Canopy Growth Corporation Common Shares (CGC)
Canopy Growth Corporation is a Canadian-based producer and distributor of cannabis and cannabis-related products. Established in 2013, it is one of the world's leading cannabis companies, focusing on the development and sale of dried flower, oils, capsules, and other cannabis-derived products for both medical and recreational markets. The company operates through various subsidiaries and partnerships, emphasizing research, innovation, and expanding cannabis use across multiple markets globally.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| August 15, 2007 | $0.24 | 2007-08-01 | 2007-07-31 |
| May 15, 2007 | $0.24 | 2007-04-26 | 2007-04-30 |
| February 15, 2007 | $0.24 | 2007-01-29 | 2007-01-31 |
| November 15, 2006 | $0.24 | 2006-10-27 | 2006-10-31 |
| August 15, 2006 | $0.24 | 2006-07-27 | 2006-07-31 |
Dividends Summary
- Canopy Growth Corporation Common Shares has issued 15 dividend payments over the past 3 years
- The most recent dividend was paid 6628 days ago, on August 15, 2007
- The highest dividend payed out to investors during this period was $0.24 per share
- The average dividend paid during this period was $0.24 per share.
Company News
A video posted on Truth Social by the Commonwealth Project suggests potential federal marijuana legalization, with implications for Medicare coverage of medical marijuana and significant stock market reactions in cannabis companies.
President Trump posted a video on Truth Social promoting CBD's potential health benefits, suggesting Medicare coverage and potential healthcare system integration. This sparked a significant rally in cannabis stocks, with multiple companies seeing substantial price increases.
The global industrial hemp market is projected to grow from USD 8.29 billion in 2023 to USD 46.41 billion by 2032, with a CAGR of 21.1%. North America leads the market, with increasing demand for hemp-based products across multiple industries including textiles, food, and personal care.
Canopy Growth's stock fell to an all-time low after the cannabis company announced plans to sell up to $200 million worth of its shares, which would nearly double the dollar amount of its stock currently trading.
Canopy Growth Corporation (CGC) reachead $6.67 at the closing of the latest trading day, reflecting a +0.6% change compared to its last close.
