Over 1 Year Ago
1 Min Read

CGC is making big moves today. Find out why the stock is trading -9% lower:



 Shares of Canopy Growth Corp (CGC) are trading -9% lower at a price of $3.465 at the time of this writing. While it's generally been a mildly gloomy day for this part of the market, the company is stumbling behind it's peers in the Health Care sector.

While there is some positive news:
-The CBD market is expected to grow at a rate of 27.8% from 2019 to 2029.
-This market is being analyzed for future growth opportunities, trends, size, share, and demand.

Investor still seem to be jumping ship today after a strong run up last week.

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 $1.71 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.

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™:

MidWestFineese - 1 upvotes - source
CGC has a lot of room to moon! They are still near record lows!

0pp0s1t3 - 0 upvotes - source
CGC anyone ?