How to start trading Canopy Growth (CGC) stocks with Capital.com?

To start trading Canopy Growth (CGC) stocks with Capital.com, Open Capital.com CFD Account and log in to the Capital.com Official Website.

Then you need to make a deposit to your account before starting trading Canopy Growth (CGC) stocks.

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What is Canopy Growth?

Canopy Growth Corporation, or CGC for short, is the world’s largest hemp production company. Founded in 2013, CGC is the first publicly traded cannabis producer in the United States. It is listed and traded on the Toronto Stock Exchange (TSX) (stock code: WEED) and the New York Stock Exchange (NYSE) (stock code: CGC).

CGC is known as “Canada’s first marijuana unicorn worth $1 billion” and currently operates under several well-known brands. CGC’s subsidiaries include licensed cannabis producers Tweed, Tweed Farms and Spectrum Cannabis.

As the first cannabis cultivation company, CGC was included in the Standard & Poor’s/Toronto Stock Exchange Composite Index (S&P/TSX) of the world’s major stock market indexes. The company mainly produces cannabis oil and concentrates, soft capsules, and cannabis, and specializes in researching and developing new cannabis drug formulations, medically approved vaporizers and cannabis drugs for the domestic and international markets.

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CGC stock trading hours

CGC company stock (stock code: WEED ), also known as cannabis stock, is listed and traded on the Toronto Stock Exchange (TSX), trading hours are 09:30-16:00 (GMT-5 hours); at the same time, CGC stock is still in New York The stock exchange (NYSE) is listed and traded under the stock code CGC, and the trading hours are as follows:

Pre-market trading 04:00-09:30

Trading time 09:30-16:00

After-hours trading 16:00-20:00

If you choose to trade CFDs, you can view Canopy Growth (WEED) real-time stock prices and CGC/USD trading charts on the Capital.com trading platform. The trading hours are:

Monday to Friday: 14:30-21:00

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How to trade Canopy Growth (WEED) CFDs?

There are two ways for individual traders (retail investors) to participate in Canopy Growth (WEED) stock trading. The first is to purchase company stocks directly on the exchange where the stock is listed. For example, you can buy Canopy Growth (WEED) shares on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), which means that you actually own the company’s equity. This is a long-term investment, because investors usually hold positions for a long time and wait for the stock price to rise. Buying stocks directly is a popular investment method, but it lacks some necessary trading features, such as margin trading, and CFD trading can just make up for this shortcoming.<​​/p>

Another trading method is to use CFDs to trade stocks, speculating on price differences without actually owning them. A contract for difference is a financial instrument. It is an agreement between a broker and an investor. One party agrees to pay the other party the difference between the opening and closing positions of an asset when the agreement expires. You can choose to take a long position (long position) (speculate that the price will rise) or short position (short position) (speculate that the price will fall). This is a short-term investment or transaction, because CFDs are an alternative to stock trading and usually hold positions for a short period of time.

The biggest difference between long positions (contracts for difference trading) and direct purchases of securities (listed exchanges) is the leverage used. CFDs are margin trading, which means that traders can use limited funds to open larger positions.

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Why choose Capital.com?

Advanced artificial intelligence technology
Facebook-style news information flow provides users with personalized and rich information. When a trader makes a biased trading decision, the smart news stream will display a series of information to help the trader understand the trading blind spots and identify the trading bias. This neural network can optimize your investment strategy by analyzing in-app activities and recommending videos, articles and news.
Margin trading
On the Capital.com trading platform, you can use up to 5 times leverage for margin trading and use CFD to easily enter the Canopy Growth (WEED) financial market.
Spread trading
When using CFDs to trade Canopy Growth (WEED) stocks, you don’t need to buy the underlying assets, you only need to speculate on the rise and fall of Google’s stock price. In addition to supporting all traditional market strategies, CFDs also allow you to short trade. CFD investors can not only short and long, but also use stop and limit orders to set up capital protection for their investment.
Comprehensive transaction analysis
Traders can create personalized market analysis on the Capital.com web trading platform and use technical indicators to judge market trends. Real-time market dynamics, various charts, and multi-channel access platforms: web, iOS and Android.
Security
Capital.com has always been committed to providing security. Register with FCA and CySEC, fulfill all regulations, and make user data security the top priority. User funds are stored separately, safe and secure, and the platform supports all-weather cash withdrawal services.

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CGC company history

In 2013, Bruce Linton and Chuck Rifici jointly established Tweed Marijuana, becoming the first publicly traded and federally regulated cannabis producer in the United States. In 2015, the company changed its name to Canopy Growth Corporation (CGC).

In 2017, CGC was listed and traded on the Toronto Stock Exchange (TSX) under the stock code of WEED. In May 2018, the company was listed on the New York Stock Exchange under the stock code CGC, becoming the first cannabis producer on the New York Stock Exchange.

In October 2018, Canada legalized marijuana for recreational use. Bruce Linton was the first Canadian to sell legal cannabis.

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What factors affect the price of CGC stock?

Like other stocks, quarterly earnings announcements and broader stock market financial performance are the two key factors that determine the price of CGC stock.

With the further development of marijuana legalization, CGC stock price forecasts show good growth potential. According to market capital and stock value, Canopy Growth, the world’s largest marijuana stock, has very strong long-term development prospects in the global legal marijuana industry.

In August 2018, Constellation Brands, a leading international producer of beer, wine and spirits, invested 5 billion Canadian dollars (approximately US$3.8 billion) in CGC. Bruce Linton said that the funds will help the company’s business expansion on a global scale. After the formal announcement of the conclusion of the transaction with Constellation, CGC’s market value rose to nearly $12 billion.

In October of the same year, Linton was awarded the title of “CEO of the Year 2018” by the Ottawa Business Journal, and the market value of CGC exceeded US$14 billion.

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What are the main competitors of CGC?

As many countries around the world recognize the legality of cannabis, more and more traders are turning their attention to cannabis stocks. The review of the legalization of marijuana is only a matter of time. CGC stocks and other marijuana stocks provide investors with a good trading plan.

The following are the three major competitors of CGC:

Aurora Cannabis (ACB)
ACB is engaged in the production and sales of medicinal cannabis products, and its business scope covers 19 countries on five continents.
Tilray Corporation
Tirlay is the first company in North America to legally export medical marijuana to New Zealand and Australia.
Aphria Corporation
Aphria is engaged in the production of a series of safe, high-purity, and high-quality medical cannabis and cannabis oil products.

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