Canopy Growth

Smiths Falls, CanadaFounded 2013

Producer & Grower NASDAQ: CGC www.canopygrowth.com

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About Canopy Growth

Canopy Growth is one of Canada's most recognized cannabis companies, historically the largest by market capitalization. Based in the former Hershey chocolate factory in Smiths Falls, Ontario, the company pioneered the Canadian recreational market and attracted a landmark investment from Constellation Brands.

Key Facts

1Received a historic CAD $5 billion investment from Constellation Brands in 2018
2Operates out of the former Hershey chocolate factory in Smiths Falls, Ontario
3Was the first cannabis company to be listed on the New York Stock Exchange
4Holds a pathway to acquire Acreage Holdings for US market entry upon federal legalization

Latest News

Canopy Growth Surges 30% as Cannabis Stocks Regain Momentum

yesterday

CGC's recent rally reflects broader sector recovery as investors reassess cannabis fundamentals amid evolving regulatory landscape and operational improvements.

Canopy Growth Rally Faces Skepticism Amid Structural Headwinds

4d ago

CGC shares surge but analysts question sustainability given ongoing losses and competitive pressures in cannabis sector

Canopy Growth's 25% Rally Masks Deeper Fundamental Concerns

4d ago

CGC surges 25% in four weeks, but technical bounce fails to address core profitability challenges and shrinking market position in competitive landscape.

Cannabis Stocks Rally as DEA Moves Marijuana to Schedule III

4d ago

AKAN surges alongside TLRY and CGC as federal rescheduling triggers sector-wide momentum with June 2026 hearing set to finalize broader cannabis reclassification.

CGC Surges on Federal Cannabis Rescheduling Progress

5d ago

Canopy Growth shares rally as DEA advances marijuana rescheduling process, potentially unlocking major tax benefits for US cannabis operators.

View all CGC news

Frequently Asked Questions

What is the Constellation Brands deal?

In 2018, Constellation Brands, the maker of Corona beer, invested approximately CAD $5 billion for a 38% stake in Canopy Growth, marking the largest investment by an alcohol company into cannabis.

What happened to Canopy Growth's market cap?

Canopy Growth's market cap peaked near CAD $20 billion during the 2021 cannabis boom but has since declined significantly as the company restructured and focused on profitability.