Canopy Growth Corporation is a drug manufacturers-specialty & generic business based in Canada. Canopy Growth Corporation stocks (WEED.TO) are listed on the TO and all prices are listed in Canadian Dollars. Its last market close was C$27.37 – a decrease of 2.09% over the previous week. Canopy Growth Corporation employs 3,259 staff and has a trailing 12-month revenue of around C$572.4 million.
How to buy Canopy Growth Corporation stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: WEED in this case.
- Research Canopy Growth Corporation stocks. The platform should provide the latest information available.
- Buy your Canopy Growth Corporation stocks. It's that simple.
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.
What's in this guide?
- Can I buy shares in Canopy Growth Corporation?
- Has coronavirus impacted Canopy Growth Corporation shares?
- Canopy Growth Corporation shares summary
- Compare share dealing platforms
- Is Canopy Growth Corporation stock a buy or sell?
- Canopy Growth Corporation performance over time
- Can I short Canopy Growth Corporation shares?
- Canopy Growth Corporation's financials
- How volatile are Canopy Growth Corporation shares?
- Does Canopy Growth Corporation pay a dividend?
- Have Canopy Growth Corporation shares ever split?
- Other common questions
How has Coronavirus impacted Canopy Growth Corporation's stock price?
Since the stock market crash in March caused by coronavirus, Canopy Growth Corporation's stock price has had significant negative movement.
Its last market close was C$18.72, which is 35.25% down on its pre-crash value of C$28.91 and 44.44% up on the lowest point reached during the March crash when the stocks fell as low as C$12.96.
If you had bought C$1,000 worth of Canopy Growth Corporation stocks at the start of February 2020, those stocks 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$637.42.
Canopy Growth Corporation stock priceUse our graph to track the performance of WEED stocks over time.
Canopy Growth Corporation stocks at a glance
|Latest market close||C$18.72|
|52-week range||C$18.4 - C$64.71|
|50-day moving average||C$21.7333|
|200-day moving average||C$29.9613|
|Wall St. target price||C$28.52|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||C$-3.442|
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Note: The dollar amounts in the table below are in Canadian dollars.
Canopy Growth Corporation price performance over time
|1 week (2021-09-09)||-5.93%|
|1 month (2021-08-19)||-11.53%|
|3 months (2021-06-18)||-34.73%|
|6 months (2021-03-19)||-56.47%|
|1 year (2020-09-18)||-13.21%|
|2 years (2019-09-19)||-46.39%|
|3 years (2018-09-19)||-70.50%|
|5 years (2016-09-19)||364.52%|
Canopy Growth Corporation financials
|Revenue TTM||CADC$572.4 million|
|Gross profit TTM||CADC$92.9 million|
|Return on assets TTM||-4.58%|
|Return on equity TTM||-24.16%|
|Market capitalisation||CADC$7.4 billion|
TTM: trailing 12 months
How to short and sell Canopy Growth Corporation stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "WEED.TO"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 11.8 million Canopy Growth Corporation stocks held short by investors – that's known as Canopy Growth Corporation's "short interest". This figure is 4.7% up from 11.3 million last month.
There are a few different ways that this level of interest in shorting Canopy Growth Corporation stocks 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 stocks currently shorted divided by the average quantity of Canopy Growth Corporation stocks traded daily (recently around 908591.60246533). Canopy Growth Corporation's SIR currently stands at 12.98. In other words for every 100,000 Canopy Growth Corporation stocks traded daily on the market, roughly 12980 stocks are currently held short.
However Canopy Growth Corporation's short interest can also be evaluated against the total number of Canopy Growth Corporation stocks, or, against the total number of tradable Canopy Growth Corporation stocks (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 stocks (for every 100,000 Canopy Growth Corporation stocks in existence, roughly 30 stocks are currently held short) or 0.0471% of the tradable stocks (for every 100,000 tradable Canopy Growth Corporation stocks, roughly 47 stocks are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the stock price and a discouraging interest in betting against Canopy Growth Corporation.
Find out more about how you can short Canopy Growth Corporation stock.
Canopy Growth Corporation stock dividends
We're not expecting Canopy Growth Corporation to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.
Have Canopy Growth Corporation stocks ever split?
Canopy Growth Corporation stocks 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 stocks – just the quantity. However, indirectly, the new 400% higher stock price could have impacted the market appetite for Canopy Growth Corporation stocks which in turn could have impacted Canopy Growth Corporation's stock price.
Canopy Growth Corporation stock price volatility
Over the last 12 months, Canopy Growth Corporation's stocks have ranged in value from as little as C$18.4 up to C$64.71. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (TO average) beta is 1, while Canopy Growth Corporation's is 2.077. This would suggest that Canopy Growth Corporation's stocks 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 and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. 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. 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.
Canopy Growth Corporation in the news
CANOPY GROWTH CORP : Submission of Matters to a Vote of Security Holders (form 8-K)
Canopy Growth Corporation : - Introducing whisl, an Innovative CBD Vape Designed to Manage Your Mood throughout the Day
Canopy Growth : Announces Results of Annual General and Special Shareholder Meeting
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