Canopy Growth Corp. (WEED.TO) Buy, Sell or Hold

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Canopy Growth Corp. (WEED.TO)

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1.38

+0.02 (1.47%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

212 watching

DON'T BUY

She does not own stocks in the cannabis space. It is still too early to know how rules will unfold. Legalizing has not eliminated the black market, due to the price differential. She would consider this more a short term trade rather than a long term hold.

TOP PICK

He thinks the cannabis business is going to be one of the fastest growing over the next decade. WEED-T is leading the way. This year the market was challenging. The sell off will be done with tax loss selling as people focus on some of the new products. (Analysts’ price target is $28.23)

DON'T BUY

The whole sector was the go to sector, and now it's going in the other direction. Has lots of cash on the balance sheet, but losing money hand over fist. Whole sector has more downside, so avoid it, at least until the end of the year. Little fundamental support. Be very careful in this space.

SELL

If you're only down 10-15%, that's not so egregious, but there will be some tax loss selling into the end of the year. They'll have difficulty for the next 2 months. He'd probably step aside now, and look again in January.

DON'T BUY

This and three other cannabis stocks report tomorrow. He doesn't touch this sector--too uncertain. Regulation is still in flux. Edibles are legal, but not on the shelves. Governance has been terrible with Canopy with the CEO fired. Maybe under $15 you can defend this stock. Maybe there'll be fireworks with tomorrow's report. Avoid this sector.

DON'T BUY

He has been negative about cannabis stocks from day one. Yes, he missed the speculative run up, but he has avoided the down run as well. The sector is still in the first inning -- it is too early to know who will be the dominant players. Other sin stock sectors, like tobacco and alcohol, there are only a few large key players. When he can predict sales, earnings, cash flows then he will be willing to invest. The short term outlook looks scary as locked-in stock will be flooding the market soon. The hype is just too much. Stay away.

DON'T BUY

He is not in the cannabis space. There are too many players. It is like the auto market back in the early 1990s, when everyone was making cars. There will be a huge consolidation ahead. Maybe WEED-T is one that will survive. This is just not an investing environment.

BUY

The last 8 times it sold off and recovered. Its average decline was 42% and now around 47%. It's attractive now and the sector should show positive performance soon. Canopy remains the leader and should lead in derivative products starting in January 2020. If you want to enter cannabis with one stock, this is it.

DON'T BUY

Avoid. Tough sector, as it's unproven. Economics haven't been figured out. Revenues good, profits weak. Still tough to tell who the winners will be. A commodity has global competition. Too speculative. Unlikely that Constellation Brands will put more money in right now, but they will try to exert more influence.

COMMENT

It's one of the best weed stocks. He's invest a bit in this. They're large enough to endure problems that smaller ones have. But he needs to understand who the manager are--that determines their long-term prospects.

COMMENT

Investors are starting to see the books of the weed stocks. This is a show-me stock, but WEED is the bellweather, the big one. $60 will be a short-term top. The chart goes back to only 2018 though.

COMMENT

The push out of a senior executive, Bruce Linton, at WEED-T is a good signal for the company he thinks. There was not damage done by the Exec and he has done well personally by the agreement and is off the Board as well. This gives the Exec a great opportunity to sell his shares at a great value. The company has a $40 billion market cap. Constellation Brands had to take a charge against their $5 billion investment. Right now, Norman believes this is not an investable space yet -- the real leaders have not yet emerged. He expects further shake-outs in the space to come. There is no real brand recognition today.

WEAK BUY

His position is that he does not own it and has a difficult time understanding how they develop a completive advantage in the space. There is clear demand for the product and at the end of the day two or three will emerge and this is probably going to be one of the ones who emerges from this. This would be the one he would own if he had to own one.

BUY ON WEAKNESS

CEO Linton has done a brilliant job to build this company. Now, what is Canopy really worth per share? Who knows? There aren't good metrics developed yet for this sector. Linton is the rock star in this space. Don't buy on new highs, but wait. He has owned this and done well. Expect volatility--it'll keep you up at wait. Don't invest more than 5% of your portfolio in this. You can trade the volatility in this stock.

DON'T BUY

He thinks this is a speculative space. It is way too soon to know who are the winners. There is not a real cash flow in the sector yet. He looks for sustainable total return with a minimum of risk. This is too soon to be investing here.

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Canopy Growth Corp. (WEED.TO)