22:56:22 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canopy Growth Corp
Symbol WEED
Shares Issued 349,362,249
Close 2020-01-28 C$ 31.45
Market Cap C$ 10,987,442,731
Recent Sedar Documents

FP says Canopy Growth surges on BMO report

2020-01-29 08:14 ET - In the News

Also In the News (C-ACB) Aurora Cannabis Inc
Also In the News (C-OGI) Organigram Holdings Inc

The Financial Post reports in its Wednesday, Jan. 29, edition that Canopy Growth surged ahead $3.06 to close Tuesday in Toronto at $31.45. The Post's Vanmala Subramaniam writes that the stock began its advance after BMO Nesbitt Burns analyst Tamy Chen boosted her share target from $25 to $40. Ms. Chen wrote in a Tuesday morning note, "Following the stock's notable sell-off last year driven by a sub-optimal product mix (gel caps) and industry-wide challenges, we believe there is potential upside to Street expectations for FQ3/20 driven by the company's pivot into a recreational product mix that should now be better aligned with demand." Ms. Chen also raised her rating from "hold" to "buy." She noted that while Canopy and other major LPs such as Hexo, Tilray and Aphria have experienced "meaningful market-share expansion," she believes Canopy's value-price brands in particular have "likely taken some share" from Aurora Cannabis and OrganiGram Holdings.

© 2024 Canjex Publishing Ltd. All rights reserved.