That’s a significant step towards eventual nationwide legalization. Subscriber Agreement & Terms of Use, Canopy Growth, an early mover in the Canadian market, is a multi-faceted cannabis company with a strong investment in brand, market and product differentiation. See more from Benzinga * Click here for options trades from Benzinga * Martha Stewart CBD Hits Shelves At The Vitamin Shoppe, Super Supplements * Merry Marijuana: 8 Ganja Gift Ideas For Loved Ones Who Wish To Enjoy A Holiday High(C) 2020 Why Everyone Is Investing in 5G All WRONG But which stock is the better buy now? For the best experience, please update to a modern browser. In other words, my $30 price target on CGC stock should be seen as a conservative price target. Whether you're 19 or 90, she's relatable as someone who's hip and fun, yet informed and discerning. BofA: Shifts in Public Perception Driving Change in Cannabis LegislationBofA Securities Released a Cannabis Primer That Largely Focused on Canadian Operators, Such as Canopy Growth, as Well as That of the U.S. Cannabis MarketsBryan D. Spillane, BofA's research analyst, specifically highlights Canopy Growth (NASDAQ: CGC) on their first page, saying, "Canopy well positioned for additional US market access." Canopy Growth to close five facilities across Canada, lay off 220 workers. All quotes are in local exchange time. Legalization on the Horizon International medical revenue actually declined 3% year-over-year. Canopy needs movement at the federal level to enter the U.S. And it needs to enter the U.S. to create the profits needed to move CGC stock higher. The likes of Aurora are hamstrung by balance sheet problems. InvestorPlace’s brand-new and highly controversial newsletter is rocking the industry, delivering one breakthrough stock recommendation each and every trading day delivered straight to your inbox. The House approved cannabis legalization that will likely not pass Senate. According to Canopy’s fiscal second quarter earnings release last month, the company is gaining market share, with a 200 basis point improvement in Q2 to 15.5% from 13.5% the quarter before. While sales could improve in the coming quarters as the company focuses on more profitable business lines, I’m not holding my breath. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. Is Canopy Growth Stock a Buy? Holiday shoppers can get a 25% discount on all Martha Stewart CBD products purchased online through Dec. 30, using promocode MARTHA25. The flavors are inspired by fruit grown in Martha's own garden, with no artificial colors, flavors or preservatives. And it’s legalization, not just decriminalization, that almost certainly would be required for a company like Canopy to have the needed access to financial and other resources. The rest of the world isn’t contributing enough, either. Canadian marijuana stocks mostly fell after the House on Friday passed a bill that would remove pot from the U.S. list of controlled substances. Bottom Line on CGC Stock "When I created this new line of CBD products, it was important that the assortment be delicious and elegant, but also affordable and accessible. Welcome to the Cannabis Countdown. By using this site you agree to the The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. 1 Hershey DriveSmiths Falls, ON K7A 0A8Canada855 558 9333, Sector(s): HealthcareIndustry: Drug Manufacturers—Specialty & GenericFull Time Employees: 4,434. Adjusted EBITDA was negative 85.7 million CAD. Top Stock Picker Reveals His Next 1,000% Winner Please upgrade the browser to the latest. In fact, the 40%-plus decline in CGC stock from its March 2019 peak is relatively minimal compared to a 90%-plus plunge for Aurora Cannabis (NYSE:ACB) and an 85% fall for Hexo (NYSE:HEXO), to name just two struggling rivals. There is a sense that Canopy itself is in the middle of a potentially successful turnaround. 11 Things to Know About Potential LiDAR Play CGRO Stock, Big Buying Opportunities in the Pot Stock Resurgence, 4 Megatrends the Election Has Kicked Into Hyperdrive, This Is No Time to Fight the Bulls over Canopy Growth, Canopy Growth News: 5 Things for CGC Stock Investors to Know About the BioSteel-Philadelphia 76ers Deal, Cannabis Stocks Like Canopy Growth Could See Higher Highs, With Better Pot Plays Out There, Steer Clear of Sundial Stock. This new car cloth can easily remove all the car scratches and dents from your car. As the leader in the cannabis industry, Canopy Growth has come a long way. The company is expecting to book pretax charges of $350 million to $400 million in the third and fourth quarters of fiscal 2021 to cover the costs of the moves. It’s been a long time coming. And, with the company’s growth and balance sheet issues, it’s easy to see shares holding onto their recent gains, as post-election enthusiasm for this and other pot stocks starts to fade. Search for private jet price. Canopy to close four indoor Canadian cannabis grow sites plus outdoor grow in Saskatchewan, cut 220 jobs, Canopy Growth says Martha Stewart CBD gummies now available at The Vitamin Shoppe, Aurora leads cannabis sector rally fueled by hopes for reform under President-elect Joe Biden, Aurora Cannabis leads sector rally after UN Commissions votes to remove cannabis from same schedule as heroin, Cannabis stocks surge after Trump administration sets formal transition in motion, Canopy Growth Corp. stock outperforms market on strong trading day, Canopy Growth Corp. stock falls Thursday, underperforms market, Canopy Growth launches Martha Stewart CBD gummy sampler. MindMed: Severely Undervalued With Massive Upside Yet to ComeThe Psychedelic Space Has Been Heating up With Major Players Debuting on the Public Markets or Raising Significant Capital and With Society Slowly, But Surely, Becoming Accepting of Drug CultureMindMed (OTCQB: MMEDF) is a biotech Psychedelic medicine company focused on the clinical development of LSD, Ibogaine, MDMA, DMT, and Psilocybin for anxiety, depression, addiction, ADHD, and more.Despite MindMed being up 428.40% (at the time of writing) since its IPO (on NEO) back only on March 3rd, 2020, I believe that it remains a fantastic buy with a massive upside for both short-term and long-term gains and I will lay out my thesis on why investors should consider investing.READ FULL MINDMED ARTICLE6\. Canopy Growth Corp Stock Forecast. RPT Realty upgraded to overweight from sector weight at KeyBanc Capital, National Health Investors upgraded to sector weight from underweight at KeyBanc Capital, Macerich upgraded to sector weight from underweight at KeyBanc Capital, Inogen upgraded to overweight from sector weight at KeyBanc Capital, Canopy Growth expects to book $350 mln to $400 mln in pretax charges for closures, Canopy Growth says about 220 employees will be hit by plant closures, Canopy Growth to cease operations at several plans, end outdoor grow in Saskatchewan, Canopy Growth stock price target raised to C$35 from C$27 at Benchmark, Canopy Growth releases Martha Stewart CBD Wellness Gummy holiday sampler. From an industry perspective, we're energized by the results of the recent elections and the House of Representatives' support for the MORE Act. Viewed tickers will be displayed here and cannabidiol hand creams producers, simply.... 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