Canopy Growth (TSX:WEED) 3-Month Share Buyback Ratio : -37.60% (As of Dec. 2024 )

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What is Canopy Growth 3-Month Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past three months, calculated as the percentage change in shares outstanding from the previous quarter to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Canopy Growth's current 3-Month Share Buyback Ratio was -37.60%.

Competitive Comparison of Canopy Growth's 3-Month Share Buyback Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Canopy Growth's 3-Month Share Buyback Ratio, along with its competitors' market caps and 3-Month Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canopy Growth's 3-Month Share Buyback Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Canopy Growth's 3-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Canopy Growth's 3-Month Share Buyback Ratio falls into.

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Canopy Growth 3-Month Share Buyback Ratio Calculation

Canopy Growth's 3-Month Share Buyback Ratio for the quarter that ended in Dec. 2024 is calculated as

3-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Sep. 2024 )	-	Shares Outstanding (EOP) (Dec. 2024 ))	/	Shares Outstanding (EOP) (Sep. 2024 )
	=	(93.864	-	129.153)	/	93.864
	=	-37.60%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canopy Growth (TSX:WEED) 3-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Canopy Growth 3-Month Share Buyback Ratio Related Terms

Canopy Growth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Canopy Growth Corp (TSX:WEED) » Definitions » 3-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

CGC:USA 11L:Germany 11L:Germany 11L:Germany

Address

1 Hershey Drive, Smiths Falls, ON, CAN, K7A 0A8

Website

https://www.canopygrowth.com

Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include skincare products under Martha Stewart CBD and Storz & Bickel vaporizers. Canopy growth merged its US assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.

Executives

David Angelo Lazzarato	Director
Christelle Gedeon	Senior Officer
Judy Eun Joo Hong	Senior Officer
David Eric Klein	Director or Senior Officer of 10% Security Holder
Willy Kruh	Director
Luc Mongeau	Director
Terry Yanofsky	Director
Judy A. Schmeling	Director
Thomas Carlton Stewart	Senior Officer
Rade Nikola Kovacevic	Senior Officer
Phillip Shaer	Senior Officer
Thomas Shipley	Senior Officer
David Bigioni	Senior Officer
Bruce Linton	10% Security Holder, Director, Senior Officer
Mark Anthony Nicholas Zekulin	Senior Officer