Latest news with #CGC
Yahoo
4 days ago
- Business
- Yahoo
Canopy Growth Corporation (CGC) Stock Drops Despite Market Gains: Important Facts to Note
Canopy Growth Corporation (CGC) ended the recent trading session at $1.45, demonstrating a -2.03% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.94%. Elsewhere, the Dow saw an upswing of 0.75%, while the tech-heavy Nasdaq appreciated by 1.52%. Prior to today's trading, shares of the company had lost 10.84% lagged the Medical sector's gain of 4.95% and the S&P 500's gain of 1.67%. Analysts and investors alike will be keeping a close eye on the performance of Canopy Growth Corporation in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.1, signifying a 72.97% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $48.08 million, showing a 0.64% drop compared to the year-ago quarter. For the full year, the Zacks Consensus Estimates project earnings of -$0.41 per share and a revenue of $199.33 million, demonstrating changes of +86.24% and +3.12%, respectively, from the preceding year. It is also important to note the recent changes to analyst estimates for Canopy Growth Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 22.27% upward. As of now, Canopy Growth Corporation holds a Zacks Rank of #3 (Hold). The Medical - Products industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 155, positioning it in the bottom 37% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canopy Growth Corporation (CGC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
PSA to begin grading comics, magazines July 14
For much of its more than three decades of existence, PSA has been one of the leaders — if not the top dog — in its primary category of card grading. But as it expands into grading comics and magazines, bringing along its learnings and infrastructure already built for cards, PSA is the new kid on the block for the first time. Advertisement The grading giant plans to open submissions for its newest category July 14 ahead of San Diego Comic-Con, following more than a year of research and development to create its own proprietary holder and a brand-new grading scale. Elizabeth Gruene, PSA's general manager of pop culture, told cllct she first started working on bringing PSA to the comic book world in early 2023 as a 'high-level business case,' analyzing the market and PSA's opportunity. Then, in 2024, development began in earnest. The company debuted its prototype holder at San Diego Comic-Con last year and solicited feedback from customers, dealers and influencers. In addition to making the holder lighter since unveiling the prototype, PSA also tweaked the dimensions to match those of CGC — the oldest and most popular comic grader in the world. Collectors were accustomed to the current infrastructure in the market dominated by CGC and wanted to continue using things such as shipping boxes or sleeves already designed around CGC slabs. Advertisement 'It's a unique position for us to be in, because we're used to being the market leader and kind of the dominant force in the card space, and with comics, that's just nothing the case,' Gruene said. 'CGC has been doing this for decades and have built a great reputation and have a really loyal customer base. And so, I think, it'd be silly to think that we could come in and just like, totally disrupt that.' Gruene emphasized PSA is approaching the new category 'with humility' and needs to earn the trust of the new demographic of collectors, who, in large part, are used to CGC. That being said, PSA hopes to bring its own best practices to the space and believes it can innovate. Advertisement Gruene cited holders as an area of differentiation. PSA focused on making its slabs tamper evident, something CGC has been criticized for at times. It's 99.9% UV reflective and produced with polycarbonate, which the company says is 'nearly unbreakable' and has an impact strength 250 times stronger than glass. It's also optimized for stackability, similar to PSA's card slabs. 'I think there's a lot we can take from what we're doing in cards and apply to comics and truly make the comic industry and the hobby better,' Gruene said. 'That's really our intention with entering. It's not to be like, 'OK, we're gonna go steal [market] share.' That's not really a battle we even really want to fight. "I think it's more about how we can increase the size of the pie and bring totally new people into this hobby that weren't in it.' PSA also sees its deep sports and international ties as an opportunity to grow the magazine market. Advertisement 'I think a lot of sports card collectors will get excited about collecting sports magazines and grading sports magazines,' Gruene said. She also thinks PSA's international footprint, particularly in Japan with Manga, is ripe for opportunity as well. The other piece of the puzzle for PSA was coming up with a grading scale from scratch. It began by comparing it to their current system for cards, as well as the 10-point scale pioneered by CGC. There is so much more to consider than in cards — more similar to a video game or a Funko Pop. Some things that make up the current grading standards will be kept and others revamped. 'We're trying to be very, very specific and quantitative in a lot of ways, because I don't want it to be inconsistent,' Gruene said. 'That's going to be something we would get roasted for is not having consistent standards.' PSA will have grading notes on all submissions, except, of course, comics that receive the perfect PSA 10, which Gruene hopes will be a big chase for collectors. Advertisement 'The PSA 10 is so iconic for the PSA brand and bringing a GEM MINT 10 to comics will be a revolutionary thing for the industry.' Will Stern is a reporter and editor for cllct, the premier company for collectible content.
Rakyat Post
5 days ago
- Automotive
- Rakyat Post
Malaysia's Biggest Amateur Golf Tournament Returns With RM2.7 Million Prize Pool And BMW Hole-in-One Cars
Subscribe to our FREE Malaysia's biggest amateur golf tournament is back with its most impressive lineup yet. The Carlsberg Golf Classic (CGC) returns for its 32nd year with a massive RM2.7 million in prizes and enough high-end gear to make any weekend warrior drool. Running from June to October, the tournament will see over 3,600 golfers battle it out across 32 clubs nationwide before 32 finalists duke it out at the prestigious The real eye-candy this year? Two (Pix: Facebook: Carlsberg Malaysia) More Than Just Cars: Vespa Scooters and Premium Golf Gear That's right – nail a hole-in-one at the National Final and you could drive home in a brand new Beemer. 'For over three decades, the Carlsberg Golf Classic has stood as a symbol of our dedication to the golfing community. It goes beyond the game – it's about passion, friendships, and unforgettable moments shared on the green,' said Stefano Clini, Managing Director of Carlsberg Malaysia. He added that this year they're proud to raise the bar with unmatched prizes and experiences, believing that great things happen when the love of golf meets the enjoyment of a perfectly brewed Carlsberg. But the BMWs aren't the only wheels up for grabs. Vespa's throwing in a (Pix: Facebook: Carlsberg Malaysia) High-End Equipment Meets Coast-to-Coast Competition The gear game is strong, too. Adidas is offering its Dress Like a PRO kit worth RM5,000, while TaylorMade is bringing premium Tech nerds will go crazy for Garmin's The tournament kicks off at Bukit Jawi Golf Resort in Penang and spans 16 clubs in Klang Valley, seven in the South, five in East Malaysia, and four in the North. Meanwhile, A'Famosa Golf Resort in Melaka makes its return to spice up the Southern leg. From Grassroots to Golf's Greatest Tradition For a competition that started as a way to grow golf from the grassroots up, CGC has evolved into something of a rite of passage for Malaysia's golfing community. It's not just about the scores, though, with prizes like these, everyone's definitely keeping count. Want in? Hit up your local golf clubhouse for details or follow @CarlsbergMalaysia on Just remember their golden rule: if you drink, don't drive. READ MORE : Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
The Sun
14-06-2025
- Sport
- The Sun
Carlsberg Golf Classic swings into it's 32nd year with bigger thrills
MALAYSIA'S most iconic amateur golf tournament is back and bigger than ever. Carlsberg Golf Classic (CGC) returns for its 32nd edition, bringing with it RM2.7m in prizes, 32 qualifying rounds nationwide, and a grand finale on one of Asia's most elite courses – the West Course at Kuala Lumpur Golf & Country Club (KLGCC). More than just a competition, CGC has become a rite of passage for Malaysia's golfing community. Through its ongoing commitment to the golfing scene, Carlsberg continues to grow the game from the grassroots up, hosting tournaments that are inclusive, sociable, and true to the enjoyment of the sport. Participants can always expect not just top-tier prizes, but also top-tier hospitality, camaraderie, and a tournament environment that is sure to last a lifetime. From avid golfers to casual fans, CGC is designed to deliver a holistic experience on and off the course – pairing the spirit of competition with #BestWithCarlsberg moments of celebration, over a well-earned ice-cold beer. 'For over three decades, the Carlsberg Golf Classic has stood as a symbol of our dedication to the golfing community. It goes beyond the game – it's about passion, friendships, and unforgettable moments shared on the green. This year, we're proud to raise the bar yet again with unmatched prizes and experiences. We believe great things happen when the love of golf meets the enjoyment of a perfectly brewed Carlsberg. That's what makes it truly #BestWithCarlsberg,' said Stefano Clini, Managing Director of Carlsberg Malaysia. From June to October, over 3,600 golfers will tee off across 32 clubs nationwide – including 16 in Klang Valley, seven in the South, five in East Malaysia, and four in the North. Making a return to this year's lineup is A'Famosa Golf Resort in Malacca, adding to the diverse mix of championship courses and enriching the Southern leg of the series. The journey culminates on 7 November at KLGCC, where 32 National Finalists will play on a course prepped to professional standards just days after the LPGA's biggest stars. This year, CGC also boasts its strongest sponsor lineup yet. New to the roster is Auto Bavaria (BMW), offering two BMW iX2 xDrive30 M Sport models (worth RM299,600 each) as Hole-in-One prizes at the National Final – setting the tone for high performance and power both on the course and in the prize pool. Returning powerhouses adidas, TaylorMade, and Garmin are bringing their A-game to the fairway with prizes that blend innovation, performance, and style. Golfers can look forward to suiting up in the adidas Dress Like a PRO kit (worth RM5,000), delivering the sleek confidence of a tour pro. Swinging into the spotlight are TaylorMade's premium Qi Diamana Blue Irons Set (worth RM7,600) and the ultra-modern Sport Modern Cart Bag (worth RM1,490), crafted for golfers who want their gear to match their game. For the tech-savvy golfer, Garmin's Approach R50 Golf Simulator & Launch Monitor (worth RM23,999) offers real-time data and precision – bringing next-level performance straight to your fingertips. njecting fresh energy into the lineup are Vespa and Le Botanical. Vespa infuses the competition with unmistakable Italian flair, offering a Vespa Primavera (valued at RM19,900) as a Hole-in-One prize during the qualifying rounds and a stylish Vespa Sprint (valued at RM20,500) for the National Final. Both prizes come with 12 cartons of Carlsberg for anyone lucky and skilled enough to snag them. Meanwhile, Le Botanical, a natural sunscreen, provides golfers with everyday sun protection on and off the course. From the first drive at Bukit Jawi Golf Resort in Penang to the final putt at the high-stakes National Final in Kuala Lumpur, CGC promises an exhilarating journey. Each round is set to deliver not just fierce competition, but also moments of kinship, celebration, and the unmistakable joy of the game – all made #BestWithCarlsberg. Whether you're aiming for a low score or that once-in-a-lifetime Hole-in-One, CGC 2025 is your chance to make it count. Visit the respective golf club houses to learn more about the competition, and follow @CarlsbergMalaysia on Facebook and Instagram for exclusive content.
Globe and Mail
13-06-2025
- Business
- Globe and Mail
Cannabis Stock CGC Rallies 39% in Three Months: Time to Buy or Sell?
Canopy Growth Corporation CGC has staged a strong rally in the past three months, all thanks to its aggressive restructuring efforts aimed at cutting costs and steering the company toward profitability. While revenue trends remain under pressure, early signs of margin improvement and debt reduction have renewed investor interest in the Canada-based cannabis operator. Let's delve into the company's fundamentals to gain a better understanding of how to play the stock amid this price increase. Canopy's Bet on Medical Cannabis & Operational Discipline Over the past two years, Canopy Growth has been streamlining operations by exiting lower-margin businesses and selling non-core assets in order to boost liquidity, reduce operating expenses and clear its path toward profitability. A key focus has been unifying its medical cannabis operations globally and sharpening commercial execution in Canada's adult-use market. Early results suggest that this strategy is gaining traction, particularly in medical cannabis. In fiscal 2025 (ended March 2025), Canadian medical cannabis net revenues rose 16% year over year to C$77 million, driven primarily by a larger average order size. In Q4 alone, revenues from this segment helped offset weakness in adult-use flower and pre-roll sales. Internationally, medical cannabis sales dipped 4% for the year to C$39 million, with declines in Australia partially offset by improving sales in Germany and Poland. Meanwhile, Canopy's vaporizer unit, Storz & Bickel, continues to be a vital contributor. Though Q4 sales were soft, full-year revenues grew 4% to C$73 million, led by strong demand for the Venty device. Restructuring efforts have begun to reflect in improved margins and bottom-line performance. While fiscal 2025 gross margins rose 300 basis points (bps) over the year-ago period, adjusted EBITDA improved by 39% year over year. The company also reduced its total debt by 49% during the full year. Looking ahead, Canopy plans to scale its global medical platform and boost Canadian profitability by focusing on high-margin formats like vapes, pre-rolls, and high-THC flower. Storz & Bickel is set to support margins through efficiencies and a new device launch. Additionally, Canopy aims to save at least C$20 million in annualized savings over the next 12-18 months through further SG&A reductions. These actions are expected to drive EBITDA improvement in FY2026 under a more focused, asset-light model. Stiff Competition in the Cannabis Space Despite operational improvements, top-line growth remains a concern. Canopy faces pressure from peers, such as Aurora Cannabis ACB, Tilray Brands TLRY and Village Farms International VFF, all of which are pursuing similar cost-cutting and international expansion strategies. As the company gains ground in Europe and Australia, competitive responses from Aurora Cannabis, Tilray Brands and Village Farms could intensify. CGC Stock Performance and Estimates Shares of Canopy Growth have plunged 44% year to date compared with the industry 's 6% fall, as seen in the chart below. Bottom-line estimates for fiscal 2026 and 2027 have seen mixed revisions over the past 60 days. How to Play CGC Stock? Canopy Growth's restructuring-led turnaround — marked by margin gains, cost discipline and renewed medical focus — is beginning to reflect in its fundamentals. However, revenue headwinds and stiff competition remain near-term challenges. Investors may want to wait for clearer signs of sustained EBITDA improvement before initiating or expanding positions. Existing shareholders could consider maintaining exposure while monitoring this Zacks Rank #3 (Hold) company's execution on its profitability roadmap. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canopy Growth Corporation (CGC): Free Stock Analysis Report Tilray Brands, Inc. (TLRY): Free Stock Analysis Report Aurora Cannabis Inc. (ACB): Free Stock Analysis Report
