Canopy Growth Corp (TSE:WEED)’s share price rose 29.7% on Wednesday . The stock traded as high as C$43.37 and last traded at C$41.70. Approximately 13,130,981 shares traded hands during mid-day trading, an increase of 133% from the average daily volume of 5,631,972 shares. The stock had previously closed at C$32.15.
WEED has been the subject of several recent research reports. Eight Capital lifted their price target on Canopy Growth from C$40.00 to C$50.00 in a research report on Friday, July 6th. Cormark lifted their price target on Canopy Growth from C$25.00 to C$33.00 in a research report on Thursday, June 28th. Finally, Canaccord Genuity lifted their price target on Canopy Growth from C$27.50 to C$32.00 in a research report on Thursday, June 28th.
About Canopy Growth (TSE:WEED)
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names.
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