Another Masterstroke for Canopy Growth Corp (OTCMKTS:TWMJF)

Canopy Growth Corp (OTCMKTS:TWMJF) has clearly emerged in 2017 as perhaps the largest overall cannabis producer in the world. But, as is often the case in emerging market segments, the rich get richer: the company just announced plans to establish a 40,000 m2 production facility in Odense, Denmark as part of a joint venture company, Spectrum Cannabis Denmark ApS, representing an alliance with Danish Cannabis ApS, a leading European hemp producer. Continue reading “Another Masterstroke for Canopy Growth Corp (OTCMKTS:TWMJF)”

Canopy Growth Corp (OTCMKTS:TWMJF) Locked in a Strong Upward Trend

Canopy Growth Corp (OTCMKTS:TWMJF) has been consolidating in a lateral range but remains locked in a strong upward trend, powered by a fortress balance sheet, strong growth, and a major sector tailwind. Canopy just announced that it has entered into a supply and production agreement -which it notes is “the largest provincial cannabis supply agreement announced to date” – securing a regulated supply of cannabis for Newfoundlanders and Labradorians heading into the legal adult access market. Continue reading “Canopy Growth Corp (OTCMKTS:TWMJF) Locked in a Strong Upward Trend”

Weed on Wall Street?

Analysts at the New York-based company have assembled a trove of data on the burgeoning field of semi-legal marijuana. And on Thursday Cowen will host its first investor conference devoted to the controversial topic. Continue reading “Weed on Wall Street?”

Canada’s biggest cannabis company makes $321M acquisition to boost production

Canopy Growth Corp., the largest company in Canada’s rapidly developing marijuana industry, agreed to buy competitor Mettrum Health Corp. for about C$430 million ($321 million) to expand production as the government moves toward legalization. Continue reading “Canada’s biggest cannabis company makes $321M acquisition to boost production”

Marijuana tops $1 billion in Canada; never mind that it’s still illegal

MONTREAL – It’s been a wild ride for Canada’s marijuana companies, whose stocks enjoyed an exhilarating high in recent days before mellowing out. Continue reading “Marijuana tops $1 billion in Canada; never mind that it’s still illegal”