#1 company leading the green revolution .
#1 Canopy Growth Corp. (NYSE: CGC) (TSX: WEED)
A real titan in the field, Canopy is the biggest grower in Canada and the single largest marijuana stock in terms of market cap.
For the first few months of 2018, Canopy's stock was up and down. But since May it's taken off, as the company's position improves, and it builds momentum for 2019, when marijuana demand in Canada is expected to be much higher due to this year's legalization. To date Canopy is up 25% from last year.
Canopy has a few notches on its belt. It's the only marijuana stock to be listed on the New York Stock Exchange. It's got the most square footage of any grower, and its acquisitions throughout Canada ensure that it'll maintain that dominance going forward.
Beyond its own product, Canopy has deals with other suppliers: a two-year deal with Sunniva allows Canopy to purchase 90,000 kgs.
Plus, it's looking to break into the recreational market. It's working with beverage maker Constellation Brands to develop cannabis-infused drinks. Constellation clearly believes that Canopy can deliver; the company bought a 9.9% stake in Canopy last year. Right now Canopy is a no-brainer for anyone looking to get in on the marijuana boom
Read more at https://www.stockhouse.com/news/press-releases/2018/07/24/five-companies-to-watch-as-marijuana-goes-global#V3JWdwDVAFkqv77I.99