Canopy Growth

Exec advises Canada to increase marijuana production now

Licensed producers in Canada should ramp up production capacity in the next 12 months in order to meet consumer demand when the country’s recreational marijuana industry is expected to be legalized next summer, according to one cannabis executive. “We need to expand our capacity right away simply to meet the demands of the rapidly growing […]

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Canadian cannabis grower to trade on Toronto Stock Exchange

Aurora Cannabis Inc. will become the fifth marijuana company on the Toronto Stock Exchange when its shares begin trading there Monday, the latest sign that Canadian MJ businesses are joining the mainstream. Vancouver-based Aurora joins Aphria, Canopy Growth, CanniMed Therapeutics and MedReleaf on the TSX, Canada’s largest exchange. The five companies have a combined market capitalization of over 4 […]

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A Canadian marijuana growth strategy: Q&A with Canopy CEO Bruce Linton

By Omar Sacirbey

Canada’s biggest medical marijuana producer, Canopy Growth in Smith Falls, Ontario, serves more than one third of the nation’s MMJ patients and generated 203 million Canadian dollars ($160 million) in revenue last year.

But the company also lost CA$16.7 million.

How? An aggressive expansion plan.

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Canadian MMJ producer Canopy Growth is growing and spending

Canada’s biggest federally licensed medical marijuana producer, Canopy Growth, posted a loss of 16.7 million Canadian dollars ($12.84 million) in the last fiscal year, but it’s all part of the company’s expansion plans. The Smiths Falls, Ontario-based company has an aggressive growth plan for its production facilities as it tries to position itself to serve Canada’s recreational […]

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Canada MMJ grower can’t trace pesticide source, offers refund

OrganiGram, a federally licensed medical marijuana cultivator in Canada that recalled contaminated product last year, said it conducted an “extensive investigation” but was unable to find the source for the tainted cannabis. The company also said it had reversed an earlier decision and now will refund money to patients who bought the contaminated cannabis. The total […]

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Canadian MJ grower to list on major stock exchange

In what could be a first in both the cannabis industry and stock market history, a large marijuana cultivation company will list on a major North American stock exchange. Canopy Growth Corp., one of Canada’s biggest licensed medical marijuana companies, started trading on the Toronto Stock Exchange (TMX) Tuesday under the ticker symbol CGC, according […]

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Canadian MMJ Producer Partnering With Brazilian Company

One of Canada’s largest medical cannabis producers has found yet another international partner – this time in Brazil. Canopy Growth Corp., which owns Bedrocan, has teamed up with Brazilian company Entourage Phytolab SA and also founded a new subsidiary, Bedrocan Brazil. The latter will import MMJ products via either Canada or the Netherlands, according to the […]

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Marijuana Website Wikileaf Bought By Canadian Firm

Nesta Holding Co. has acquired Wikileaf.com, a website offering Priceline-style marijuana deals at local dispensaries. Forbes said terms for the previously unreported deal, which occurred in December, weren’t disclosed. Launched in 2014, Seattle-based Wikileaf allows patients and recreational customers to specify how much they want to spend in general on cannabis. It then returns a list of […]

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