|Bid||59.65 x 0|
|Ask||59.63 x 0|
|Day's Range||59.14 - 63.85|
|52 Week Range||27.00 - 76.68|
|Beta (3Y Monthly)||4.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Proposed Deal Complements Canopy Growth's U.S. CBD Strategy With An Accelerated Pathway Into U.S. Cannabis Markets, Once Federally Permissible Deal Structure Expected to Provide Improved Access to Capital ...
FRANKFURT, Germany, April 18, 2019 -- Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.U) (OTC:ACRGF) (FSE:0VZ) and Canopy Growth Corporation (“Canopy Growth”) (TSX:WEED).
Constellation Brands, Inc. (NYSE:STZ and STZ.B), a leading beverage alcohol company, today announced that it plans to enter into an agreement with Canopy Growth Corporation (“Canopy”) (TSX: WEED, NYSE: CGC), a leading diversified cannabis company, to modify certain warrants and other rights. These changes are the result of Canopy’s intentions to acquire Acreage Holdings, Inc. (“Acreage”) upon U.S. Federal cannabis legalization. Earlier today, Canopy announced (see Canopy press release “Canopy Growth Announces Option to Acquire Leading U.S. Multi-state Cannabis Operator, Acreage Holdings”) it has entered into an agreement with Acreage, a U.S. multi-state cannabis operator, where Canopy plans to acquire the shares of Acreage upon U.S. Federal cannabis legalization (the “Triggering Event”), subject to certain conditions. This transaction, as well as proposed modifications to certain Constellation warrants, are subject to approval by Canopy shareholders.
HOUSTON, TX / ACCESSWIRE / April 16, 2019 / Patent applications from cannabis companies offer a look into the battle to secure intellectual properties in the U.S. The patent application can be used as a basis for obtaining patent protection in over 170 countries, including the US, Canada, the UK, France, Germany, Russia, China, Brazil, Japan, and Australia.
SMITHS FALLS, Ontario and ALICANTE, Spain, April 16, 2019 /PRNewswire/ -- Canopy Growth Corporation ("Canopy Growth" or the "Company") (WEED.TO) (CGC) is pleased to announce that it has completed an all-cash acquisition of Spain-based licensed cannabis producer Cáñamo y Fibras Naturales, S.L. ("Cafina"). The acquisition lays the foundation for Canopy Growth to expand its European production footprint into one of the most ideal growing regions in the world, complementing the Company's existing 430,000 square foot licensed production site in Odense, Denmark, as well as its world-class ISO 13485 internationally certified Storz and Bickel facility in Tütlingen, Germany. Cafina is one of three companies in Spain authorized to cultivate, distribute and export cannabis containing more than 0.2% of tetrahydrocannabinol (THC) for medicinal and research purposes, and does so today in a 1,600 sq. ft. greenhouse.
SMITHS FALLS, ON , April 12, 2019 /CNW/ - Canopy Growth Corporation (WEED.TO) (CGC) ("Canopy Growth" or "the Company") today announced that the Company is to join the S&P/TSX 60 Index, achieving another public market "first" for the cannabis industry. The addition of the Company to the S&P/TSX 60 Index will be effective prior to the commencement of trading on April 18, 2019 . Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms.
TORONTO and SMITHS FALLS, ON , April 12, 2019 /CNW/ - Spectrum Cannabis, a wholly-owned subsidiary of Canopy Growth Corporation (WEED.TO) (CGC) ("Canopy Growth") is pleased to announce a partnership with and endorsement from CARP, Canada's largest and most trusted advocacy association for aging Canadians and its print, online, radio and TV voice, ZoomerMedia. Spectrum Cannabis will be offering tailored educational initiatives for over 320,000 CARP members seeking more information on medical cannabis, along with preferred pricing for Spectrum Cannabis branded products which have received the " CARP Recommended" seal.
The cannabis industry is evolving rapidly, and we've seen some big moves happening lately that are going to have a significant impact on the retail environment both locally and internationally. New Age Beverages is one of the first-movers in the segment, and on Monday it made huge progress when it announced a deal with Walmart Inc (WMT). It's a big move for New Age as it puts its energy drinks in a big national retailer that will help The Company gain exposure.
Investorideas.com, a leading investor news resource covering cannabis stocks, releases a snapshot looking at the many cannabis companies looking into the CBD beauty and wellness sector and why this sector is gaining such momentum. According to one report from the GlobalWellnessInstitute, “a wellness mindset is starting to permeate the global consumer consciousness, affecting people’s daily decision-making – whether food purchases, a focus on mental wellness and reducing stress, incorporating movement into daily life, environmental consciousness, or their yearning for connection and happiness,” noted Katherine Johnston, senior research fellow, GWI. This change in mindset combined with growing interest from large retailers, most recently CVS and Walgreens, is making many companies invest in beauty and wellness.
Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at how, as the cannabis sector matures there is a parallel shift towards brand recognition through acquisitions, marketing partnerships with other well-known brands, or celebrities endorsements to gain market dominance. Cannabis One Holdings Inc. (CSE:CBIS), an emerging, premier "House of Brands" in North America, is also focusing on brand partnerships, having just announced that it has executed a definitive asset purchase agreement to acquire certain assets of Washington-based Honu Enterprises Inc., an award-winning cannabis-infused products brand. The wide variety of Honu-branded products have been consistent favourites among consumers and are top performers in cannabis industry competitions – Honu was declared Best Edibles Company at the 2016 Dope Industry Awards and won the category of Best Sweet Edible in Washington State for its "Coconut Snowball" edible at the 2016 Dope Cup.
Cannabis e-commerce platforms, both medical and recreational, are becoming increasingly important as Canada's legal marijuana market matures. To get a better understanding of how Canada's online marijuana market is developing, we take a closer look at some of Canada’s most promising medical and recreational cannabis e-commerce platforms.
Cannabis retail has rapidly emerged as one of the most important components of the marijuana value chain. Not only do retail gatekeepers control one of the most intimate parts of the cannabis purchasing experience, but they do so at a premium — making cannabis retail a likely determinant of any marijuana company’s staying power. In this article, we explore some of the leading cannabis retail brands in Canada.
Forecasted to be worth a potential $22 billion by 2022 according to the Brightfield Group, the global hemp CBD market presents one of the most exciting growth opportunities of the 2000s. Although much of this market’s growth is expected to come from the United States—a country in which marijuana is still federally illegal—companies across North America remain undeterred in their mission to establish a footprint in the U.S. hemp-infused beverage market. Not only did the company expand its distribution into 30 more Whole Foods stores (resulting in a total of 107 across the United States), but it formed an agreement with Jetro Cash and Carry—one of the United States’ leading wholesale food and beverage suppliers.
VANCOUVER , March 27, 2019 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (WEED.TO) (CGC) is pleased to welcome Houseplant, a new brand of Canadian cannabis, to the Canopy Growth family today. Canopy Growth has witnessed how carefully Houseplant has chosen each component of their offering to deliver the highest quality product to Canadians.
VANCOUVER , March 27, 2019 /CNW/ - Today marks the official launch of Houseplant, a new brand of recreational Canadian cannabis founded by Seth Rogen and Evan Goldberg in collaboration with Canopy Growth (TSX:WEED, NYSE:CGC), a global cannabis and hemp company. Houseplant is the result of years of experience and dedication, with each element and expression thoughtfully designed to make it easier for people to learn to love cannabis as much as Houseplant does. "We are so proud to be launching in Canada , our home," said Evan Goldberg , Co-Founder of Houseplant.