Conversion of Greenstar Promissory Note into Exchangeable Shares further improves Canopy's balance sheet through the elimination of short term debt, reduces overall debt balance by C$100MM SMITHS FALLS, ON, April 18, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) announced today that in connection with the creation of the non-voting and non-participating exchangeable shares in the capital of Canopy Growth (the "Exchangeable Shares"), on April 18, 2 ...

Among the unlikely winners that are once again seeing strong interest in today’s market, Canopy Growth (NASDAQ:CGC) is on a tear. Shares of CGC stock are up a whopping 25% in early afternoon trading, prompting questions of whether this stock is due for a short squeeze.With short interest as a percentage of the company’s float sitting at about 15%, it’s clear many in the market are taking the other side of this move. That said, when a stock is surging in this magnitude, short sellers can see their trades blo ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Marijuana banking reform could happen this year, but Canopy Growth won't turn profitable for five more years.Thursday is looking like a great day to own Canopy Growth (CGC 21.57%) stock -- and state legislators are to thank for it. Shares of the Canadian cannabis company are up a solid 20% on positive momentum for the passage of a SAFER law that would give marijuana businesses access to loans and other banking services.As Marijuana Moment reports today, the National Conference of State Legislatures (NCSL) j ...

Cannabis stocks to buy now could see higher highs, as we near the U.S. elections. For one, a growing number of Americans want to see legalization. In fact, according to Pew Research, about 88% of the country wants to see that happen. Two, with its popularity, any candidate that favorably mentions it, could see higher ratings. In addition, more U.S. states, such as Florida may be on the cusp of adult-use legalization. As noted by Benzinga.com, “At the beginning of April, the Florida Supreme Court proposed Am ...

Cresco Labs is an underrated and undervalued pot stock that cannabis investors shouldn't overlook.Do you want to invest in the cannabis industry? One thing you should know off the bat is that marijuana legalization isn't inevitable in the U.S., despite any news you may have heard about drug rescheduling or new bills in Congress. It's important to get that out of the way, as many investors load up on shares of Tilray Brands (TLRY 2.81%) and Canopy Growth (CGC -4.01%) in the hope that these stocks will benefi ...

Despite a seemingly positive move forward, Canopy Growth (NASDAQ:CGC) shares are experiencing significant volatility today. Part of that may stem from dilution risks tied to its business decision, which involves creating a separate U.S.-focused enterprise. This development assumes that the federal government will fully legalize cannabis, which makes CGC stock a bold wager.Last Friday, shareholders voted on a proposition centered on the creation of Canopy USA. At the time, management proposed the issuance of ...

The worst could be over, but is that enough to justify buying it?With talk of marijuana policy reform brewing in the U.S. and elsewhere, could it be time to buy shares of Canopy Growth (CGC -4.29%) in hopes of the stock experiencing a glorious comeback from its recent years of turmoil and falling share prices? And what about current shareholders -- is it time to sell, or could there be relief in sight?Let's dive in and answer these questions by examining what the company has been up to during its difficult ...

Shareholders overwhelmingly approve the creation of a new class of Exchangeable Shares of Canopy Growth, enabling the acceleration of Canopy Growth's entry into the U.S. THC market, which is expected to be approximately $50B in 2026.1 Canopy USA expected to advance imminently with triggering acquisition of U.S. assets. SMITHS FALLS, ON, April 15, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC) today announced the voting results from its special me ...

Despite a volatile week for cannabis specialist Canopy Growth (NASDAQ:CGC), CGC stock has enjoyed a tremendous performance over the past month, gaining about 163%. Currently, shareholders are voting on two proposals related to the creation of a U.S.-based entity called Canopy USA. Enthusiasm is running hot that the U.S. government will eventually legalize marijuana.According to the Pew Research Center, the use and possession of marijuana is illegal under federal law. However, about three-quarters of states ...