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Home / Market Movers / Cannabis Stock Leader: Canopy Growth Corporation (TSX:WEED:CA) Advances 2.23% for July 28

Cannabis Stock Leader: Canopy Growth Corporation (TSX:WEED:CA) Advances 2.23% for July 28

Canopy Growth Corporation (TSX:WEED:CA) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 28, gaining 2.23% to close the day at $9.15 after opening the trading day at $8.94. Today’s rise came with about 1.4 million shares changing hands, compared to an average of 30-day volume of 1.01 million for Canopy Growth Corporation. Shares moved as high at $9.25 and as low as $8.87 in today’s action.

The share appreciation gives the company a market capitalization of $1.48 billion based upon 165.22 million shares outstanding.

In the past 52 weeks, shares of Canopy Growth Corporation have traded as low as $2.97 and as high as $17.86. Technical traders will take note that at $9.15, shares of WEED:CA are trading above their 50-day moving average (MA) at $7.971 and below their 200-day MA at $9.381. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.

Who is Capital Gold Cor?

Canopy Growth Corp is a multi-brand holding company. Through its subsidiaries Tweed Inc, Tweed Farms Inc, and Bedrocan Canada Inc, the Company is engaged in growing and distributing marijuana products to patients across Canada. The company is working from its headquarters in Smiths Falls, ON.

For more information on Capital Gold Cor and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

About PotNetwork.com

PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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