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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 Completes Sale of Hershey Drive Facility
Rhea-AI Summary
Canopy Growth completes sale of Hershey Drive facility for CAD$53 million, bringing total property sales to CAD$155 million since April 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.87%
Tags
none
-
News
Canopy Growth Announces Results of Annual General and Special Meeting of Shareholders
Rhea-AI Summary
Canopy Growth Corporation announced the voting results from its annual general and special meeting of shareholders. All matters put forward were approved. Directors were elected and the appointment of auditors was approved. Shareholders also approved the adoption of a new equity incentive plan and amendments to the articles of the company. For complete results, please consult the Company's Report of Voting Results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
none
-
News
Canopy Growth Announces Private Placement of up to US$50 Million
Rhea-AI Summary
Canopy Growth enters into subscription agreements for a private placement offering, raising approximately $25,000,000. Investors have an option to acquire additional units. The offering aims to strengthen the company's financial position and will be used for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.56%
Tags
none
News
Canopy Growth to Cease Funding BioSteel Business Unit Furthering Business Transformation and Focus on North American Cannabis Leadership
Rhea-AI Summary
Canopy Growth ceases funding BioSteel and BioSteel files for creditor protection under CCAA. Canopy Growth expects to recover proceeds from the sale process and achieve positive Adjusted EBITDA in remaining business units exiting FY2024. Canopy Growth's financial position expected to be strengthened by elimination of cash burn and potential cash proceeds from BioSteel's asset sale.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.76%
Tags
none
-
News
Canopy Growth Announces Fall 2023 Investor Conference and Event Participation
Rhea-AI Summary
Canopy Growth announces fall 2023 investor conference and event participation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.43%
Tags
none
-
News
Canopy Growth Reminds Shareholders to Cast Their Vote for Upcoming Annual General and Special Meeting of Shareholders to be held on September 25, 2023 at 1:00 p.m. (Eastern time)
Rhea-AI Summary
Canopy Growth reminds shareholders to vote for upcoming annual general and special meeting
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
81.33%
Tags
none
News
Canopy Growth to Hold Virtual Annual General and Special Meeting of Shareholders
Rhea-AI Summary
Canopy Growth Corporation will hold its 2023 Annual General and Special Meeting in a virtual format on September 25, 2023. Shareholders are encouraged to vote and submit proxies as early as possible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.14%
Tags
none
-
News
Canopy Growth Enters into an Agreement for the Sale of Hershey Drive Facility in Smiths Falls
Rhea-AI Summary
Canopy Growth Corporation has entered into an agreement to sell its Hershey Drive facility in Smiths Falls, Ontario, for approximately CAD$53 million. The sale is part of the company's transformation to a simplified, asset-light operating model. Canopy Growth will retain its post-harvest manufacturing facility in Smiths Falls.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.29%
Tags
none
-
News
Canopy Growth Reports First Quarter Fiscal Year 2024 Financial Results
Rhea-AI Summary
Canopy Growth Corporation (WEED) Reports 3% Increase in Q1 FY2024 Net Revenue to $109 Million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.91%
Tags
earnings
News
Canopy Growth to Report First Quarter Fiscal 2024 Financial Results on August 9, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.34%
Tags
conferences earnings
Stock CGC logo
Canopy Growth Corporation

Nasdaq:CGC

CGC Rankings

#2587 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.