Canopy Growth

Smiths Falls, CanadaFounded 2013

Producer & Grower NASDAQ: CGC www.canopygrowth.com

Share:X / Twitter LinkedIn Suggest a correction

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 Closes MTL Cannabis Buyout in Consolidation Play

2d ago

CGC finalizes acquisition of Quebec-focused MTL Cannabis as industry consolidation accelerates amid margin pressures and market maturation.

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.