Why Canopy Growth (TSX:WEED) Stock Is Being Pummeled Again

The release of second-quarter fiscal 2020 results yesterday felt a little like Canopy Growth’s (TSX:WEED)(NYSECGC) day of reckoning in a long list of days that have felt the same. Canopy Growth stock is down approximately 15% at the time of writing on the day of the release. That’s pretty brutal and feels like a wake-up call. Let’s take a look…

Read More

Canopy Growth (TSX:WEED) Stock Craters But it’s Still Not Time to Sell

It’s been a tough earnings season for cannabis companies, with HEXO, Tilray, and now Canopy Growth (TSX:WEED)(NYSE:CGC) turning in disappointing results. However, while investors have been quick to sell off their shares in affected companies, the industry is brand new, and the best way to get rich in the long term is to hold onto that stock. Let’s take a…

Read More

Is Canopy Growth (TSX:WEED) Stock a Contrarian Buy at $20?

The downward spiral in the share price of Canopy Growth (TSX:WEED)(NYSE:CGC) and other pot stocks continues. What’s going on? Canada’s largest marijuana company just reported disappointing results for its most recent quarter ended September 30, 2019. Canopy Growth lost $374 million for the quarter, representing a 13% increase in losses compared to the same period last year. Management says the…

Read More

3 Takeaways From Canopy Growth’s (TSX:WEED) Horrible Quarterly Earnings

Leading marijuana growth stock Canopy Growth (TSX:WEED)(NYSE:CGC) released its anticipated fiscal second quarter 2020 results early on Thursday. In the midst of the largely bad news report were some small grains of hope-inducing numbers. Second-quarter gross revenue had grown 6% sequentially quarter over quarter to a respectable $118.3 million, but there were some necessary charges to the revenue line of…

Read More

Could Canopy Growth’s (TSX:WEED) Drake Partnership Bring the Stock Back to Life?

The TSX has been on fire lately, setting record highs and rising through the month of November. But don’t tell that to Canopy Growth (TSX:WEED)(NYSE:CGC) investors, who’ve seen their holdings stagnate while the rest of the market has been soaring. Owing to a recent $1.23 billion loss, Canopy shares have taken a beating in the markets. Starting off the year at $39,…

Read More

Canopy Growth (TSX:WEED) Stock’s Drake Partnership Pushed Stock 13% Higher

Canopy Growth (TSX:WEED)(NYSE:CGC) stock may have bottomed. It rallied 12.7% soon after the company announced that it was partnering with Canadian rapper, Aubrey Drake Graham, to launch the More Life Growth Company, a fully licensed Toronto-based cannabis producer. Under the agreement, Drake will own 60% of More Life Growth Company, while Canopy Growth will own 40%. Drake has a wide…

Read More

Marijuana Stocks: Has Canopy Growth (TSX:WEED) Reached a Bottom?

The downward spiral that hit Canada’s marijuana sector continues unabated. Canopy Growth (TSX:WEED)(NYSE:CGC), the world’s largest cannabis producer, has lost more than 60% of its value since hitting a record high in April. The major question before investors after this massive correction is, are these beaten-down stocks close to reaching a bottom? Investors are selling marijuana stocks amid disappointing results, regulatory…

Read More

Why Canopy Growth (TSX:WEED) Stock Could Soar to $40 Real Soon!

Last November, Canopy Growth (TSX:WEED)(NYSE:CGC) stock traded at $45 per share. In a couple of months, it soared about 44% to $65 per share. The growth stock can experience a similar kind of soaring action this time, too. As of writing, WEED stock trades at about $26.20 per share, and it wouldn’t be far-fetched to see it soar to the…

Read More

Marijuana Investors: 1 Easy Way to Protect Yourself From Tanking Pot Stocks

It has not been a good few months for Canada’s top marijuana companies. Shares have tanked as investors have suddenly turned bearish on the sector. There are a few things that are conspiring against pot stocks to keep them down. Many analysts are saying a wave of oversupply is on the verge of hitting the market, which will drive down…

Read More

Could Chocolate Edibles Send Canopy Growth (TSX:WEED) Stock Higher?

“Cannabis 2.0” is here, and Canopy Growth Corp (TSX:WEED)(NYSE:CGC) is jumping in in a big way. With 32 products set to launch before December and 20 more next year, it’s fully prepared to capitalize on the newly legalized product categories. One of the most interesting products the company is rolling out is chocolate edibles. Made in partnership with Almonte’s Hummingbird Chocolates, the…

Read More