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 Acquisition Sparks Investor Debate on Strategic Direction

5d ago

CGC's latest acquisition raises questions about capital allocation and growth strategy as cannabis giant continues M&A push amid challenging market conditions.

CGC's Latest Deal Sparks Investor Skepticism Over Strategic Direction

5d ago

Canopy Growth's new acquisition raises questions about capital allocation as the cannabis giant continues restructuring amid market headwinds.

CGC Acquisition Sparks Debate Over Strategic Direction

5d ago

Canopy Growth's latest deal raises questions about execution amid ongoing profitability challenges and competitive pressures in cannabis sector.

CGC's Latest Acquisition Signals More Strategic Drift Ahead

5d ago

Canopy Growth's newest deal reflects the company's continued pattern of unfocused capital allocation as investors seek clearer path to profitability.

CGC vs Aurora: TSX Cannabis Giants Face Critical Valuation Test

6d ago

Two of Canada's largest cannabis operators present contrasting investment cases as market consolidation accelerates and profitability pressures mount.

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.