What’s Ahead for Canopy Growth Corp After Today’s Huge Increase?


 What's Ahead for Canopy Growth Corp After Today's Huge Increase?

The stock of Canopy Growth Corp (TSE:CGC) is a huge mover today! About 702,155 shares traded hands. Canopy Growth Corp (TSE:CGC) has risen 97.17% since March 10, 2016 and is uptrending. It has outperformed by 91.56% the S&P500.
The move comes after 7 months positive chart setup for the $681.94 million company. It was reported on Oct, 17 by Barchart.com. We have $9.06 PT which if reached, will make TSE:CGC worth $388.71 million more.

More notable recent Canopy Growth Corp (TSE:CGC) news were published by: Reuters.com which released: “BRIEF-Canopy Growth Corp renews agreement with XIB Consulting Inc” on October 11, 2016, also Midasletter.com with their article: “Canopy Growth Corp: Dominating the Canadian Medical Marijuana Space” published on May 13, 2016, Marketwatch.com published: “Canopy Growth Corporation and Bedrocan Canada Launch Brazil Joint Venture” on June 28, 2016. More interesting news about Canopy Growth Corp (TSE:CGC) were released by: Marketwatch.com and their article: “Canopy Growth Corporation Opens the Market” published on July 26, 2016 as well as Seekingalpha.com‘s news article titled: “Canopy Growth Corp. Leads The Way Towards The Legalized MJ Market In Canada” with publication date: January 05, 2016.

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The company has a market cap of $681.94 million. The Company, through its subsidiaries Tweed Inc. , Bedrocan Canada Inc. (Bedrocan) and Tweed Farms Inc. (Tweed Farms), is engaged in the business of producing and selling legal marijuana in the Canadian medical market. It currently has negative earnings. It is also focusing on producing and selling marijuana in the recreational market in Canada.

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