Canopy Growth Corp has seen a modest rise in its stock price this week, reflecting ongoing developments in the cannabis sector.
Canopy Growth Corp (TSX: WEED) closed at C$1.31, representing a 0.75% increase for the day and a 3.08% increase over the past week. Despite this positive movement, the stock is still down 18.29% year-to-date, highlighting the ongoing challenges in the cannabis market.
Investor takeaway: While recent news about Canopy's expansion efforts may signal potential growth, the stock's overall performance suggests caution for investors considering entry points.
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Canopy Growth Corp
WEED.TO
WEED.TO
Canopy Growth Corp
WealthAwesomeMarket cap
$602.06M
52W high
$3.28
52W low
$1.18
1W change
+3.08%
Beta
2.43
Analyst Price Targets
Based on analyst covering WEED · as of Sep 17, 2026
Wall Street analysts forecast WEED stock price to rise 50.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$2.02
+50.7% Upside
Current Price
C$1.34
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on WEED's historical volatility
30-Day Vol
32.8%
Annualized
90-Day Vol
39.3%
Annualized
Trend (90d)
-12.4%
Annualized drift
90d Mean
C$1.28
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$1.32 | C$1.18 – C$1.48 |
| 60 trading days | C$1.30 | C$1.11 – C$1.53 |
| 90 trading days | C$1.28 | C$1.05 – C$1.56 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Market Cap: C$602 million
Canopy Growth's market cap reflects its position as a significant player in the health care sector, particularly within the cannabis industry, despite its current financial struggles.
Bull case
The company's expansion into the UK medical cannabis market and the growth of its Australian portfolio could boost its revenue and market presence, potentially leading to improved financial performance in the future.
Bear case
With a high beta of 2.43, Canopy's stock is more volatile than the market. Its significant losses and negative profit margins may deter conservative investors.
Recent Price Action
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Canopy Growth Corp's stock has seen a modest uptick recently, closing at C$1.31, which reflects a daily increase of 0.75% and a weekly rise of 3.08%. However, the stock remains down 6.29% over the past month and is significantly lower by 18.29% year-to-date.
Company News and Developments
There have been several recent developments concerning Canopy Growth. The company announced the adjournment of its 2026 Annual General and Special Meeting due to a lack of quorum. Additionally, Canopy has expanded into the UK medical cannabis market, which may enhance its growth prospects in Europe. The firm also broadened its Australian medical cannabis portfolio and secured renewed EU GMP certification at its Kincardine facility, further supporting its European operations. Despite these developments, no major news has been released this week that would significantly impact the stock.
Technical Picture
From a technical standpoint, Canopy Growth's stock is currently trading below its 50-day moving average of C$1.34 and its 200-day moving average of C$1.49, indicating a bearish trend. The stock's 52-week range is C$1.18 to C$3.28, suggesting it is currently trading near the lower end of this range. With a beta of 2.43, the stock exhibits higher volatility compared to the broader market, and recent trading volume of 228,033 shares is significantly below the 20-day average volume of 585,235 shares, indicating lower investor interest.
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