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Canopy Growth Appoints Margaret Shan Atkins to Board

Story Highlights
  • Canopy Growth appointed Margaret Shan Atkins to its Board of Directors on August 6, 2025.
  • The company reported a 9% revenue increase in Q1 FY2026, driven by strong Canadian cannabis sales.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Canopy Growth Appoints Margaret Shan Atkins to Board

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The latest announcement is out from Canopy Growth ( (TSE:WEED) ).

On August 6, 2025, Canopy Growth appointed Margaret Shan Atkins to its Board of Directors, enhancing the board with her extensive experience in retail strategy, consumer goods, and finance. The company reported a 9% increase in net revenue for Q1 FY2026, driven by strong performance in the Canadian adult-use cannabis market, despite a decrease in gross margin due to product mix changes and lower sales in high-margin markets. The company is focused on improving margins and maintaining growth momentum in the cannabis sector, while Storz & Bickel prepares to launch a new vaporizer to boost consumer interest.

The most recent analyst rating on (TSE:WEED) stock is a Sell with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.

Spark’s Take on TSE:WEED Stock

According to Spark, TipRanks’ AI Analyst, TSE:WEED is a Neutral.

Canopy Growth’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues, profitability challenges, and cash flow issues. While there are positive signs from restructuring efforts and corporate events, these are insufficient to offset the significant financial and market challenges the company faces.

To see Spark’s full report on TSE:WEED stock, click here.

More about Canopy Growth

Canopy Growth Corporation operates in the cannabis industry, focusing on the production, distribution, and sale of cannabis and cannabis-related products. The company is also involved in the production and sale of vaporizers and accessories through its Storz & Bickel segment. Its market focus includes both Canadian and international markets, with a significant presence in the adult-use and medical cannabis sectors.

Average Trading Volume: 2,115,527

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$327.8M

For a thorough assessment of WEED stock, go to TipRanks’ Stock Analysis page.

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