Canopy Growth Corporation CGC shares are trading lower on Thursday following a short-lived rally earlier in the week.
What To Know:
CGC is sliding after the stock had a brief rally on Monday when the company announced the completion of a series of balance sheet actions aimed at reducing costs and increasing profitability. According to data from Benzinga Pro, CGC is nearing its current 52-week low of $0.384.
Canopy announced that the company will exhibit at the Opal Group's Family Office & Private Wealth Management Forum 2023 from July 10 to July 12.
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CGC Price Action: According to data from Benzinga Pro, Canopy shares are trading nearly 9% lower at 42 cents at the time of publication.
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