canopy growth News

In its latest quarterly results, Canopy Growth posted a $1.2 billion loss and lower than expected sales, citing the risk of “oversupply of certain oil and gel-cap formats in certain markets.”

Canopy, which was sitting on a pile of cash after a high-profile investment last year from alcohol giant Constellation Brands Inc., has agreed to buy the New York-based Acreage Holdings Inc. for $3.4 billion contingent on marijuana being legalized in U.S.

Ontario-based Canopy Growth announced on Thursday, March 21 it has acquired AgriNextUSA, a hemp enterprise led by CEO Geoff Whaling. Mr. Whaling will join Canopy Growth USA as a strategic adviser.

Health Canada is looking into whether two cannabis companies’ sponsorship of a children’s charity event last October is in violation of promotion restrictions within the Cannabis Act.

Lifestyle guru Martha Stewart is joining Canadian marijuana producer Canopy Growth as an adviser to help develop and launch a line of pot-based products for humans and animals, it said on Thursday.

London - Canopy Growth Corp.’s multi-year agreement with convenience-store operator Alimentation Couche-Tard Inc. may turn out to be the most significant deal yet after investing $4.0 billion in Constellation Brands.

Canopy Growth-backed cannabis consumer product company Slang Worldwide Inc. began trading on the Canadian Securities Exchange on Tuesday with an implied market value of around C$500 million.

Canopy Growth Corporation announced on Monday the expansion of their global reach into the United Kingdom and Poland through its medically-focused business, Spectrum Cannabis.

Canopy Growth announced Monday that it has received a license from New York state to process hemp, a source of the popular ingredient cannabidiol.

Ontario - The elderly suffer from a range of ailments - from arthritis pain to sleep disorders, while many also take medications for other illnesses. The use of medicinal cannabis in the elderly is now getting some attention through two new studies in Canada.

Shares of two of Canada's top cannabis producers, Canopy Growth and Tilray, took a hit in early market trading on Wednesday after posting quarterly net losses.

A deal that could see U.S.-based alcohol giant Constellation Brands Inc. take a majority ownership stake in Canada's leading cannabis producer Canopy Growth Corp., will be reviewed by the federal government.

Corona beer maker Constellation Brands will invest a further $4 billion in Canada’s top cannabis producer Canopy Growth, giving the beer maker a 38 percent share in the cannabis company.

St. John's - On Monday, Canopy Growth VP Jeff Ryan and provincial Industry Minister Chris Mitchelmore put shovels in the ground at the site of the company's future production facility in the White Hills area of St. John's, Newfoundland and Labrador.