STOCK TITAN
  1. Home
  2. News
  3. CGC

Canopy Growth Corporation - CGC STOCK NEWS

Welcome to our dedicated news page for Canopy Growth Corporation (Ticker: CGC), a resource for investors and traders seeking the latest updates and insights on Canopy Growth Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Canopy Growth Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Canopy Growth Corporation's position in the market.

News
Canopy Growth Announces CBI Conversion to Exchangeable Shares and Newly Constituted Board of Directors
Rhea-AI Summary
Canopy Growth (CGC) announced the conversion of Greenstar's promissory note into exchangeable shares, reducing overall debt by C$100 million. As a result of the transaction, CBG Group no longer holds any common shares, with each exchangeable share convertible into one common share. The company also terminated the investor rights agreement with CBI and saw three CBG nominees resign from the board. The board now includes five members, with David Lazzarato as the new chair. Canopy Growth also entered into an exchange agreement with Greenstar, converting C$81.2 million of a promissory note into exchangeable shares, resulting in a C$100 million reduction in debt on the company's balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
News
CANOPY GROWTH ANNOUNCES RESULTS OF SPECIAL MEETING OF SHAREHOLDERS
Rhea-AI Summary
Canopy Growth shareholders approve the creation of a new class of Exchangeable Shares, enabling entry into the U.S. THC market. Canopy USA expected to acquire U.S. assets soon, with a projected $50B market in 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.51%
Tags
none
-
News
CANOPY GROWTH CELEBRATES PASSAGE OF CANNABIS LEGALIZATION IN GERMANY
Rhea-AI Summary
Canopy Growth anticipates accelerated growth in the German medical cannabis market following the removal of cannabis' narcotic status. The German government's approval of cannabis legalization signifies a significant milestone in cannabis acceptance and access. Canopy Growth aims to leverage this opportunity to expand its presence in Germany through Storz & Bickel vaporizers and medical cannabis offerings, solidifying its position as a key player in the German cannabis industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
68.64%
Tags
none
News
CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARES
Rhea-AI Summary
Canopy Growth Corporation announces details of special resolution to create new class of non-voting exchangeable shares and restating rights of common shares for conversion. Shareholders to vote on Amendment Proposal at special meeting on April 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
none
-
News
CANOPY GROWTH LAUNCHES NEW PRE-ROLLS FROM 7ACRES AND HIWAY
Rhea-AI Summary
Canopy Growth Corporation introduces five new pre-roll products under brands 7ACRES and Hiway, catering to a range of consumer preferences. The offerings include high-quality pre-rolls with unique filter designs, smooth burning experiences, and premium value packages. These new products aim to enhance convenience, enjoyment, and variety for consumers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
Tags
none
-
News
CANOPY GROWTH TO HOLD SPECIAL MEETING OF SHAREHOLDERS
Rhea-AI Summary
Canopy Growth Corporation announces a special meeting for shareholders to vote on the creation of a new class of Exchangeable Shares to accelerate entry into the U.S. THC market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.82%
Tags
none
News
Canopy Growth Reports Third Quarter Fiscal Year 2024 Financial Results; Achieves Third Quarter of Sequential Revenue Growth across Canada Cannabis Businesses and a Record Quarter for Medical Sales
Rhea-AI Summary
Canopy Growth Corporation reports a 9% increase in Canada adult-use cannabis B2B net revenue and an 11% increase in Canada medical cannabis net revenue year-over-year. The company achieved a consolidated gross margin of 36% in Q3 FY2024, with significant improvements in profitability and cash flow. Canopy USA strategy is progressing, with a special shareholder meeting scheduled for April 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.19%
Tags
earnings
-
News
Canopy Growth to Report Third Quarter Fiscal 2024 Financial Results on February 9, 2024
Rhea-AI Summary
Canopy Growth Corporation (CGC) is set to release its financial results for the third quarter fiscal year 2024 on February 9, 2024. The company will host an audio webcast with CEO David Klein and CFO Judy Hong to discuss the results. Investors and traders can access the live webcast and replay through the provided links.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
conferences earnings
-
News
CANOPY GROWTH KICKS OFF THE NEW YEAR WITH NEW PRODUCTS FROM TWEED, 7ACRES, AND SPECTRUM THERAPEUTICS
Rhea-AI Summary
Canopy Growth Corporation (CGC) introduces new product offerings across the Company's adult use and medical cannabis portfolio, including new Tweed softgels and oils featuring minor cannabinoids, a large format flower offering from Tweed, and new medical exclusive pre-roll products from 7ACRES and Spectrum Therapeutics. The new products aim to provide a variety of options for both adult use and medical cannabis consumers, focusing on convenience, wellness, and flavor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.15%
Tags
none
News
Canopy Growth Announces Upsized US$35 Million Private Placement
Rhea-AI Summary
Canopy Growth Corporation (CGC) has entered into subscription agreements with institutional investors for a private placement offering of 8,158,510 units at a price per unit of US$4.29, resulting in aggregate gross proceeds of approximately US$35 million. The purpose of the offering is to provide the company with additional liquidity to pay down debt, strengthen its financial position, and for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.13%
Tags
none
Stock CGC logo
Canopy Growth Corporation

Nasdaq:CGC

CGC Rankings

#2564 Ranked by Market Cap
#5420 Ranked by Stock Gains
N/A Ranked by Dividends

CGC Stock Data

712.24M
73.87M
19.04%
4.85%
12.62%
Medicinal and Botanical Manufacturing
Manufacturing
Link
Canada
Smiths Falls

About CGC

canopy growth corporation is a world-leading diversified cannabis company. we operate a collection of diverse brands and curated strain variety, supported millions of square feet of indoor greenhouse production capacity, partnered with some of the leading names in the sector. here's to future growth.