Canopy Growth Stock News

The cannabis sector has been all but demolished since the high times of 2018, when Canada legalized cannabis at the federal level, and the beginning of 2021, when President Joe Biden’s inauguration led many to believe federal legalization in the U.S. may be on the horizon. Cannabis giant Canopy Growth Corporation (NASDAQ: CGC ) has plunged about 86% from its 52-week high of $56.50 and Tilray, Inc (NASDAQ: TLRY ) has plummeted over 90% from its 52-week high of $67 that it reached in February 2021. Cannabis-based cryptocurrencies have also been decimated from their peaks in late 2017 and early 2018, but many have begun to trend higher recently. If history were to repeat, the recent uptick in weed crypto prices could signal a reversal to the upside for cannabis stocks is on the horizon but the value of the various coins most likely lies in their entertaining stories. The fundamentals of these cryptocurrencies are weak at best and some of the developers seem to have walked away from the projects and are no longer issuing news or updating their websites.

Both pot companies'' recent quarterly results were bleak, but one has a better chance to rebound.

Both pot companies' recent quarterly results were bleak, but one has a better chance to rebound.

Along with rising rate worries, growing tensions between Russia and Ukraine weighed on the global markets last week.

The company''s share price jumped after the release of its latest earnings report -- but was that just a coincidence?

There's a promising development in one U.S. state.

The company's share price jumped after the release of its latest earnings report -- but was that just a coincidence?

Canadian marijuana stocks are reversing course Monday after last week''s industrywide surge higher.

Canadian marijuana stocks are reversing course Monday after last week's industrywide surge higher.

Along with rising rate worries, growing tensions between Russia and Ukraine weighed on the global markets last week.

Wall Street was mixed-to-downbeat last week. A new 40-year high inflation reading and rising rate worries played spoilsport.

And why it''s pulling up Canopy Growth and Tilray marijuana stocks alongside it.

CGC earnings call for the period ending December 31, 2021.

Canopy Growth Corporation (NASDAQ: CGC) Q3 2022 earnings call dated Feb. 09, 2022 Corporate Participants: Tyler Burns — Director, Investor Relations David Klein — Chief Executive Officer Judy Hong — Interim Chief Financial Officer Analysts: Vivien […] The post Canopy Growth Corporation (CGC) Q3 2022 Earnings Call Transcript first appeared on AlphaStreet .

The Canadian licensed cannabis producers sector as a whole had one of its best days so far this thanks to Canopy Growth FQ3 2022 results released this morning.