The co-founder and former CEO of Canopy Growth has a lot to say about his new SPAC, how the election will change the cannabis industry, and electric vehicles. That is to say, President Donald Trump proves the polls wrong, and wins re-election? The election itself isn’t the end-all, be-all for Canopy. Get the latest Canopy Growth Corporation CGC detailed stock quotes, stock … But, until it’s legal on the national level, major names like this one are shut out. While marijuana legalization is not as hot button of an issue, the results of the … Neither candidate is exactly pro-marijuana. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. In short, with big potential gains outweighing downside risk, this is a solid opportunity. Nasdaq That includes Canopy, which could see a massive sell-off, not only if Trump wins, but if the Republicans hold onto the Senate as well. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. But, what about the downside? Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Infused beverages, which the company is rolling out in Illinois and California next year, also need to meet expectations. Fundamental company data and analyst estimates provided by FactSet. quotes delayed at least 15 minutes, all others at least 20 minutes. Stock quotes by finanzen.net. CGC 20.30 0.81 (4.16%). Legalization Canopy Growth hasn’t escaped this harsh reality. But, major pot stocks have rallied as well. Even after the recent election-related run-up. One of them posted a bottom-line loss that was almost six figures deep. And that’s no surprise, given Biden’s running mate, Kamala Harris’s recent statements on decriminalization. Revenue) or per share (e.g. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. But, given a Biden victory could fuel a big rally, and a Trump victory isn’t as major a risk as it appears at first glance, the odds are in your favor at today prices. The Nov. 3 U.S. presidential election is the key near-term catalyst for Canopy Growth (NYSE:CGC) stock. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. CGC earnings call for the period ending June 30, 2020. You can change your choices at any time by visiting Your Privacy Controls. Investors were spooked by weak operating results from a rival. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. International stock quotes are delayed as per exchange requirements. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Market data powered by FactSet and Web Financial Group. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. It would still be years until the Canadian pot names gain access to what would likely be the largest pot market. The company operates 10 licensed cannabis production sites, operates four Tweed Main Street locations in Ontario, and has operations in 11 countries across five continents. But, if the Democratic party wins the White House, coupled with winning back the Senate, full federal legalization could be on the horizon. Article printed from InvestorPlace Media, https://investorplace.com/2020/10/election-nearing-buy-cgc-stock/. Shares rally big on a Democrat sweep, only to head lower on profit taking. Increased (but still long) legalization odds could mean shares settle in the $20 to $30 price range. What comes next? Canadians are smoking 'em if they got 'em. Better marijuana stock? Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Within a month, marijuana could be mostly legal in 3 out of 4 U.S. states. It's a leader among cannabis companies, but a laggard when it comes to breaking even on the bottom line. CGC earnings call for the period ending March 31, 2020. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Two major developments ignited a rally in the cannabis industry. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Many major states have legalized pot for recreational and/or medicinal use. CGC earnings call for the period ending September 30, 2019. Also, it’s more complicated than just a Biden win versus a Trump win. Real time Canopy Growth Corp. (CGC) stock price quote, stock graph, news & analysis. Yet, a sweep by the Democrat could drive speculators back into Canopy, sending shares soaring once again. Canopy Growth Corp. is currently the worlds largest medical cannabis company. All rights reserved. With the “Robinhood effect” still a factor, speculators may bid shares higher on the headlines alone. While it would not be as favorable an outcome, it may not impact shares as badly as you’d think at first glance. With this in mind, now may be the time to buy CGC stock. Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. And, with the potential for big gains outweigh the risk of a major sell-off, the risk/return proposition looks good here. ... based on an analysis of the firm’s balance sheet and inputs from the stock market. The most likely reason: poor financial results from a top rival. Canopy Growth Corporation Common Stock (CGC) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Find the latest CALDAS GOLD CORP (CGC.V) stock quote, history, news and other vital information to help you with your stock trading and investing. Made In NYC | I don’t see shares retracing the single-digit lows set during March’s novel coronavirus crash. Find real-time CGC - Canopy Growth Corp stock quotes, company profile, news and forecasts from CNN Business. All rights reserved. 2020 InvestorPlace Media, LLC. Yet, a Biden win could still fuel a CGC stock rally on Nov 4. But, it’s still a long road to full federal legalization, and widespread commercialization, in the United States. It may still be years before Canadian cannabis companies can freely access the U.S. pot market. CGC earnings call for the period ending December 31, 2019. On the date of publication, Thomas Niel did not (either directly or indirectly) hold any positions in the securities mentioned in this article. Disclaimer | They're having quite a week so far, but there are three more days to go on the stock market. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Find out more about how we use your information in our Privacy Policy and Cookie Policy. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. CGC is not currently paying a regular dividend. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. And, given a majority of Republican voters are now on board with full legalization bipartisan support may not be out of the question. This pot company's Q1 results dragged down its stock, but there's still a glimmer of hope. 20.28-0.02-0.08%. Registration on or use of this site constitutes acceptance of our, 7 Marijuana Stocks for an Election Day Boost, Why Marijuana Stocks Canopy Growth, Tilray, and Aurora Cannabis All Rose on Wednesday, 3 Biden-Backed Election Stocks to Buy Today, Vanguard Total International Stock Index Fund, Horizons Marijuana Life Sciences Index ETF.

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