The stock of Canopy Growth Corp (TSE:CGC) is a huge mover today! About 1.43M shares traded hands. Canopy Growth Corp (TSE:CGC) has risen 318.66% since April 25, 2016 and is uptrending. It has outperformed by 313.40% the S&P500.
The move comes after 9 months negative chart setup for the $1.36 billion company. It was reported on Nov, 29 by Barchart.com. We have $10.26 PT which if reached, will make TSE:CGC worth $95.20M less.
More important recent Canopy Growth Corp (TSE:CGC) news were published by: Profitconfidential.com which released: “Canopy Growth Corp: Marijuana Stock Goes Wild…Again” on November 23, 2016, also Profitconfidential.com published article titled: “Canopy Growth Corp: The Wild Ride in CGC Stock Continues”, Bloomberg.com published: “Snoop Dogg Partnership Sends Canadian Weed Stock to Epic High” on October 06, 2016. More interesting news about Canopy Growth Corp (TSE:CGC) was released by: Seekingalpha.com and their article: “Canopy Growth Corporation: A Crazy Valuation” with publication date: November 22, 2016.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The company has a market cap of $1.36 billion. 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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