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Canopy Growth information


Canopy Growth Corporation
Company typeMedical marijuana and, in Canada, recreational marijuana
Traded as
TSX: WEED
Nasdaq: CGC
ISINCA1380351009
IndustryCannabis
PredecessorTweed Marijuana Inc.
Bedrocan Canada Inc.
Founded2013 (2013)
FoundersBruce Linton, Mark Zekulin, Chuck Rifici
Headquarters
Smiths Falls, Ontario
,
Canada
Area served
Worldwide
ProductsMedical cannabis, recreational cannabis
RevenueDecrease Can$520.33 million (2022)[1]
Net income
Increase Can$ -302.18 million (2022)[1]
Total assetsDecrease Can$5.64 billion (2022)[1]
Total equityIncrease Can$3.63 billion (2022)[1]
Number of employees
2,000+
Websitewww.canopygrowth.com
www.tweed.com
www.spectrumcannabis.ca

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

In April 2019, Canopy was the world's largest cannabis company, based on the value of all shares, or market capitalization.[2] At that time, Constellation Brands Inc. controlled over 35% percent of the company which had approximately 3,200 employees.[3] The year 2019 created new challenges for the company however, with its stock price dropping by about 32%.[4] In the next two years (to the end of 2021) its shares dropped an additional 55%. In September 2022, the company announced divestiture of its Canadian retail operations, selling its 28 retails stores across the country to other cannabis companies.[5]

  1. ^ a b c d "Canopy Growth Corporation". canopy growth. Retrieved 18 June 2023.
  2. ^ "Canopy Growth Is Near a Deal to Acquire Acreage Holdings". Blommberge. 17 April 2019. Retrieved 19 April 2019.
  3. ^ "Marijuana Bet Paying Off for Alcohol Giant Constellation Brands". Blommberge. 18 April 2019. Retrieved 19 April 2019.
  4. ^ "Canopy names Constellation's David Klein as its new CEO". Bloomberg News. 10 December 2019. Retrieved 9 December 2019.
  5. ^ "Canada reviews its Cannabis Act, 4 years after it legalized marijuana". 30 September 2022.

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