Contrasting Canopy Growth (CGC) & The Competition

published 30.09.2020 12:24

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The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015.

Comparatively, Canopy Growth’s competitors have a beta of 2.57, meaning that their average share price is 157% more volatile than the S&P 500.

Canopy Growth is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Canopy Growth (NYSE: CGC) is one of 33 publicly-traded companies in the “Medicinals & botanicals” industry, but how does it compare to its competitors?

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