopy Growth Corporation shares which in turn could have impacted Canopy Growth Corporation's share price.

Canopy Growth Corporation share price volatility

Over the last 12 months, Canopy Growth Corporation's shares have ranged in value from as little as C$12.96 up to C$41.98. A popular way to gauge a stock's volatility is its "beta".

WEED.TO volatility(beta: 2.33)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Canopy Growth Corporation's is 2.3261. This would suggest that Canopy Growth Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Canopy Growth Corporation overview

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis for recreational and medical purposes primarily in Canada, the United States, Germany, and the United Kingdom. It operates through two segments, Cannabis, Hemp and Other Consumer Products; and Canopy Rivers. The company's products include dried cannabis flowers, oils and concentrates, and softgel capsules. It offers its products under the Tweed, Quatreau, Deep Space, Spectrum Therapeutics, First & Free, TWD, This Works, BioSteel, DNA Genetics CraftGrow, Tokyo Smoke, DOJA, Van der Pop, and Bean & Bud brands. The company also provides growth capital and a strategic support platform that pursues investment opportunities in the global cannabis sector. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada and NHL Alumni Association to examine the efficacy of CBD-based therapies as part of the mitigation of persistent post-concussion symptoms. As of February 14, 2020, it operated 28 cannabis retail stores under the Tweed or Tokyo Smoke name. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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