CGC - Canopy Growth Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Apr 18, 2019.

  1. StockJock-e

    StockJock-e Brew Master
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    [​IMG]

    Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada to investigate the efficacy of cannabinoids for the treatment of post-concussion neurological diseases in former NHL players. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.
     
  2. StockJock-e

    StockJock-e Brew Master
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    Cannabis stocks pare early gains as Canopy secures future foothold in the U.S.

    Cannabis stocks rallied on Thursday before paring their gains, after news that the biggest company in the sector by market cap has bought the rights to acquire a U.S. multistate operator as soon as the federal ban on cannabis has been lifted.

    Canada’s Canopy Growth Corp., with its $4 billion treasure chest courtesy of an investment from Corona beer distributor Constellation Brands Inc. STZ, +3.89% said it has bought the rights to acquire New York-based Acreage Holdings as soon as cannabis has been fully legalized in the U.S. in a mostly stock deal.

    “Today we announce a complex transaction with a simple objective,” Canopy Chief Executive Bruce Linton said in a statement. “Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists.”
     
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  3. StockJock-e

    StockJock-e Brew Master
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    Well, now Im getting interested in these knocked down, worthless weed stocks ;)
     
  4. StockJock-e

    StockJock-e Brew Master
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    Can this get over April highs?
     
  5. rg7803

    rg7803 Well-Known Member

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    so far seems so...
     
  6. StockJock-e

    StockJock-e Brew Master
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    Looks like weed stocks as a sector are getting some lift today
     
  7. BoilerRoomCT

    BoilerRoomCT Member

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