The stock of Canopy Growth Corp (TSE:CGC) is a huge mover today! About 3.52M shares traded hands or 95.56% up from the average. Canopy Growth Corp (TSE:CGC) has risen 139.64% since March 14, 2016 and is uptrending. It has outperformed by 134.09% the S&P500.
The move comes after 6 months negative chart setup for the $856.40M company. It was reported on Oct, 19 by Barchart.com. We have $6.30 PT which if reached, will make TSE:CGC worth $42.82 million less.
More notable recent Canopy Growth Corp (TSE:CGC) news were published by: Seekingalpha.com which released: “Canopy Growth: A Cannabis ETF Surrogate?” on October 18, 2016, also Reuters.com with their article: “BRIEF-Canopy Growth Corp renews agreement with XIB Consulting Inc” published on October 11, 2016, Finance.Yahoo.com published: “Canopy Growth Corporation Renews Agreement with XIB Consulting Inc.” on October 11, 2016. More interesting news about Canopy Growth Corp (TSE:CGC) were released by: Midasletter.com and their article: “Canopy Growth Corp: Dominating the Canadian Medical Marijuana Space” published on May 13, 2016 as well as Marketwatch.com‘s news article titled: “Canopy Growth Corporation and Bedrocan Canada Launch Brazil Joint Venture” with publication date: June 28, 2016.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The company has a market cap of $856.40 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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