Canopy Growth Corporation (CGC) is on the path to ‘growing.’
What’s up with Canopy Growth Corporation ?
Canopy Growth Corporation (CGC) opened at $16.26, which means the stock is up 3.15% from yesterday’s closing price of 15.26. Today, the company has a high of $16.26 and a low of $15.32. The company has a market cap of $5.537 billion with a 52-week high of $49.28 and a 52-week low of $9.00.
What about the future forCanopy Growth Corporation
The high forecast for Canopy Growth Corporation is 30.17 while the low is 13.61. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Canopy Growth Corporation has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information CGC seems to be a safe buy.
About Canopy Growth Corporation
In April 2014, Canopy Growth became the first cannabis company in North America to be publicly traded. They followed that with being the first to complete a “bought deal”, to diversify their platform to include both greenhouse and indoor growing, to acquire a major competitor and to be listed on the Toronto Stock Exchange. Continuing those firsts, they remain the only cannabis company to be a member of a major global stock market index, in this case the S&P/TSX Composite index.