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 Sparks European Cannabis Rally Amid Sector Revival

yesterday

CGC's European expansion strategy triggers broader cannabis stock momentum as investors reassess international opportunities beyond struggling North American markets.

Trump Orders Federal Cannabis Rescheduling: CGC Faces New Market Reality

2d ago

Presidential directive on medical marijuana rescheduling creates regulatory shift with direct implications for major cannabis operators and institutional investment flows.

Canopy Growth Leads European Cannabis Rally Amid Sector Rotation

2d ago

CGC stock drives broader cannabis equity momentum in European markets as institutional investors reassess sector fundamentals following regulatory shifts.

CGC Pivots Strategy as US Cannabis Reform Timeline Extends

3d ago

Canopy Growth adjusts operational focus while federal legalization delays create strategic uncertainty for cross-border expansion plans.

CGC Stock Tracks Broader Market as Cannabis Correlation Tightens

5d ago

Canopy Growth's price action mirrors Nasdaq moves, highlighting sector's shift toward traditional equity market dynamics amid regulatory uncertainty.

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.