Canopy Growth Corporation is a Canadian company based in Ontario, founded by Bruce Linton and Chuck Rifici in 2013 under the name Tweed, which specializes in the production of medical and recreational cannabis.
In April 2019, Canopy was the world's largest cannabis company, based on the value of all its shares or its market capitalization.
In 2019, Canopy received an investment of nearly 4 billion in exchange for 39% of its shares in Constellation Brands Inc. It also acquired Acreage Holdings, a U.S. cannabis company, with the transaction contingent on the federal legalization of cannabis in the United States.
Following the forced departure of its founder in 2019, the company continued its international expansion while striving to achieve profitability in a Canadian market that proved more challenging than anticipated.
Canopy Growth is listed on both the TSX (ticker symbol: WEED) and the NASDAQ (ticker symbol: CGC). It operates in Canada, Europe, and the United States through its brands Tweed, Storz & Bickel, and Tokyo Smoke.
On this page, you'll find all the Canopy Growth news published by Newsweed—financial results, appointments, acquisitions, and strategic developments.
