What's Going On With Canopy Growth Stock Today?

Canopy Growth Corporation CGC shares are trading higher on Wednesday. The stock appears to be moving in sympathy with Tilray Brands, Inc. TLRY.

What To Know:

Tilray released its fourth quarter and fiscal year 2023 financial results on Wednesday beating analysts' revenue estimates. Shares of TLRY are trading up by more than 20% on the news.

Shares of CGC appear to be moving in sympathy with TLRY and are trading higher on heavy volume. According to data from Benzinga Pro, more than 19 million shares have already been traded in the session, compared to the stock's 100-day average of 21.5 million shares.

Canopy Growth will release its first quarter fiscal year 2024 financial results on Aug. 9 and will host an audio webcast to discuss the results at 5:30 p.m. ET the same day.

CGC Price Action: According to Benzinga Pro, CGC shares are trading over 4.5% higher at 41 cents at the time of publication.

The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.

Image: walesjacqueline from Pixabay

Market News and Data brought to you by Benzinga APIs

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

The Benzinga Cannabis Capital Conference is coming to Florida