Core Viewpoint - Canadian Gold Corp. has commenced its Phase 3 Drill Program at the Tartan Mine, aiming to expand the gold resource in the Hanging Wall Zone and Main Zone [1][2]. Group 1: Drill Program Details - The Phase 3 Drill Program is focused on testing the western extent of the Hanging Wall Zone (HWZ) and follows up on two significant intersections [2][4]. - The HWZ has shown promising results, with one hole returning 23.8 grams per tonne (gpt) gold over 12.6 metres, including 47.6 gpt gold over 5.8 metres, and another hole returning 20.6 gpt gold over 5.7 metres, including 30.4 gpt gold over 3.0 metres [3][4]. - In the Main Zone, the longest intercept in Tartan Mine's history was recorded at 4.2 gpt gold over 53.7 metres, including 12.0 gpt gold over 8.0 metres, indicating potential for resource expansion [4][5]. Group 2: Financial and Corporate Information - Proceeds from a recent private placement offering, announced on July 17, 2024, will be allocated to the Phase 3 Drill Program, with insiders participating in the offering [7]. - The Tartan Mine has a 2017 indicated mineral resource estimate of 240,000 ounces of gold at 6.32 g/t and an inferred estimate of 37,000 ounces at 4.89 g/t [10].

Following the release of its first quarter fiscal year 2025 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Judy Hong, CFO on August 9, at 10 AM Eastern Time. A replay will be accessible by webcast until 11:59 PM ET on November 7, 2024 at: https://app.webinar.net/Lm5q6QW1Apv Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA, which ow ...

Chances for near-term marijuana legalization just improved by quite a lot. Four years ago, plus or minus a few months, then-Senator Harris made news when, in the course of a debate with then-VP Mike Pence, she promised that a Biden-Harris administration would "decriminalize marijuana, and we will expunge the records of those who have been convicted of marijuana." Potentially, quite a lot. Over the weekend, as you may have heard, President Joe Biden announced he will not run for reelection this year, and Vic ...

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.92% higher. Canopy Growth Corporation is currently a Zacks Rank #3 (Hold). In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.07 per share and a revenue of $21 ...

The Company issued 1,968,750 flow through shares at a price of $0.16 per share for gross proceeds of $315,000 in its first tranche closing on June 21, 2024, and on July 17, 2024 the Company issued: (i) 7,625,000 flow through shares at a price of $0.16 for gross proceeds of $1,220,000; and (ii) 714,250 common shares at a price of $0.14 for gross proceeds of $99,995. Toronto, Ontario--(Newsfile Corp. - July 17, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") announces the completion ...

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.07 per share and revenue of $219.95 million. These totals would mark changes of +73.58% and -10.04%, respectively, from last year. In the latest market close, Canopy Growth Corporation (CGC) reached $6.50, with a +0.31% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciate ...

Here's a look at how the company and the stock have fared since then, and if Canopy Growth has indeed become a better buy. Constellation Brands was a key investor in the business, and the cannabis producer's poor financials were hurting its own numbers. Klein came over from Constellation, presumably to help clean up the business and improve the financials. The stock has taken a beating in five years Overall, there's no compelling reason to say that Canopy Growth is in a better situation today than it was fi ...

Core Insights - Cannabis stocks, particularly Canopy Growth and Tilray Brands, are expected to benefit from potential marijuana reform and legalization discussions [1][12][13] - Historical trends show that cannabis stocks tend to perform well during election years, especially in the fourth quarter [2][3][10] - The cannabis industry is projected to grow at an annualized rate of over 34% through the end of the decade, indicating strong long-term growth potential [13] Industry Developments - Several states are considering initiatives to expand or legalize marijuana, including Arkansas, Florida, Oregon, North Dakota, South Dakota, and Nebraska [5][11] - The excitement surrounding potential U.S. market expansion could lead to increased investor interest and bullish sentiment in the cannabis sector [6][8] Market Performance - Both Canopy Growth and Tilray Brands saw significant stock price increases following the 2020 election, reflecting optimism about marijuana reform [3][9] - Despite the potential for a market rally, the long-term profitability of these companies remains uncertain, as they have been unprofitable and their shares have shown volatility [7][14] Investment Considerations - The current market sentiment suggests that even without immediate federal legalization, the belief in eventual reform could drive stock prices higher [8][12] - Investors may find attractive valuations in cannabis stocks, but should be prepared for a potentially volatile investment landscape [15]

Canopy Growth Corporation (CGC) ended the recent trading session at $6.67, demonstrating a +0.6% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.3%. The investment community will be paying close attention to the earnings performance of Canopy Growth Corporation in its upcoming release. It is anticipated that the company will report an EPS of -$0.32, marking a 20% rise compared to ...

Canopy Growth's fundamentals remain underwhelming Are the cannabis stock's best days behind it? Fast-forward to today, and I would hesitate to classify the stock as a leading company or a top growth stock to own. There are larger cannabis companies than Canopy Growth out there, and it hasn't been much of a growth business of late -- it has been slashing costs and pivoting to an "asset-light" model in order to conserve cash. But Canopy remains hopeful about the U.S. legalizing cannabis because if that happen ...