Canopy Growth Corporation (NASDAQ:CGC) Given Consensus Recommendation of “Hold” by Brokerages

Posted by Francis Steltz on Jun 3rd, 2026

Canopy Growth Corporation (NASDAQ:CGC – Get Free Report) has been given an average rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Several research analysts have weighed in on CGC shares. Wall Street Zen downgraded shares of Canopy Growth from a “hold” rating to a “sell” rating in a report on Sunday, March 29th. ATB Cormark Capital Markets upgraded shares of Canopy Growth from a “strong sell” rating to a “moderate buy” rating in a report on Tuesday, March 17th. Weiss Ratings downgraded shares of Canopy Growth from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 18th. Alliance Global Partners restated a “neutral” rating on shares of Canopy Growth in a report on Saturday, February 7th. Finally, Canaccord Genuity Group started coverage on shares of Canopy Growth in a report on Friday, March 27th. They set a “buy” rating on the stock.

Get Our Latest Stock Report on Canopy Growth

Canopy Growth Stock Performance

CGC opened at $1.06 on Friday. The company has a current ratio of 5.34, a quick ratio of 4.26 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $1.07 and its two-hundred day moving average price is $1.14. Canopy Growth has a 1-year low of $0.84 and a 1-year high of $2.38. The company has a market cap of $428.37 million, a price-to-earnings ratio of -0.82 and a beta of 0.77.

Hedge Funds Weigh In On Canopy Growth

A number of hedge funds have recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in Canopy Growth by 31.5% during the 2nd quarter. Tidal Investments LLC now owns 5,033,793 shares of the company’s stock worth $6,141,000 after acquiring an additional 1,204,530 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Canopy Growth by 723.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,595,330 shares of the company’s stock worth $5,239,000 after acquiring an additional 4,037,281 shares during the last quarter. Millennium Management LLC boosted its holdings in Canopy Growth by 196.9% during the 3rd quarter. Millennium Management LLC now owns 3,137,696 shares of the company’s stock worth $4,579,000 after acquiring an additional 2,080,994 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Canopy Growth by 19,571.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,022,197 shares of the company’s stock worth $2,305,000 after acquiring an additional 2,011,917 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Canopy Growth during the 1st quarter worth $1,716,000. 3.33% of the stock is owned by hedge funds and other institutional investors.

About Canopy Growth

(Get Free Report)

Canopy Growth Corporation is a leading Canadian cannabis company engaged in the production, distribution and sale of both medical and recreational cannabis products. Headquartered in Smiths Falls, Ontario, the company cultivates a diversified portfolio of offerings that includes dried flower, pre-rolled joints, oils, softgel capsules and edibles. Canopy Growth also markets derivative products such as beverages and wellness formulations under a range of brands, aiming to serve both patient and adult-use markets.

The company operates through multiple subsidiaries, including Tweed Inc, Spectrum Therapeutics and Tokyo Smoke, each targeting distinct consumer segments.