(VIANEWS) – Shares of Canopy Growth (NASDAQ: CGC) slid by a staggering 19.22% to $0.48 at 11:23 EST on Wednesday, after two consecutive sessions in a row of gains. NASDAQ is rising 0.09% to $13,828.88, after two successive sessions in a row of gains. This seems, up to now, a somewhat up trend trading session today.
Canopy Growth’s last close was $0.59, 87.63% under its 52-week high of $4.77.
About Canopy Growth
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.
Earnings Per Share
As for profitability, Canopy Growth has a trailing twelve months EPS of $-7.3.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -151.11%.
Yearly Top and Bottom Value
Canopy Growth’s stock is valued at $0.48 at 11:23 EST, way below its 52-week high of $4.77 and way higher than its 52-week low of $0.38.
Previous days news about Canopy Growth (CGC)
- Canopy growth (cgc) improves liquidity with another selloff. According to Zacks on Monday, 3 July, "As a result, Canopy Growth is now better positioned to achieve its goal of becoming an asset-light, North America-focused cannabis business.", "As the cannabis industry continues to evolve, Canopy Growth remains committed to delivering innovative products that enhance the lives of consumers while creating sustainable value for shareholders."
More news about Canopy Growth (CGC).
