Almost 2 Years Ago
1 Min Read

Off goes CGC. The stock fell today. A closer look at the stock:



Shares of Canopy Growth Corp (CGC) are trading -6% lower at a price of $2.29 at the time of this writing.

Canopy Growth Corp has been trading between a 52-week high of $20.55 and a 52-week low of $2.13. The stock has a market cap of $923 Million.

Canopy Growth is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition, and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation,the Company offers product varieties in high quality dried flower, oil, softgel capsule, infused beverage, edible, and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. Its global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its colour-coded classification system and is a market leader in both Canada and Germany.


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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

REMO_Williams1985 - 1 upvotes - source
CANOPY (CGC) Safe Banking act for Cannabis is now scheduled to VOTE for THIS WEEK!!!!! CGC is $2.40ish was as high as $55 back in 2018 - Is this the NEXT BIG SWING UP for cannabis stocks??? Hope So - Made a HUGE investment today!

Recent-Independent - 0 upvotes - source
some weed dealers aka $CGC etc lol