The stock of Canopy Growth Corp (TSE:CGC) is a huge mover today! About 1.36 million shares traded hands. Canopy Growth Corp (TSE:CGC) has risen 166.02% since April 1, 2016 and is uptrending. It has outperformed by 164.07% the S&P500.
The move comes after 5 months positive chart setup for the $849.32M company. It was reported on Nov, 7 by Barchart.com. We have $11.47 PT which if reached, will make TSE:CGC worth $492.61M more.
More recent Canopy Growth Corp (TSE:CGC) news were published by: Bloomberg.com which released: “Snoop Dogg Partnership Sends Canadian Weed Stock to Epic High” on October 06, 2016. Also Midasletter.com published the news titled: “Canopy Growth Corp: Dominating the Canadian Medical Marijuana Space” on May 13, 2016. Fool.ca‘s news article titled: “Why the US Election Could Be Very Big News for Canopy Growth Corp.” with publication date: November 07, 2016 was also an interesting one.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The company has a market cap of $849.32 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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