Canopy Growth (WEED) Trading Up 4.6%

Shares of Canopy Growth Corp (TSE:WEED) were up 4.6% during trading on Thursday . The stock traded as high as C$47.19 and last traded at …

Canopy Growth logoShares of Canopy Growth Corp (TSE:WEED) were up 4.6% during trading on Thursday . The stock traded as high as C$47.19 and last traded at C$46.54. Approximately 1,238,032 shares were traded during trading, a decline of 45% from the average daily volume of 2,269,786 shares. The stock had previously closed at C$44.50.

Separately, Benchmark restated a “buy” rating and set a C$100.00 price objective on shares of Canopy Growth in a research report on Tuesday, September 25th.

The company has a debt-to-equity ratio of 49.44, a current ratio of 0.65 and a quick ratio of 0.44.

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Canopy Growth Company Profile (TSE:WEED)

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names.

Further Reading: How Do You Calculate Return on Investment (ROI)?

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