Over 1 Year Ago
1 Min Read

CGC shares soared 7% today. Here's what's going on:



Shares of Canopy Growth Corp (CGC) are trading 7% higher at a price of $4.035 at the time of this writing. While the Health Care sector is having a somewhat red day in general, the company is strongly outrunning it's peers.

Canopy Growth Corp has been trading between a 52-week high of $18 and a 52-week low of $2.13. The stock has a market cap of $1.99 Billion.

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.

Headlines


TSX Lets Go of Gains
Baystreet Canada 08-17-22

Canopy Growth, Tilray other Canadian cannabis names up amid WallStreetBets chatter
Seeking Alpha 08-17-22

Canopy Growth Stock Jumps 20%: Here’s What Happened
The Motley Fool Canada 08-16-22

3 Canadian Marijuana Stocks To Buy Mid August?
Marijuana Stocks 08-16-22

Why Tilray, Canopy Growth, and Aurora Cannabis All Spiked Today
The Motley Fool 08-15-22


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™:

manning18goat - 9 upvotes - source
$56 avg on that cgc here

RalphaDog - 3 upvotes - source
CGC is actually up 70% on the month but yeah over a longer time periods it’s still been crushed

XTradeOrDieX - 3 upvotes - source
CGC TLRY

WallstBetsFan - 2 upvotes - source
if yall could squeeze CGC. that would change my life. Bought at $30

fatfishinalittlepond - 2 upvotes - source
Go little CGC go!

Ursle - 2 upvotes - source
TLRY just isn't what CGC is.

Affectionate-Idea690 - 2 upvotes - source
CGC 👀

Ursle - 1 upvotes - source
Not before CGC

Proud-Pilot-9521 - 1 upvotes - source
$CGC making a comeback

Glass-Tooth2133 - 1 upvotes - source
BBBY, CCL , TLRY, CGC are my bets 💰💰💰💰