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Canopy Growth Corp (WEED.TO)

WEED.TO on Toronto Stock Exchange

45.82CAD
15 Jul 2019
Change (% chg)

$1.24 (+2.78%)
Prev Close
$44.58
Open
$44.50
Day's High
$46.72
Day's Low
$43.51
Volume
2,667,912
Avg. Vol
2,211,148
52-wk High
$76.68
52-wk Low
$31.81

Latest Key Developments (Source: Significant Developments)

Canopy Growth Announces Plan To Acquire U.S. Cannabis Operator Acreage Holdings
Thursday, 18 Apr 2019 

April 18 (Reuters) - Acreage Holdings Inc ::CANOPY GROWTH ANNOUNCES PLAN TO ACQUIRE LEADING U.S. MULTI-STATE CANNABIS OPERATOR, ACREAGE HOLDINGS.ACREAGE HOLDINGS INC - AGGREGATE TOTAL PAYMENT OF US$300 MILLION OR APPROXIMATELY US$2.55 PER ACREAGE SUBORDINATE VOTING SHARE.ACREAGE HOLDINGS INC - TRANSACTION IS VALUED AT APPROXIMATELY US$3.4 BILLION.ACREAGE HOLDINGS - COS WILL ALSO EXECUTE LICENSING AGREEMENT GRANTING ACREAGE ACCESS TO CANOPY'S LINE-UP OF BRANDS SUCH AS TWEED AND TOKYO SMOKE.ACREAGE HOLDINGS - HOLDERS OF SUBORDINATE VOTING SHARES OF ACREAGE WILL RECEIVE 0.5818 OF A COMMON SHARE OF CANOPY GROWTH FOR EACH ACREAGE SHARE HELD.ACREAGE HOLDINGS INC - ACREAGE PRESIDENT, GEORGE ALLEN WILL DEPART COMPANY EFFECTIVELY IMMEDIATELY.ACREAGE HOLDINGS INC - ACREAGE CHAIRMAN AND CEO KEVIN MURPHY WILL ASSUME DUTIES OF PRESIDENT.ACREAGE HOLDINGS INC - UNDER TERMS OF AGREEMENT, CANOPY GROWTH WILL PAY UP-FRONT CASH PREMIUM TO ACREAGE HOLDERS.ACREAGE HOLDINGS INC - WILL ALSO EXECUTE A LICENSING AGREEMENT GRANTING ACREAGE ACCESS TO CANOPY GROWTH'S BRANDS SUCH AS TWEED AND TOKYO SMOKE.ACREAGE HOLDINGS INC - DUE TO SCOPE OF PROPOSED DEAL, CANOPY GROWTH AND CONSTELLATION BRANDS HAVE AMENDED INVESTOR RIGHTS AGREEMENT.ACREAGE HOLDINGS INC - CONSTELLATION WILL CONTINUE TO MAINTAIN ITS CURRENT LEVEL OF REPRESENTATION ON CANOPY'S BOARD.ACREAGE HOLDINGS INC - AGREEMENT INCLUDES TERMINATION FEE IN AMOUNT OF US$150 MILLION PAYABLE BY ACREAGE IN EVENT THAT TRANSACTION IS TERMINATED.  Full Article

Canopy Growth Expands European Footprint, Acquires Spain's Cafina
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH EXPANDS EUROPEAN FOOTPRINT, ACQUIRES SPANISH LICENSED CANNABIS PRODUCER CAFINA.  Full Article

Canopy Growth Says Houseplant Will Lean On Production And Distribution Capabilities Of Co And Its Licensed Subsidiaries
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Canopy Growth Corp ::CO WELCOMES HOUSEPLANT TO FAMILY.HOUSEPLANT WILL LEAN ON PRODUCTION AND DISTRIBUTION CAPABILITIES OF CANOPY GROWTH AND ITS LICENSED SUBSIDIARIES.THROUGH A MINORITY OWNERSHIP IN NEW BUSINESS VENTURE, CO TO HELP HOUSEPLANT SCALE QUICKLY.  Full Article

Canopy Growth Receives New Health Canada Licence In Atlantic Canada That Will Boost Output, Create Jobs
Monday, 25 Mar 2019 

March 25 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH RECEIVES NEW HEALTH CANADA LICENCE IN ATLANTIC CANADA THAT WILL BOOST OUTPUT, CREATE JOBS.CANOPY GROWTH CORP - NEW $40M PRODUCTION FACILITY WILL INCREASE CANOPY GROWTH'S CANNABIS OUTPUT BY MORE THAN 5,000KG ANNUALLY.CANOPY GROWTH CORP - FIRST HARVESTS FROM FACILITY EXPECTED TO BECOME AVAILABLE TO MARKET WITHIN SIX MONTHS.  Full Article

Alimentation Couche-Tard And Canopy Growth To Support Cannabis Retail In London, Ontario
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Canopy Growth Corp ::ALIMENTATION COUCHE-TARD AND CANOPY GROWTH TO SUPPORT CANNABIS RETAIL IN LONDON, ONTARIO.ALIMENTATION COUCHE-TARD HAS ENTERED INTO A MULTI-YEAR AGREEMENT WITH CO.  Full Article

Constellation Brands Reports Qtrly Comparable Basis EPS Of $2.37
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS REPORTS THIRD QUARTER FISCAL 2019 RESULTS.QTRLY REPORTED BASIS EPS OF $1.56.QTRLY COMPARABLE BASIS EPS OF $2.37.UPDATES FISCAL 2019 REPORTED BASIS EPS OUTLOOK TO $12.95 - $13.05.Q3 EARNINGS PER SHARE VIEW $2.06 -- REFINITIV IBES DATA.QTRLY REPORTED NET SALES $1,973 MILLION, UP 9 PERCENT.UPDATES FISCAL 2019 COMPARABLE BASIS EPS OUTLOOK TO $9.20 - $9.30.CONSTELLATION BRANDS - AFFIRMS FISCAL 2019 OPERATING CASH FLOW TARGET OF ABOUT $2.45 BILLION AND FREE CASH FLOW PROJECTION OF $1.2 - $1.3 BILLION.SEES FY 2019 CAPITAL EXPENDITURES OF $1.15 BILLION - $1.25 BILLION.CONSTELLATION BRANDS - FISCAL 2019 REPORTED BASIS AND COMPARABLE BASIS EPS OUTLOOK INCLUDES ADDITIONAL INTEREST EXPENSE FOR CANOPY FINANCING.CONSTELLATION BRANDS - FISCAL 2019 REPORTED BASIS AND COMPARABLE BASIS EPS OUTLOOK EXCLUDES Q4 CANOPY EQUITY EARNINGS.CONSTELLATION BRANDS - FOR FISCAL 2019, THE BEER BUSINESS NOW EXPECTS NET SALES GROWTH TO BE AT THE HIGH END OF THE 9 - 11% RANGE.CONSTELLATION-ESTIMATES INTEREST EXPENSE ASSOCIATED WITH CANOPY GROWTH TRANSACTION TO ABOUT $55 MILLION BEFORE TAX WITH ABOUT $0.25 IMPACT ON FISCAL 2019 EPS.WINE AND SPIRITS BUSINESS NOW EXPECTS NET SALES AND OPERATING INCOME TO DECLINE LOW-SINGLE DIGITS FOR FISCAL 2019.$164 MILLION DECREASE IN FAIR VALUE OF CANOPY INVESTMENTS RECOGNIZED FOR Q3.FY2019 EARNINGS PER SHARE VIEW $9.43 -- REFINITIV IBES DATA.Q3 REVENUE VIEW $1.91 BILLION -- REFINITIV IBES DATA.  Full Article

Organigram And Canopy Growth Partner In Newfoundland And Labrador
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Canopy Growth Corp ::ORGANIGRAM & CANOPY GROWTH PARTNER IN NEWFOUNDLAND AND LABRADOR BY SIGNING SUPPLY AGREEMENT INCLUDING DISTRIBUTION AND RETAIL SERVICES.CANOPY GROWTH CORP - ORGANIGRAM HOLDINGS AND CANOPY GROWTH HAVE SIGNED A TWO-YEAR SUPPLY AND DISTRIBUTION AGREEMENT.  Full Article

Canopy Growth Corp Announces Offering Of C$400.0 Mln Of Convertible Senior Notes Due 2023
Wednesday, 13 Jun 2018 

June 13 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH CORPORATION ANNOUNCES OFFERING OF C$400.0 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2023.  Full Article

Canopy Growth Enters Agreement To Acquire Outstanding Shares Of Research Arm Canopy Health Innovations
Tuesday, 15 May 2018 

May 15 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ENTERS AGREEMENT TO ACQUIRE OUTSTANDING SHARES OF RESEARCH ARM CANOPY HEALTH INNOVATIONS.CANOPY GROWTH CORP - SHAREHOLDERS OF CHI WILL RECEIVE 0.3790 COMMON SHARES OF COMPANY FOR EACH COMMON SHARE OF CHI HELD.CANOPY GROWTH CORP - WILL ISSUE OPTIONS TO BUY SHARES OF CO FOR OPTIONS PREVIOUSLY ISSUED BY CHI AND CANOPY ANIMAL HEALTH.CANOPY GROWTH - CO, CHI, CANOPY ANIMAL HEALTH ENTERED INTO AGREEMENT PURSUANT TO WHICH CO WILL BUY UNOWNED INTEREST IN CHI, CANOPY ANIMAL HEALTH.CANOPY GROWTH - IN AGGREGATE, WILL ISSUE ABOUT 3 MILLION SHARES, HAVING VALUE OF $91.6 MILLION WITH OPTIONS HAVING "IN-THE-MONEY" VALUE OF $9.7 MILLION.CANOPY GROWTH CORP - CHI MANAGEMENT TEAM WILL REMAIN IN PLACE.  Full Article

Canopy Growth And Canopy Rivers Announce Strategic Agreement With Livewell Foods
Thursday, 5 Apr 2018 

April 5 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH AND CANOPY RIVERS ANNOUNCE STRATEGIC AGREEMENT WITH LIVEWELL FOODS.AS PART OF DEAL, SUBJECT TO COMPLETION OF CERTAIN MILESTONES, CANOPY GROWTH AND CANOPY RIVERS, WILL EACH BE ISSUED EQUITY IN LIVEWELL.‍AS PART OF AGREEMENT, SUBJECT TO COMPLETION OF CERTAIN MILESTONES, CANOPY GROWTH, CANOPY RIVERS, WILL EACH BE ISSUED EQUITY IN LIVEWELL​.‍LIVEWELL HAS OPTION TO DRAW ON UP TO $20 MILLION OF DEBT FINANCING FROM CANOPY RIVERS TO SUPPORT LIVEWELL'S CONTINUED GROWTH INITIATIVES​.LIVEWELL HAS ALSO RECEIVED AN INITIAL PURCHASE AGREEMENT FROM CANOPY, FOR CANNABIS PRODUCTION AT OTTAWA PROJECT.  Full Article

CANADA STOCKS-TSX flat as healthcare offsets materials' gains

July 12 Canada's main stock index treaded water on Friday, as losses in healthcare stocks led by cannabis producer CannTrust were offset by gains in the materials sector.