Canopy Growth (CGC)

Canopy Growth (CGC)

Postby winston » Tue Apr 23, 2019 2:58 pm

not vested

This Is Why Canopy Growth Is the Best Pot Stock

by Luke Lango

In addition to being the biggest player in the industry, CGC stock has long had one thing that no other cannabis company has — $4 billion in cash from Constellation Brands (NYSE:STZ).

In mid-April. Canopy struck a deal with major U.S. cannabis operator Acreage to buy that company for $3.4 billion once cannabis is legalized nationwide in the U.S.

Canopy is the star player in the legal Canadian cannabis market. But the Canadian market is peanuts. The big deal here is the U.S. market. Depending on who you ask, that market is about tenfold the size of the Canadian market.

It positions the company to fully capitalize on the $100 billion U.S. cannabis market from the onset.

The nationwide legalization of cannabis in Canada in late 2018, turned the big four Canadian pot stocks — Canopy, Aurora (NYSE:ACB), Tilray (NASDAQ:TLRY) and Cronos (NASDAQ:CRON) — from relatively unknown companies to Wall Street household names with multi-billion dollar market caps.


Source: Investor Place

https://finance.yahoo.com/news/why-cano ... 50762.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Thu May 02, 2019 9:07 pm

not vested

Canopy Growth Stock Will Fall Off as Marijuana Investors Realize Their Mistake

by James Brumley

CGC logged an operating loss of $157 million on net revenues of $83 million in its most recently reported quarter.

The top line nearly quadrupled, but gross margins fell by a quarter.

Operating expenses almost quadrupled as well.

Canopy Growth’s average selling price per gram $7.33 per gram (Canadian) was down 12% year-over-year.

Cannabis Benchmarks forecasts that cannabis prices will continue to dwindle, losing roughly another 8% of its current value by October.

Once a black-market plant that couldn’t be grown in bulk, marijuana is now a commodity.




Source: Investor Place

https://finance.yahoo.com/news/canopy-g ... 30548.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Thu May 02, 2019 9:07 pm

not vested

Canopy Growth Stock Will Fall Off as Marijuana Investors Realize Their Mistake

by James Brumley

CGC logged an operating loss of $157 million on net revenues of $83 million in its most recently reported quarter.

The top line nearly quadrupled, but gross margins fell by a quarter.

Operating expenses almost quadrupled as well.

Canopy Growth’s average selling price per gram $7.33 per gram (Canadian) was down 12% year-over-year.

Cannabis Benchmarks forecasts that cannabis prices will continue to dwindle, losing roughly another 8% of its current value by October.

Once a black-market plant that couldn’t be grown in bulk, marijuana is now a commodity.




Source: Investor Place

https://finance.yahoo.com/news/canopy-g ... 30548.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Thu May 16, 2019 3:04 pm

vested

3 Reasons Not to Sell Canopy Growth Stock

by Luke Lango

1. Trade-Related Headwinds Could Reverse Course
2. The Canadian Market Will Be Just Fine
3. The Big U.S. Market Tailwind Has Yet to Arrive


Source: Investor Place

https://finance.yahoo.com/news/3-reason ... 49957.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Thu May 23, 2019 4:56 pm

not vested

It’s Time to Load Up on CGC Stock Again

by Nicolas Chahine

Once CGC fell back into the $43 zone it slowed its deceleration because that is a support zone.

It may face resistance at $49 per share so I should lock profits once it reaches it.

If it’s a tactical trade then I’d set my stop loss below $41.75 or $39.75 per share. Because if those fail, the bears could try to retest $33 per share.


Source: Investor Place

https://finance.yahoo.com/news/time-loa ... 45545.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Sun May 26, 2019 2:41 pm

not vested

Canopy Growth Stock Could Regain Its 2019 Highs

by Bret Kenwell

Bank of America’s analysts slapped a buy rating on Canopy Growth stock with a $52 price target.

Investors were optimistic about the $3.4 billion Acreage deal.

Look for a continuation over channel resistance and its 50-day moving average. If the shares rise above this mark, it’s possible that CGC stock will show some positive follow-through.

On a decline, bulls will want to see former channel resistance hold up as support now. A break back into the channel increases the odds that CGC will test the 200-day.



Source: Investor Place

https://finance.yahoo.com/news/canopy-g ... 07993.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Wed Jun 05, 2019 8:42 pm

not vested

Canopy Growth Corp. (NYSE: CGC).

There are a number of reasons to expect more gains – big gains – to come, as Canopy cements its status as the world’s top cannabis company.

One big reason is its recent acquisition of Acreage Holdings Inc. (OTCMKTS: ACRG). Or, more specifically, the agreement is that the sale will go through if and when the United States legalizes cannabis.

With 33 states and the District of Columbia now allowing medical cannabis, that moment might not be far off. And the acquisition of Acreage would give Canopy a big leg up in penetrating this lucrative market.

But even without Acreage, Canopy has already established itself in just about every major cannabis market in the world. That includes not just Canada, where the company is based, and several U.S. states, but also the UK, Australia, South Africa, Brazil, Colombia, Germany, Denmark, and Spain, among others.

Canopy’s competition is scrambling to keep up. Harvest Health and Recreation Inc. (OTCMKTS: HRVSF) recently acquired Verano Holdings LLC for $850 million in stock. And Cresco Labs Inc. (OTCMKTS: CRLBF) shelled out $1.1 billion worth of stock for CannaRoyalty Corp. (OTCMKTS: ORHOF).

But Canopy’s global footprint is unparalleled, and that’s what’s going to keep it on top as this market expands dramatically across the world.

“Canopy will exit the next 10 years the way it’s entering them – as the King of Cannabis – and it has a place in every investor’s portfolio.”

Source: Daily Trade Alert
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Sat Jun 22, 2019 7:31 am

not vested

Canopy co-CEO defends large losses as a deserved reward for pot company’s employees

By Max A. Cherney

Linton says he believes regulations should require stock compensation for all employees making less than $200,000

The world’s largest cannabis company reported C$93.1 million in stock-based compensation in the final quarter of its fiscal year Thursday evening, amounting to just more than half of the company’s disappointing operational losses.

The stock-compensation losses were nearly a third of Canopy Growth’s overall net losses of C$323.4 million, more than three times what analysts expected.

Revenue, net of excise taxes, rose to C$94.1 million from C$22.8 million in the year-ago period, and were up sequentially from C$83 million in the third quarter.


Source: Market Watch

https://www.marketwatch.com/story/canop ... o_homepage
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Fri Jul 26, 2019 2:44 pm

not vested

Canopy Growth (CGC)

% Off 52 Week High: 38%
% Below 200-Day Moving Average: 15%
14-Day Relative Strength Index: 33

Why It Dropped: There’s been a lot of noise in the cannabis industry recently, headlined by growing inventories and rumors of weaker-than-expected demand going forward. At Canopy Growth (NYSE:CGC), that noise has coupled with operational issues (the company’s second quarter numbers weren’t too great) and executive turmoil (Canopy’s co-CEO was recently fired). All of these issues have come together to spark a near 40% sell-off in CGC stock over the past few weeks.

Why It Could Rebound: CGC stock will rebound into the end of 2019 for four reasons.
First, executive turmoil will pass as Canopy moves forward with a new CEO.
Second, Canadian cannabis market sales trends will improve meaningfully over the next few months because it appears that supply issues are resolved.
Third, investors will want to buy into CGC stock ahead of the December legalization of edibles in Canada.
Fourth, U.S. legislation should continue to progress towards nationwide legalization, thereby further opening the door for Canopy to extend its dominance into the U.S. market.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Re: Canopy Growth (CGC)

Postby winston » Thu Aug 29, 2019 2:41 pm

not vested

Canopy Growth (CGC)

Price Target: ~$45
Current Price: ~$25
Implied Upside: About 80%

Pot stocks have been killed over the past few months by a slew of bad news across the industry. Cannabis industry leader Canopy Growth (NYSE:CGC) has been no exception to this trend. Instead, it has been hit the worst. But, analysts remain largely optimistic about the company’s long-term growth prospects.

Once upon a time, CGC was a $50 stock with a bunch of promise. Canopy dominated the Canadian cannabis market without challenge. The CEO was promising $1 billion in revenue soon. They had announced their intention to explode onto the U.S. cannabis scene with the acquisition of Acreage (once cannabis became federally legal).

That was several months ago. Today, the story is much different. Canopy has reported disappointing quarters back-to-back, which in sum paint a picture of a cannabis giant losing its lead.

The CEO who promised $1 billion in revenue was canned and that $1 billion target looks more elusive than ever now. All has gone quiet on the U.S. front. CGC stock has consequently been cut in half, dropping from $50 to $25.

Analysts are advising investors to mostly look at the big picture here. Canopy is in the first inning of a long-term growth narrative. A lot of what happens today will amount to nothing more than noise in a decade. As such, investors should pay attention to the core long-term growth fundamentals. Those remain broadly healthy.

Cannabis still projects to be a huge market, Canopy still has the biggest balance sheet in the industry, they are still the sales leader, they still have the biggest production capacity, and they are still backed by a global alcoholic beverage giant.

Net net, analysts think that Canopy still projects as the leader in what will amount to a massive global cannabis market in a decade. I agree. That’s why I think recent weakness in CGC stock is a long-term opportunity.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118401
Joined: Wed May 07, 2008 9:28 am

Next

Return to A to D

Who is online

Users browsing this forum: No registered users and 1 guest