03:02:51 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Canopy Growth Corp
Symbol WEED
Shares Issued 480,252,794
Close 2022-10-25 C$ 3.96
Market Cap C$ 1,901,801,064
Recent Sedar Documents

FP/CP say Canopy making plans south of the border

2022-10-26 09:36 ET - In the News

Also In the News (C-TER) Terrascend Corp

The Financial Post reports in its Wednesday, Oct. 26, edition that Canopy Growth is making plans for legalization south of the border by establishing Canopy USA LLC to help it exercise its rights to acquire interests in U.S. cannabis companies Acreage, Wanna and Jetty. A Canadian Press dispatch to the Post reports that Canopy announced on Tuesday it will expedite its plans for the U.S. market with the creation of a new U.S.-domiciled company meant to hold its cannabis investments south of the border. Canopy has signed deals to take an interest in Acreage, Wanna and Jetty should the U.S. move toward national legalization. In addition, Canopy USA will control a conditional ownership position in U.S. cannabis company TerrAscend. CP says Canopy's chief executive officer David Klein positioned the announcements as a way to help investors and brands realize value in the near term while positioning the company for profitable growth and a fast start upon U.S. federal permissibility. Mr. Klein said on a call with analysts, "This is a transformative step in our journey to become a leading premium branded cannabis company in North America and shape the future of our industry."

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