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Constellation Brands Recognizes Equity In Losses & Related Activities From Investment In Canopy Growth
Canopy Growth Receives Key Extraction Licence
Canopy Growth On Track To Unveil Portfolio Of Value-Add, Higher-Margin Products In Various Form Factors In October 2019
Canopy Growth Corp, formerly Tweed Marijuana Inc, is a Canada-based multi-brand cannabis company. The Company, through its subsidiaries Tweed Inc, Bedrocan Canada Inc, Tweed Farms Inc and Mettrum Health Corp is engaged in the business of producing and selling legal marijuana in the Canadian medical market. It is also focusing on producing and selling marijuana in the recreational market in Canada. Its core brands are Tweed and Bedrocan. Tweed is a licensed producer of medical marijuana. Tweed's commercial license covers approximately 168,000 square feet of its Smiths Falls facility and allows Tweed to produce and sell approximately 3,540 kilograms of medical marijuana per year. Tweed's built-out production capacity is over 10 climate controlled indoor growing rooms. Bedrocan is a medical-grade cannabis. Bedrocan's over 52,000 square feet production facility in Toronto, Ontario is licensed, and includes over 30 vegetative and growing rooms, and over three dispensing rooms.
Biotechnology & Drugs
1 Hershey Dr
John K. Bell
Independent Chairman of the Board
Rade Nikola Kovacevic
Chief Executive Officer
Acting Chief Financial Officer
Senior Vice President - Strategic Expansion and Continuous Improvement
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Canada's Canopy Growth Corp fired founder and co-Chief Executive Officer Bruce Linton, a surprise move that comes just a week after the weed producer's largest shareholder expressed disappointment over its loss-making streak.
Canopy Growth Corp <WEED.TO> said on Thursday it expects another three to five years to turn in a profit as Canada's largest cannabis company invests heavily to diversify and expand.
Canopy Growth Corp, Canada's largest cannabis company, reported a bigger quarterly loss on Wednesday, as it took a one-time charge of C$1.2 billion related to the expiry of warrants held by Constellation Brands, which holds a major stake in the company.
Canadian cannabis producer Canopy Growth Corp said on Wednesday Bruce Linton will step down as co-chief executive officer, effective immediately.
The biggest of Canada's booming pot growers, Canopy Growth Corp, has further to go on a string of acquisitions that has seen it suck up at least 12 smaller firms in a year, but it is done buying other producers, Chief Executive Officer Bruce Linton said.
Pot producer Canopy Growth Corp reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following Canada's legalization of recreational cannabis.
Canadian pot producer Canopy Growth Corp reported a more than four-fold jump in quarterly revenue on Thursday, benefiting from higher sales following Canada's legalization of recreational cannabis.
Canopy Growth Corp said on Wednesday it would buy skincare company This Works for C$73.8 million ($55.2 million), adding beauty and sleep products to the Canadian weed producer's portfolio of cannabis oil, hemp and medical capsules.
Acreage Holdings Inc shareholder Marcato Capital Management LP said on Monday it would vote against the company's proposed $3.4 billion deal with Canopy Growth Corp.
Asset manager Marcato Capital Management LP, a shareholder of Acreage Holdings Inc, said on Monday it would vote against the company's proposed deal with Canopy Growth Corp.
Hedge fund Marcato Capital Management said on Monday it opposed marijuana company Acreage Holdings Inc's $3.4 billion sale to rival Canopy Growth Corp, arguing Acreage was too hasty in agreeing to a deal at too low a price.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
Canopy Growth Corp said on Thursday it had secured a right to buy Acreage Holdings Inc for $3.4 billion once the United States legalizes the production and sale of cannabis.
Canadian marijuana producer Canopy Growth Corp said on Thursday it would buy U.S.-based pot firm Acreage Holdings in a deal valued at $3.4 billion.
Canadian marijuana producer Canopy Growth Corp is close to a deal to buy U.S.-based pot firm Acreage Holdings, a source familiar with the matter told Reuters on Wednesday.
Cannabis investor Canopy Rivers Inc, the venture arm of industry giant Canopy Growth Corp went public on Thursday in a debut that gave it a market capitalization of about C$1.6 billion ($1.24 billion), more than double its valuation prior to the listing.
Corona beer maker Constellation Brands <STZ.N> will infuse another $4 billion into Canada's top cannabis producer Canopy Growth <WEED.TO>, the biggest investment in the industry, to capitalize on booming demand for marijuana.
Constellation Brands Inc said on Wednesday it would invest $4 billion more in Canopy Growth Corp , raising its ownership stake in the Canadian marijuana producer to 38 percent.
Canada's Canopy Growth Corp <WEED.TO> is buying Toyko Smoke cannabis owner Hiku Brands Co Ltd <HIKU.CD> for C$269.2 million ($205.3 million), the latest deal in a fast-consolidating sector ahead of legal recreational marijuana sales.
* CANOPY GROWTH ENTERS AGREEMENT TO ACQUIRE OUTSTANDING SHARES OF RESEARCH ARM CANOPY HEALTH INNOVATIONS
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