Canopy Growth Corp (WEED) Downgraded to Sell at Canaccord Genuity

Canaccord Genuity lowered shares of Canopy Growth Corp (TSE:WEED) from a hold rating to a sell rating in a research note published on Thursday. The firm currently has C$11.00 price target on the stock, up from their prior price target of C$9.50.

Separately, Cowen and Company decreased their price objective on shares of Canopy Growth Corp from C$15.00 to C$10.00 in a research report on Wednesday, June 14th.

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About Canopy Growth Corp

Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. The company offers dried, oil, and softgel cannabis products. Canopy Growth Corporation also sells its products through online. The company was formerly known as Tweed Marijuana Inc and changed its name to Canopy Growth Corporation in September 2015.

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