Legalized marijuana has a lot of investors having visions of lots of green. With legalization sweeping across the states, it seems to be a great time to invest in marijuana stocks. Unfortunately, it’s not.
Tag Archives: Canopy Growth
With the Picture Province estimating that recreational legalization will create hundreds of new jobs and generate up to $150 million annually in recreational sales, the province has named the fourth New Brunswick recreational cannabis supplier.
On Jan. 16, 2018, Canadian cannabis company Canopy Growth Corporation (TSX: WEED) announced its arrangement to provide marijuana to the province of Prince Edward Island.
Merrill Lynch may have been one of the first mainstream investment firms to release a report on the burgeoning legal marijuana market back in 2015, but more have followed, including the Edward Jones marijuana report that recently entered the fray.
Canada’s Canopy Growth Corp said it would form a joint venture with privately owned Canopy Rivers Corp and Quebec-based tomato producer Les Serres Stéphane Bertrand to grow cannabis in a tomato greenhouse.
Here’s why the marijuana market is so intriguing, how big the opportunity could be, and why these stocks are top stocks to own.
ST. JOHNS, Newfoundland and Labrador, Dec. 08, 2017 /Weed Wire/ — The Provincial Government today announced it has entered into an agreement with Canopy Growth Corporation for the supply and production of cannabis in the province.
While Canadian cannabis producers are preparing for the country’s roll out of recreational cannabis, they are also preparing for a potential shift in the market’s landscape.
While New Brunswick marijuana was slated to be supplied by two public companies, the province has added one more licensed producer to the mix.
ATHOLVILLE, New Brunswick, Nov. 20, 2017 /Weed Wire/ – A memorandum of understanding has been signed with Zenabis to supply the provincial government with cannabis for the recreational market. The move is related to preparations for the federal government’s legalization of cannabis for recreational use, expected in July 2018.
Drinkable cannabis has been on the rise since the advent of states in America with recreational marijuana legalization and now that Canada is on the brink of implementing recreational legalization, a recently announced strategic relationship has the future of Canadian cannabis beverages looking bright.
SMITHS FALLS, ON and KINGSTON, JAMAICA, Oct. 25, 2017 /Weed Wire/ – Canopy Growth Corporation (TSX: WEED) is pleased to announce that it has launched a strategic partnership in the Jamaican cannabis market as part of its ongoing international expansion.
The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, increased 6% in September on strong Canadian momentum.
On Sept. 15, 2017, the Canadian province of New Brunswick announced during a news conference that Organigram (TSXV:OGI) and Canopy Growth (TSX: WEED), both already licensed producers in Canada’s medical marijuana program, will distribute recreational marijuana to retail stores established by a newly created provincial crown corporation.
The industry and the Canopy Growth Corp. were going to be the next big thing for investors, but things have cooled down gradually over the past few months.
On Monday, May 29, 2017, Tweed Inc., a wholly owned subsidiary of Canopy Growth Corporation (TSX:WEED), was evacuated following a small morning fire at the Hershey Chocolate Factory’s former Visitor Center, which the medical marijuana company is currently renovating.
Canada’s biggest licensed marijuana producer, Canopy Growth, plans to subject its products to enhanced testing for pesticides and other contaminants, as the industry seeks to restore consumer confidence amid a tainted cannabis scare.
Aphria Inc (TSE:APH) is now the front-runner in the race to hit the billion-dollar valuation mark.
SMITH FALLS, Ontario, Feb. 17, 2017 /Weed Wire/ — Canopy Growth Corporation (TSX: WEED) (“Canopy Growth” or the “Corporation”) announced that it has renewed the engagement agreement (“agreement”) with XIB Consulting Inc. (“XIB”) that the Corporation announced on April 7, 2016 and subsequently renewed October 7, 2016.
Over the next five years, the U.S. marijuana market could be worth tens of billions of dollars, and according to GreenWave Advisors, LLC, these five states could move the needle most for marijuana companies. Learn just how big the marijuana market may be in California, Washington, Pennsylvania, Colorado, and Michigan in 2021.
Florida is undeniably behind the curve when it comes to passing pro-pot legislation, but the Sunshine State did make up some ground in November, when voters legalized medical marijuana in the state. How big could the medical marijuana market be in Florida for marijuana stocks?
SMITH FALLS, Ontario, Jan. 16, 2017 /Weed Wire/ — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: CGC) has closed the acquisition of the property at 1 Hershey Drive that currently houses Canopy Growth’s headquarters and the Tweed Inc. (Tweed) production facilities.
Pot stocks got a lift Tuesday following the issue of a task force report with recommendations on recreational pot sales.
SMITH FALLS, Ontario, Dec. 12, 2016 /Weed Wire/ — Tweed Inc. (Tweed), a wholly owned subsidiary of Canopy Growth Corporation (Canopy Growth or the Company) (TSX: CGC) has received a Dealers Licence.
SMITH FALLS, Ontario, Dec. 5, 2016 /Weed Wire/ — Canopy Growth Corporation (TSX:CGC) (“Canopy Growth” or the “Corporation”) announced today that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. and Dundee Capital Partners.
DRUMMONDVILLE, Quebec, Nov. 1, 2016 /Weed Wire/ — Canopy Growth Corporation (TSX: CGC) (“Canopy Growth” or “the Corporation”) has acquired ownership of Vert Médical, a Quebec-based ACMPR applicant.
SMITH FALLS, Ontario, Oct. 11, 2016 /Weed Wire/ — Canopy Growth Corporation (TSX: CGC) (“Canopy Growth” or the “Corporation”) announced that it has renewed the engagement agreement (“agreement”) with XIB Consulting Inc. (“XIB”) that the Corporation announced on April 7, 2016.
SMITH FALLS, Ontario, Aug. 5, 2016 /Weed Wire/ — Canopy Growth Corporation (TSX: CGC) (“Canopy Growth” or “the Corporation”) closed a $5.5 million financing with a commercial lending institution.
TORONTO, June 20, 2016 /Weed Wire/ – Bedrocan Canada Inc. (Bedrocan Canada), wholly owned subsidiary of Canopy Growth Corporation (Canopy Growth) (TSXV: CGC) has received its Health Canada license to sell cannabis oils in addition to dried cannabis products.
SMITH FALLS, Ontario, May 9, 2016 /Weed Wire/ — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX.V: CGC), parent company of licensed producers Tweed Inc. (Tweed), Tweed Farms Inc. (Tweed Farms), and Bedrocan Canada Inc., is pleased to announce a partnership with AusCann Group Holdings Ltd. (AusCann), an early leader in the nascent Australian medical cannabis industry.
NIAGARA-ON-THE-LAKE, Ontario, March 31, 2016 /Weed Wire/ — Tweed Farms Inc. is now licensed to produce, possess and ship dried marijuana at its facilities in Niagara-on-the-Lake, Ontario.
SMITH FALLS, ON, Feb. 25, 2016 /Weed Wire/ — Canopy Growth Corporation (“Canopy Growth” or “the Company”) (TSXV: CGC) today released its financial results for the third quarter of fiscal year 2016 ended December 31, 2015.
TORONTO & ONTARIO, Feb. 18, 2016 /Weed Wire/ — Bedrocan Canada Inc. (“Bedrocan Canada” or the “Company”) is pleased to announce the renewal of its license for its main production facility in the Toronto area.
SMITH FALLS, ON, Feb. 18, 2016 /Weed Wire/ — Canopy Growth Corporation (“Canopy Growth”) (TSX.V: CGC) will release its financial results for the third quarter ended December 31, 2015 on February 25, 2016.