How to buy Canopy Growth (WEED) shares in Australia
Learn how to easily invest in Canopy Growth shares.
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Canopy Growth Corporation (WEED) is a leading drug manufacturers-specialty & generic business with stocks listed in Canada. It opened the day at CADC$C$27.55 after a previous close of CADC$C$27.37. During the day the price has varied from a low of CADC$27.15 to a high of CADC$27.96. The latest price was CADC$27.59 (25 minute delay). Canopy Growth is listed on the TO. All prices are listed in Canadian Dollars.
What's in this guide?
- Canopy Growth key stats
- Compare share trading platforms
- Is Canopy Growth stock a buy or sell?
- Canopy Growth performance over time
- Can I short Canopy Growth shares?
- Canopy Growth's financials
- How volatile are Canopy Growth shares?
- Does Canopy Growth pay a dividend?
- Have Canopy Growth shares ever split?
- Other common questions
How to buy shares in Canopy Growth
- Compare share trading platforms. To buy shares in a company that's listed outside of Australia, you'll need to find a trading platform that offers access to global stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Canopy Growth. Find the share by name or ticker symbol: WEED. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Canopy Growth reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of CADC$C$29.29, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Canopy Growth, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Canopy Growth. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
Canopy Growth stock price (TO:WEED)Use our graph to track the performance of WEED stocks over time.
Canopy Growth shares at a glance
|52-week range||C$18.44 - C$64.71|
|50-day moving average||C$28.1226|
|200-day moving average||C$36.5909|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||C$-6.219|
Compare share trading platforms to buy stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Canopy Growth stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Canopy Growth price performance over time
|1 month (2021-06-30)||-7.97%|
|3 months (2021-04-30)||-16.77%|
Canopy Growth financials
|Revenue TTM||CADC$546.6 million|
|Gross profit TTM||CADC$92.9 million|
|Return on assets TTM||-5.22%|
|Return on equity TTM||-37.97%|
|Market capitalisation||CADC$9.7 billion|
TTM: trailing 12 months
Shorting Canopy Growth shares
There are currently 11.8 million Canopy Growth shares held short by investors – that's known as Canopy Growth's "short interest". This figure is 10.3% down from 13.2 million last month.
There are a few different ways that this level of interest in shorting Canopy Growth shares can be evaluated.
Canopy Growth's "short interest ratio" (SIR)
Canopy Growth's "short interest ratio" (SIR) is the quantity of Canopy Growth shares currently shorted divided by the average quantity of Canopy Growth shares traded daily (recently around 940765.21048451). Canopy Growth's SIR currently stands at 12.59. In other words for every 100,000 Canopy Growth shares traded daily on the market, roughly 12590 shares are currently held short.
However Canopy Growth's short interest can also be evaluated against the total number of Canopy Growth shares, or, against the total number of tradable Canopy Growth shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Canopy Growth's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Canopy Growth shares in existence, roughly 30 shares are currently held short) or 0.0427% of the tradable shares (for every 100,000 tradable Canopy Growth shares, roughly 43 shares are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against Canopy Growth.
Find out more about how you can short Canopy Growth stock.
Canopy Growth share dividends
We're not expecting Canopy Growth to pay a dividend over the next 12 months.
Have Canopy Growth's shares ever split?
Canopy Growth's shares were split on a 1:5 basis on 3 April 2014. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Canopy Growth shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Canopy Growth shares which in turn could have impacted Canopy Growth's share price.
Canopy Growth share price volatility
Over the last 12 months, Canopy Growth's shares have ranged in value from as little as CADC$18.44 up to CADC$64.71. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Canopy Growth's is 2.0868. This would suggest that Canopy Growth's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Canopy Growth overview
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flowers, oils and concentrates, and softgel capsules. It offers its products under the Tweed, Quatreau, Deep Space, Spectrum Therapeutics, First & Free, TWD, This Works, BioSteel, DNA Genetics CraftGrow, Tokyo Smoke, DOJA, Van der Pop, and Bean & Bud brands. The company also provides growth capital and a strategic support platform that pursues investment opportunities in the global cannabis sector. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada and NHL Alumni Association to examine the efficacy of CBD-based therapies as part of the mitigation of persistent post-concussion symptoms. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.
Canopy Growth in the news
Any Reason To Buy Canopy Growth As Another Celebrity Collab Ends?
Share Your Pack, Not Your Pre-Roll: Canopy Growth Unveils New PRJ Line-Up
Tilray CEO breaks down the future of the cannabis industry
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