04:36:21 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Canopy Growth Corp (2)
Symbol WEED
Shares Issued 108,942,861
Close 2025-01-03 C$ 4.25
Market Cap C$ 463,007,159
Recent Sedar Documents

Globe says Canopy Growth lights up ex-fireman's TFSA

2025-01-03 09:21 ET - In the News

Also In the News (C-STZ) Constellation Brands CDR (CAD Hedged)

The Globe and Mail reports in its Friday, Jan. 3, edition that Mr. Able (no first name provided), 65, retired as a captain from Toronto's fire services in 2016. The Globe's Larry MacDonald writes that in 2015, he made a significant stock investment that grew his tax-free savings account to over a million dollars. Influenced by investor Peter Lynch, Mr. Able often based his stock picks on personal consumption experiences. His investment journey began one night when he responded to a fire at a medical marijuana facility, Bedrocan. After extinguishing the fire, he spoke with the facility's key holder and discovered that Bedrocan was a unit of Canopy Growth. Mr. Able was already one of Bedrocan's customers in 2015 when the company "dropped the price of their flagship strain from $8.50 to $5 per gram." He knew Bedrocan would quickly gain a lot of new clients from this move. He loaded up on Canopy shares in his TFSA. The shares soared after April, 2017. In addition, Constellation Brands, a marketer of alcoholic beverages, announced a major investment in Canopy during 2018. Mr. Able exited Canopy while his capital remained over one million dollars. His subsequent stock picks took his TFSA down to $530,000.

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