A dip in Canopy Growth stock price yesterday was quickly bought into, a sign of underlying support levels around CAD 4.10 in the daily chart structure. Canopy Growth, known for its portfolio of brands like Tweed, has long been preparing for U.S. legalization, notably through its strategic partnership with beverage giant Constellation Brands. The consensus earnings estimate of -$0.5 for the current fiscal year indicates a year-over-year change of +83.2%. This estimate has remained unchanged over the last 30 days. Today’s Canopy Growth stock price action aligns with sector-wide CAGR projections of 18% for the legal cannabis industry through 2030, fueling bullish sentiment in speculative portfolios.
