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 Faces Critical Juncture as Turnaround Efforts Stall

4d ago

CGC stock trades near multi-year lows as restructuring costs mount and revenue growth remains elusive in core markets.

CGC Stock Faces Critical Inflection Point as Cannabis Sector Diverges

5d ago

Canopy Growth trades at extreme valuation discount while institutional investors weigh three distinct scenarios for the embattled cannabis giant's recovery prospects.

Canopy Growth Stock Faces Critical Crossroads as Losses Mount

5d ago

CGC trades at multi-year lows as investors weigh restructuring progress against continued cash burn and uncertain US market timeline.

Canopy Growth Faces Critical Crossroads as Cannabis Giant Weighs Options

5d ago

CGC stock remains highly volatile as investors debate three potential paths forward for the struggling cannabis leader over the next year.

Canopy Growth Faces Critical Crossroads as Turnaround Strategy Takes Hold

5d ago

CGC shows stabilization signals after years of losses, but three distinct scenarios could define its trajectory over the next year.

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.