The company with the most money wins. This is often the case in business, but in the growing marijuana industry where savvy startups have led the way over the years, the environment has been quite different. That could be changing soon if highly capitalized alcohol companies continue eyeing the cannabis industry. The Effect of Medical […]
Canopy Growth Corp.
Much has been made of the marijuana M&A spree afoot in Canada. Just this year alone, licensed producer Aurora Cannabis Inc. agreed to acquire CanniMed Therapeutics Inc for $852 million, which would create the largest cannabis company in the world. Bank of Montreal got into the weed game with a $175 million deal with Canopy […]
Find your buds? The U.S. marketer of Corona, the Mexican beer known for its “Find Your Beach” tagline, is dipping its toe into the marijuana business. Constellation Brands, which also markets wine and spirits brands, has taken a 9.9% stake in a Canadian marijuana company called Canopy Growth Corp., the Wall Street Journal reported Sunday. A Constellation […]
Most of the recent international cannabis regulatory news is about either Canada or Mexico, with some attention to Germany, which legalized medical marijuana in March. Mexico President Enrique Nieto signed a decree in late June to legalize medical marijuana; Canada’s Prime Minister Justin Trudeau recently signed a bill legalizing recreational marijuana beginning July, 2018. Not […]
Insiders at two of Canada’s largest marijuana companies are cashing in on the industry’s reefer madness before the country introduces its plans for legalized recreational pot. Since March 1, five directors, officers and board members with Canopy Growth Corp. sold 3.2 million shares worth at least C$7.5 million ($5.7 million), including Chief Executive Officer Bruce […]
Seemingly nothing can stop the marijuana industry, or marijuana stocks, at the moment. Over the past couple of years, we’ve witnessed a number of major milestones for the cannabis industry. For example, in 2012, Colorado and Washington became the first states where a majority of voters legalized the sale of recreational marijuana to adults ages […]
Medical marijuana producer Canopy Growth Corp. has become the first Canadian company in the sector valued at more than $1 billion after strong quarterly results sent the stock on a tear. The company was trading hands at $11.16 per share when stock markets closed in Toronto on Monday. That values the company at almost $1.3 […]