Canopy Growth Corp. will spend as much as $150 million to build its first production facility in the U.S. after the Canadian cannabis company was granted a hemp license by New York state. The U.S. farm bill legalized hemp and hemp-derived cannabidiol last month, creating a rush among Canadian pot firms that were previously unable […]
Bruce Linton
Canopy Rivers Announces $80 Million Bank Debt Facility at PharmHouse
PRESS RELEASE TORONTO, Jan. 07, 2019 (GLOBE NEWSWIRE) — Canopy Rivers Inc. (“Canopy Rivers” or the “Company”) (TSXV: RIV) today announced that its 49%-owned joint venture PharmHouse Inc. (“PharmHouse”) has entered into a syndicated credit facility (the “Credit Facility”) with the Bank of Montreal (“BMO”), as agent and lead lender, and with Canadian Imperial Bank […]
Canopy Growth CEO says ‘For sure there’s a marijuana bubble’
Canopy Growth Corporation saw its shares fall 13% on Wednesday after reporting disappointing earnings that included a revenue decline. Analysts had expected better results from Canopy after Canada launched legal recreational marijuana sales on Oct. 17. But Canopy’s (CGC) shares are still up 30% this year. And its cannabis industry peer Tilray is up 360% this year. […]
Pot stocks rally after Canopy Growth buys US hemp researcher to help it grow marijuana better
Marijuana stocks rally after one of Canada’s biggest cannabis companies announces it has agreed to acquire a U.S.-based hemp company. Marijuana stocks rallied Monday after one of the largest Canadian cannabis companies announced that it has agreed to acquire a U.S.-based hemp company. Canopy Growth told investors its purchase of Evergreen, Colorado-based ebbu will “complement […]
With an ever Growing Footprint and War Chest, How Will Bruce Linton Lead Canopy Growth Corporation into the Future?
About a month ago, the news of the day was equivalent to an 8 plus earthquake on the seismic scale measuring the progress of the Cannabis Industry worldwide when Constellation Brands invested roughly $5 Billion ($4B USD), yes, with a capital B, Canadian to up its stake to 38% of Canopy Growth Corporation (NYSE: CGC), […]
OOOO…(what a week it was) CANADA, “our home and native land. True patriot love in all of us command”
What started out as just another one of those long conference weeks morphed into the “Brave New World of Cannabis” with the Tuesday morning announcement of Constellation Brands $5 Billion Canadian dollar (yes with a B not an M) investment in Canopy Growth. Some would argue it was the most significant financial news ever for […]
Constellation Brands to invest $5-billion to boost stake in Canopy Growth
Constellation Brands has signed a deal to invest $5-billion in Canopy Growth Corp. to increase its stake in the marijuana company to 38 per cent and make it its exclusive global cannabis partner. Under the agreement, Constellation, a global producer of beer, wine and spirits, will acquire 104.5 million Canopy shares at a price of […]
Pot Candies, Vaping Snuffed Out for Now in Canadian Legalization
Missing segment means continued life for black market, Rules for edibles and other products not due until 2019 A key segment of Canada’s marijuana industry will remain banned for up to a year after the drug becomes legal for recreational use — making it harder for Justin Trudeau to kill off the black market. Edibles, beverages, […]
Canada’s medical pot companies aim to grow export business
Canada’s licensed medical cannabis producers are searching for opportunities to expand overseas while Ottawa works on its plan to legalize recreational marijuana next spring, with two producers recently securing licences to sell their products in Europe. The latest company to announce plans to export marijuana is Canopy Growth Corp., the largest of the country’s two […]
