Chances for near-term marijuana legalization just improved by quite a lot. Four years ago, plus or minus a few months, then-Senator Harris made news when, in the course of a debate with then-VP Mike Pence, she promised that a Biden-Harris administration would "decriminalize marijuana, and we will expunge the records of those who have been convicted of marijuana." Potentially, quite a lot. Over the weekend, as you may have heard, President Joe Biden announced he will not run for reelection this year, and Vic ...

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.92% higher. Canopy Growth Corporation is currently a Zacks Rank #3 (Hold). In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.07 per share and a revenue of $21 ...

The Company issued 1,968,750 flow through shares at a price of $0.16 per share for gross proceeds of $315,000 in its first tranche closing on June 21, 2024, and on July 17, 2024 the Company issued: (i) 7,625,000 flow through shares at a price of $0.16 for gross proceeds of $1,220,000; and (ii) 714,250 common shares at a price of $0.14 for gross proceeds of $99,995. Toronto, Ontario--(Newsfile Corp. - July 17, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") announces the completion ...

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.07 per share and revenue of $219.95 million. These totals would mark changes of +73.58% and -10.04%, respectively, from last year. In the latest market close, Canopy Growth Corporation (CGC) reached $6.50, with a +0.31% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciate ...

Here's a look at how the company and the stock have fared since then, and if Canopy Growth has indeed become a better buy. Constellation Brands was a key investor in the business, and the cannabis producer's poor financials were hurting its own numbers. Klein came over from Constellation, presumably to help clean up the business and improve the financials. The stock has taken a beating in five years Overall, there's no compelling reason to say that Canopy Growth is in a better situation today than it was fi ...

Two stocks that often surge when there's talk of marijuana reform are Canopy Growth (CGC -1.12%) and Tilray Brands (TLRY 0.86%). They are among the most popular and recognizable pot stocks on the market, and they have a lot to gain should legalization take place. Cannabis stocks have generally done well during the fourth quarters of election years. Could their shares rally toward the end of the year? Following the 2020 election, shares of Canopy Growth and Tilray Brands took off. President Joe Biden's elect ...

Canopy Growth Corporation (CGC) ended the recent trading session at $6.67, demonstrating a +0.6% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.3%. The investment community will be paying close attention to the earnings performance of Canopy Growth Corporation in its upcoming release. It is anticipated that the company will report an EPS of -$0.32, marking a 20% rise compared to ...

Canopy Growth's fundamentals remain underwhelming Are the cannabis stock's best days behind it? Fast-forward to today, and I would hesitate to classify the stock as a leading company or a top growth stock to own. There are larger cannabis companies than Canopy Growth out there, and it hasn't been much of a growth business of late -- it has been slashing costs and pivoting to an "asset-light" model in order to conserve cash. But Canopy remains hopeful about the U.S. legalizing cannabis because if that happen ...

. June 20, 2024 7:00 AM EDT | Source: Canadian Gold Corp. 3. South Zone (SZ): The South Zone is an additional parallel zone at the Tartan Mine, located approximately 75 metres south of the MZ (Fig. 1 & 3). The objective is to expand the resource in this area, which would also increase the number of ounces per vertical metre at the Tartan Mine. This has important financial implications as both the MZ and SZ can be accessed from the existing ramp. This allows fixed development costs associated with extending ...

Conclusion Canopy Growth Corporation (CGC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Revisions to Earnings Estimates Canopy Growth is expected to post a loss of $0.31 per share for the current quarter, representing a year-overyear change of +22.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -166.1%. The chart below shows the evolution of ...