Just the Facts .....
Canopy Growth Corp.
Toronto Stock Exchange:
WEED
New York Stock Exchange:
CGC
Legal Cannabis
Country:
Canada
Employees:
546 at 03/31/17
Established:
2012
CEO:
Bruce Linton
Number of Patients:
~63K
Headquarters:
Smith Falls, ON
Financials (12/31/17)
Cash on hand:
$237.8mm
Fixed Investment:
$154.0mm
Shareholders’ Equity:
$1.02 billion
Revenues – Last Quarter:
$21.7mm
Adj. Gross Margin:
57.8%
EPS:
0.01
Capital Structure (02/13/18)
Last Financing:
5.8mm shares w/warrants at $34.60
Basic Shares:
196.4mm
Warrants:
18.9mm
Options:
14.4mm
Diluted Shares:
229.7mm
Company Brief
Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time.
Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House Seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates eight cannabis production sites with over 2.4 million square feet of production capacity, including over 500,000 square feet of GMP-certified production space.
The Company has operations in seven countries across four continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth.
Differentiators
Leading publicly-traded producer in terms of revenue, grams shipped and registered medical patients
Multiple production facilities in provinces including Alberta, British Columbia, Saskatchewan, Ontario, Qubec, New Brunswick, and Newfoundland
Indoor and greenhouse growing, multiple brands, and 45 quality strains of cannabis targeting medical (Bedrocan, Mettrum and Tweed), Health & Wellness (Mettrum) and recreational (Tweed) markets
First publicly-traded LP (April 2014) and first to attain listing on the Toronto Stock Exchange (August 2016).
Strategic partnerships with Snoop Dogg and DNA Genetics to develop proprietary brands and new strains
International alliances in multiple countries, including Australia, Brazil, Chile, Germany, Spain, and Denmark
Brick-and-mortar presence with Tweed Main Street, helping educate prospective patients, connect them with physicians and streamline registration
Canopy Rivers, a cannabis investment and operating platform
Canopy Health Innovations, a biopharmaceutical sister company focused on cannabis-based products
Institutional Analyst Coverage
VAHAN AJAMIAN
Beacon Securities Ltd.
DANIEL PEARLSTEIN
Eight Capital Markets
NEIL MARUOKA
Canaccord Genuity
Tamy Chen, CFA and Peter Sklar, CPA, CA
BMO Capital Markets
MARTIN LANDRY
GMP Securities
KEITH CARPENTER
Altacorp Capital
JESSE PYTALK
Cormak Securities
JASON ZANDBERG
PI Financial
VIVIEN AZER
Cowen and Company
RUSSELL STANLEY
Echelon Wealth Partners