June 23, 2024

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Business is my step

Financial Assessment: Canopy Advancement (CGC) and The Level of competition

3 min read

Cover Progress (NASDAQ: CGC) is a person of 37 publicly-traded firms in the “Medicinals & botanicals” sector, but how does it evaluate to its friends? We will look at Cover Development to equivalent corporations based on the toughness of its dividends, institutional possession, hazard, profitability, analyst tips, valuation and earnings.


This table compares Cover Progress and its peers’ internet margins, return on fairness and return on property.

Web Margins Return on Fairness Return on Property
Canopy Progress -312.84% -13.11% -9.66%
Cover Expansion Opponents -242.83% -298.12% -45.32%

Institutional & Insider Ownership

8.9% of Cover Progress shares are owned by institutional traders. Comparatively, 20.% of shares of all “Medicinals & botanicals” firms are owned by institutional traders. .3% of Cover Development shares are owned by organization insiders. Comparatively, 23.6% of shares of all “Medicinals & botanicals” firms are owned by organization insiders. Strong institutional possession is an indication that significant cash professionals, hedge resources and endowments consider a company is poised for lengthy-term expansion.

Earnings & Valuation

This table compares Cover Growth and its friends gross income, earnings for each share and valuation.

Gross Earnings Web Earnings Value/Earnings Ratio
Canopy Expansion $297.34 million -$993.37 million 19.67
Cover Advancement Rivals $219.63 million -$128.96 million -2.20

Cover Expansion has greater profits, but lower earnings than its friends. Cover Expansion is investing at a better selling price-to-earnings ratio than its peers, indicating that it is presently far more costly than other businesses in its field.

Analyst Scores

This is a breakdown of latest ratings and focus on prices for Canopy Progress and its friends, as presented by MarketBeat.

Provide Rankings Keep Ratings Acquire Rankings Powerful Obtain Scores Ranking Score
Cover Development N/A
Canopy Progress Rivals 157 386 428 14 2.30

As a team, “Medicinals & botanicals” providers have a prospective upside of 34.57%. Given Canopy Growth’s friends bigger achievable upside, analysts plainly believe that Canopy Development has a lot less favorable progress facets than its friends.

Possibility & Volatility

Cover Advancement has a beta of 2.5, suggesting that its share rate is 150% a lot more unstable than the S&P 500. Comparatively, Cover Growth’s friends have a beta of 1.73, suggesting that their average share rate is 73% extra unstable than the S&P 500.


Cover Advancement friends conquer Canopy Growth on 6 of the 10 aspects in comparison.

Cover Growth Organization Profile

Cover Expansion Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis for recreational and health-related needs primarily in Canada, the United States, Germany, and the United Kingdom. It operates through two segments, Hashish, Hemp and Other Customer Products and Canopy Rivers. The firm’s solutions contain dried cannabis flowers, oils and concentrates, and softgel capsules. It delivers its products less than the Tweed, Quatreau, Deep House, Spectrum Therapeutics, To start with & Cost-free, TWD, This Will work, BioSteel, DNA Genetics CraftGrow, Tokyo Smoke, DOJA, Van der Pop, and Bean & Bud brands. The corporation also presents development capital and a strategic assistance system that pursues expense possibilities in the global hashish sector. Canopy Growth Corporation has a medical analysis partnership with NEEKA Wellbeing Canada and NHL Alumni Affiliation to look at the efficacy of CBD-primarily based therapies as element of the mitigation of persistent put up-concussion symptoms. As of February 14, 2020, it operated 28 hashish retail stores less than the Tweed or Tokyo Smoke name. The corporation was previously known as Tweed Cannabis Inc. and transformed its identify to Canopy Advancement Company in September 2015. Canopy Advancement Company is headquartered in Smiths Falls, Canada.

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