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$40.27 – an increase of 2.08% over the previous week. Canopy Growth Corporation employs 4,434 staff and has a trailing 12-month revenue of around C$506.1 million.
How to buy shares in Canopy Growth Corporation
- Choose a platform. If you're a beginner, our share-dealing 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 shares. The platform should provide the latest information available.
- Buy your Canopy Growth Corporation shares. It's that simple.
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 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$40.27, which is 28.21% up on its pre-crash value of C$28.91 and 210.73% 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$1,371.19.
Canopy Growth Corporation share priceUse our graph to track the performance of WEED stocks over time.
Canopy Growth Corporation shares at a glance
|Latest market close||C$40.27|
|52-week range||C$18.44 - C$64.71|
|50-day moving average||C$34.5074|
|200-day moving average||C$38.0232|
|Wall St. target price||C$37.94|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||C$-6.219|
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Note: The dollar amounts in the table below are in Canadian dollars.
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
|1 week (2021-05-06)||35.86%|
|1 month (2021-04-15)||17.27%|
|3 months (2021-02-12)||-21.26%|
|6 months (2020-11-13)||25.61%|
|1 year (2020-05-15)||80.34%|
|2 years (2019-05-15)||-33.99%|
|3 years (2018-05-15)||23.87%|
|5 years (2016-05-13)||1,442.91%|
Canopy Growth Corporation financials
|Revenue TTM||CADC$506.1 million|
|Gross profit TTM||CADC$105.1 million|
|Return on assets TTM||-6.49%|
|Return on equity TTM||-48.46%|
|Market capitalisation||CADC$10.5 billion|
TTM: trailing 12 months
How to short and sell Canopy Growth Corporation shares
- 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 13.0 million Canopy Growth Corporation shares held short by investors – that's known as Canopy Growth Corporation's "short interest". This figure is 25.6% up from 10.4 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 1.1 million). Canopy Growth Corporation's SIR currently stands at 12.02. In other words for every 100,000 Canopy Growth Corporation shares traded daily on the market, roughly 12020 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 0.1309% of the tradable shares (for every 100,000 tradable Canopy Growth Corporation shares, roughly 131 shares are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share 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 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 3 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$18.44 up to C$64.71. A popular way to gauge a stock's volatility is its "beta".
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 2.1685. 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.
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