Canopy Growth

Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes […]

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Reports: Canopy Growth to buy Acreage Holdings, creating North American cannabis giant

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Canada’s Canopy Growth is close to a deal to acquire New York-based marijuana multistate operator Acreage Holdings, multiple sources, including CNBC and Bloomberg, reported Wednesday. If true, it would be the first cross-border deal involving a Canadian marijuana licensed […]

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Marijuana giant Canopy Growth to join S&P/TSX 60 index

The S&P/TSX 60 index will add Canopy Growth, an Ontario-based cannabis company, on April 18. Canopy is believed to be the first cannabis company included in the Canadian Large-Cap Index. To be considered for the exclusive index, companies must meet certain market capitalization, liquidity and domicile requirements. Canopy, based in Smiths Falls, trades on the […]

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Health Canada receives 117 complaints about cannabis promotions

Canadian marijuana businesses are still getting a handle on marketing and branding their products without breaching the country’s strict laws on cannabis promotions. Nearly six months in to the nation’s newly regulated marijuana sector, Health Canada said it has received 117 complaints regarding promotional activities of cannabis companies. In terms of enforcement, Health Canada said […]

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Swedish state-owned pension fund invests in Aurora Cannabis, Canopy

A Swedish state-owned pension fund has invested in cannabis companies for the first time. More government-run pension funds are dipping into large-cap cannabis stocks, a sign that such investments are going more mainstream. Canada’s Public Sector Pension Investment Board recently boosted its stake in Ontario’s Canopy Growth and took positions in three more multinational Canadian […]

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Canadian bank throws cold water on marijuana revenue forecasts

The Bank of Montreal (BMO) is warning investors that revenues from adult-use cannabis in Canada could come in lower than expected over the coming quarters due to the slow build-out of retail stores, flat nationwide retail sales and inventory depletion. “The pace of new bricks-and-mortar store openings, particularly in Ontario – beginning April 1 – […]

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Canopy Growth partners with more celebrities to sell marijuana

Ontario-based Canopy Growth is partnering with a Toronto cannabis company created by celebrities Seth Rogen and Evan Goldberg to sell branded flower, softgels and pre-rolled marijuana formats in the coming months. Canopy said the partnership with Houseplant – founded by Rogen, Goldberg and their partners, including United Talent Agency – was almost two years in […]

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Tilray expects GMP approval, first cannabis sales from Portugal this summer

Tilray’s facility in Portugal is expected to receive Good Manufacturing Practice (GMP) certification in the coming months, which the Canada-based cannabis company says will open the door for the first shipments from its European facility as early as this summer. Monetizing European demand for medical cannabis is core to the strategies of many publicly traded cannabis […]

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Canadian medical cannabis exports tripled last year, as race for European market position intensifies

Exports of medical cannabis from Canada soared last year as the country’s biggest licensed cannabis companies continued to establish beachheads in new medical markets overseas. Shipments of dried cannabis tripled to 1,460 kilograms (3,219 pounds) in 2018, compared with 500 kilograms in 2017 and only 44 kilograms in 2016. Exports of medical cannabis oil doubled […]

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