As the world’s biggest cannabis company based on sales, market capitalization and value of shares, Canopy Growth is positioning to expand its market by partnering with global companies to distribute medical cannabis.
Do you want to invest on Canopy Growth? we’ll tell you how.
Industry: Drug Manufacturers
By changing the world’s perception of cannabis use, Canopy Growth is focusing on increasing revenues by widening the scope of its product development to produce more products that will harness the power and quality of the cannabis plant—both for medicinal and recreational use.
And there’s more…
Canopy Growth is also fast-selling its line of edible cannabis-based products such as cannabis-infused chocolates and the alternative drinking options the THC and CBD beverages as well.
Bear in mind….
In this article, we will converse the idea of investing on Canopy Growth stocks by pondering over its stock performance history and analyst forecast of future share value.
If you’re ready, then let’s start learning about the promising idea of investing on Canopy Growth stocks.
Table of Contents
- Why Buy Canopy Growth Stock?
- Canopy Growth Stock Performance
- Canopy Growth Stock Forecast
- How to Buy Canopy Growth Stock?
- Frequently Asked Questions (FAQ)
- Best Brokers for Buying Canopy Growth Stocks
Why Buy Canopy Growth Stock?
Investor analysts look at Canopy Growth as a company on its way to expanding into new markets by occupying a robust position in the cannabis industry.
As the top distributor of dried marijuana flower in several countries like Germany, United States and Canada, it saw its sales soaring by 22% over the same quarter from last year.
Canopy Growth is also benefiting from the strong consumer demand of its cannabis-permeated drink marketed for the recreational use of adult drinkers.
If US President-elect Joe Biden make true of his promise to legalize cannabis use in the United States, then expect Canopy Growth’s stock value to achieve stunning growth.
Canopy Growth Stock Performance
As Canopy Growth prepare to move its shares to the trading floor of Nasdaq, after its memorable stint at the NYSE, investors are enthusiastic about Canopy Growth’s shares because of the results of the 2020 US Presidential Elections.
With the Democratic Party’s cannabis-friendly policies, analysts see a more solid stock market performance of Canopy Growth as it covers more of the cannabis market in North America.
As sales and revenues grow, then so is the stock value of Canopy Growth.
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ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Canopy Growth Stock Forecast
Below is a summary of Canopy Growth’s future and its relation to the potential value of its stocks.
These stock forecasts are based on current stock and company performance and is meant to guide your decision-making.
Remember, that the final decision is still yours to make.
2021: Riding the Momentum of Cannabis Beverages
By accounting to almost 75% of the market share of all ready-to-drink cannabis-based beverages, Canopy Growth is seen to maximize this momentum by developing more beverages products and expanding their market.
Because of this positive development, the company is setting up a goal to dominate over 50% of the world market in the immediate future.
Our outlook for Canopy Growth stock remains consistently high so we expect its share value to return high-yield range from low to medium.
2022: A Bright Future Boosted by Legalization
After registering a record high earning in the 3rd quarter of 2020, Canopy Growth is staring at an even brighter future ahead—thanks to the impending legalization boost as promised by the winning US President Joe Biden, that will pave the way for more market shares in the United States for Canopy Growth.
Cannabis beverages and cannabis medicinal products will expect to hit more stores in North America as regulations relaxes its policies on the use of cannabis for recreational and medicinal use. Our bullish outlook for this company remains the same.
Therefore, the chances of getting high under a Canopy Growth surge ranges from medium to high.
How to Buy Canopy Growth Stock?
Simply follow the steps below and you’re good to go:
Open an account with an online broker.
For you to buy Canopy Growth stock and other company shares, first you need to open an account with a brokerage which offers a platform for trading.
Signing-up for an account only takes a few minutes to accomplish and after completing this process, you need to make a deposit so you can start investing.
Open your broker’s trading platform.
Let’s say you have opened an account with a specific brokerage and you have already funded it. The next step to do is to open their platform to start trading.
Look for the Canopy Growth stock (symbol: CGC).
After opening the platform, search for the Canopy Growth stock by using the search bar and entering either “Canopy Growth” or its stock symbol “CGC”.
Select Buy and set the amount.
Click on “Buy” and specify the amount that you wish to invest. You may also set several specific parameters depending the features that are offered to you by your broker.
Execute the order.
Initiate the trade by executing the order.
Should I buy Canopy Growth stock?
Riding the euphoric wave of the recently concluded US elections where the team of President-elect Joe Biden and VP-elect Kamala Harris, whose Democratic party has promised to “secure full legalization of marijuana use”, Canopy Growth is one of the companies expected to greatly benefit from this and in doing so, is forecasted to experience promising growth in the future—in terms of revenue and stock value—in the market. So yes, buying yourself shares of Canopy Growth is a vote for an investment reward.
So, are you are ready to trade Canopy Growth shares?
If you are now sold on buying and trading Canopy Growth stocks, then we highly encourage you to look for a highly trusted and regulated brokerage firm that can promise you appropriate management and control of your investments, and also provide you with a peace of mind.
Frequently Asked Questions (FAQ)
How Much is the Canopy Growth Stock?
Here is the current stock market price of ( )
Who Owns the Most Shares of Canopy Growth?
The Vanguard Group owns the largest number of Canopy Growth shares with 6,543,642 stocks valued at $93,704,953.
How Many Outstanding Shares Does Canopy Growth Have?
Based on latest figures, Canopy Growth’s outstanding shares is 372.28 million.
Where Can I Buy Canopy Growth Stock?
When buying Canopy Growth stocks, we highly recommend the two leading online trading platforms used by many traders today. These are the Plus500 and eToro, two popular CFD (contracts for difference) trading applications trusted by investors all over the world.
Best Brokers for Buying Canopy Growth Stocks
We’ve prepared a table of the most trusted and regulated brokers that offers Canopy Growth stock CFD trading services.
All you have to do is click on the CGC Page button of your preferred broker and you will be taken straight to their stock trading page.
Min Deposit: $200
Regulation: CYSEC, FCA
75% of retail CFD accounts lose money.
Min Deposit: $100
Regulation: FCA, ASIC, CySEC
76.4% of retail CFD accounts lose money.
Min Deposit: $100
Regulation: CBI, ASIC, FSC, FSA, FSB
Min Deposit: $5
Regulation: FCA, ASIC, CySEC