Canopy Growth
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
| Company type | Medical marijuana and, in Canada, recreational marijuana |
|---|---|
Traded as | TSX: WEED Nasdaq: CGC |
| ISIN | CA1380351009 |
| Industry | Cannabis |
| Predecessor | Tweed Marijuana Inc. Bedrocan Canada Inc. |
| Founded | 2013 |
| Founders | Bruce Linton, Mark Zekulin, Chuck Rifici |
| Headquarters | Smiths Falls, Ontario , |
Area served | Worldwide |
| Products | Medical cannabis, recreational cannabis |
| Revenue | Can$520.33 million (2022) |
Net income | Can$ -302.18 million (2022) |
| Total assets | Can$5.64 billion (2022) |
| Total equity | Can$3.63 billion (2022) |
Number of employees | 2,000+ |
| Website | www www www |
In April 2019, Canopy was the world's largest cannabis company, based on the value of all shares, or market capitalization. At that time, Constellation Brands Inc. controlled over 35% percent of the company which had approximately 3,200 employees. The year 2019 created new challenges for the company however, with its stock price dropping by about 32%. In the next two years (to the end of 2021) its shares dropped an additional 55%. In September 2022, the company announced divestiture of its Canadian retail operations, selling its 28 retails stores across the country to other cannabis companies.
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