Canopy Growth Archives - Page 3 of 3

Canopy Growth CEO Bruce Linton applauds after handing Ian Power and Nikki Rose, who were first in line to purchase the first legal recreational marijuana after midnight, their purchases at a Tweed retail store in St John’s, N.L. on Oct. 17, 2018. (Photo: Reuters/Chris Wattie)

Sober start as recreational marijuana becomes legal in Canada

By Julie Gordon, Nichola Saminather October 18, 2018

Toronto/Vancouver | Reuters — Canada became the first industrialized nation to legalize recreational cannabis on Wednesday, but a lawful buzz will be hard to come by in its biggest cities like Toronto and Vancouver, where stores are not yet open. The day was historic for the country as Canadian adults can now legally smoke recreational […] Read more

Crops, Markets, Reuters

Big Weed hits up Europe hoping for expansion cash

By Nichola Saminather, Simon Jessop September 17, 2018

Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray Inc. have been signing export […] Read more

A worker pushes a cart of marijuana plants at the Canopy Growth facility at Smiths Falls, Ont. on Jan. 4. (File photo: Reuters/Chris Wattie)

Crops, Reuters

Corona owner pours more funds into weed producer

By Uday Sampath Kumar August 17, 2018

Reuters — Corona beer maker Constellation Brands will invest a further $5 billion in Canada’s top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry in legal pot. Constellation was among the first major alcohol producers to invest in marijuana production when it pumped about $245 […] Read more

Crops, Reuters

Canopy Growth to buy Tokyo Smoke owner Hiku Brands

By Reuters July 10, 2018

Reuters — Ontario’s Canopy Growth Corp. is buying Toyko Smoke cannabis owner Hiku Brands Co. Ltd. for $269.2 million, the latest deal in a fast-consolidating sector ahead of legal recreational marijuana sales. Smiths Falls-based Canopy Growth on Tuesday offered 0.046 of its shares, or $1.91 per share, for each Hiku share held, a premium of […] Read more

Crops, Markets, Reuters

Constellation hedges bets on pot boom with Canopy stake

By Gayathree Ganesan, siddharth-cavale October 30, 2017

Reuters — Constellation Brands has bought a nearly 10 per cent stake in Canadian cannabis producer Canopy Growth Corp. for about $245 million, making it the first major wine, beer and spirits producer to invest in legal cannabis. The move by the maker of Corona beer and Svedka vodka comes as Canada and a growing […] Read more

A hemp plant in Alberta. (Jennifer Blair photo)

Crops

Flower growers turn to weed ahead of legalization

By Rod Nickel December 1, 2016

Winnipeg | Reuters — Some Canadian flower growers are turning to weed, with the country’s plan to legalize marijuana for recreational use expected to spur a spike in legal sales of the drug. While medical marijuana is already legal in Canada, the Liberal government said in April it will introduce a law in 2017 to […] Read more

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Tag Archives Canopy Growth

Sober start as recreational marijuana becomes legal in Canada

Big Weed hits up Europe hoping for expansion cash

Corona owner pours more funds into weed producer

Canopy Growth to buy Tokyo Smoke owner Hiku Brands

Constellation hedges bets on pot boom with Canopy stake

Flower growers turn to weed ahead of legalization

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