expand/collapse risk warning

Trading financial products on margin carries a high risk and is not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

Loading...

Canopy Growth Stocks

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

Low: [[ data.low ]]

High: [[ data.high ]]

About

History

Competitors

About

History

Competitors

Canopy Growth (CGC.US) is a Canadian-based cannabis company with a market capitalization of $279.71 million as of July 25, 2023. Founded in 2013 by Bruce Linton and Chuck Rifici, it played a pioneering role in the legal cannabis industry. Originally known as Tweed Marijuana Inc., the company was one of the first to be granted a license for cannabis production in Canada.

As cannabis legalization gained momentum, Canopy Growth rapidly expanded its operations, becoming a prominent player in the global cannabis market. In 2014, the company went public on the Toronto Stock Exchange (TSE) and later became the first cannabis producer to be listed on the New York Stock Exchange (NYSE). The company continues to lead the industry, focusing on diverse cannabis products, research, and innovation.

Canopy Growth’s stock has been on a wild ride over the past five years, with some significant ups and downs. Since its launch, the highest point the stock has reached is $59.25 in October 2018. In contrast, the lowest price for CGC.US was $0.35 in July 2023. The stock's highest price point was due to Canada legalising recreational marijuana, which created enormous excitement among investors about its potential in the industry.

However, the stock’s lowest point could be due to issues related to mismanagement, as well as legal challenges facing the cannabis industry in some regions. In terms of trading indicators and strategies, investors and traders may consider using tools such as the RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to help them analyse Canopy Growth’s stock movements over time. These key trading indicators may give insights into a stock's current momentum, helping investors make better-informed decisions.

Whether you are considering trading Canopy Growth stock or already are, it's important to keep an eye on the competition. By researching and analyzing its competitors, traders and investors may have an advantage in the market. Its competitors include:

  • Aurora Cannabis (ACB.CA): Founded in 2006, Aurora Cannabis is also a significant player in the cannabis industry, being the second-largest in Canada. The company has a strong presence in 25 countries and continues to expand.
  • Tilray, Inc. (TLRY.US): Tilray, Inc., another Canadian-based cannabis company, is known for its medical and recreational cannabis products. The company also has manufacturing and distribution agreements across many countries.

By analyzing the competitors listed above, you might gain a better understanding of the cannabis industry as a whole and make informed decisions.

Loading
Swap long [[ data.swapLong ]] points
Swap short [[ data.swapShort ]] points
Spread min [[ data.stats.minSpread ]]
Spread avg [[ data.stats.avgSpread ]]
Min contract size [[ data.minVolume ]]
Min step size [[ data.stepVolume ]]
Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

Trade [[data.name]] with Skilling

All Hassle-free, with flexible trade sizes and with zero commissions!*

  • Trade 24/5
  • Minimum margin requirements
  • No commission, only spread
  • Fractional shares available
  • Easy to use platform

*Other fees may apply.

Sign up

Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
chart-long.svg

Capitalise on rising prices (go long)

green-check-ico.svg
green-check-ico.svg
chart-short.svg

Capitalise on falling prices (go short)

green-check-ico.svg
leverage-ico.svg

Trade with leverage
Hold larger positions than the cash you have at your disposal

green-check-ico.svg
trade-ico.svg

Trade on volatility
No need to own the asset

green-check-ico.svg
commissions-ico.svg

No commissions
Just low spreads

green-check-ico.svg
risk-ico.svg

Manage risk with in-platform tools
Ability to set take profit and stop loss levels

green-check-ico.svg

Thank you for considering Skilling!

You are about to visit: https://skilling.com/row/ which is operated by Skilling (Seychelles) Ltd, under the Financial Services Authority Seychelles License No: SD042. Before opening an account, please read the terms & conditions and contact our customer support for any questions.

Thank you for considering Skilling!

You are about to visit: https://skilling.com/row/ which is operated by Skilling (Seychelles) Ltd, under the Financial Services Authority Seychelles License No: SD042. Before opening an account, please read the terms & conditions and contact our customer support for any questions.

Continue