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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Healthcare Cannabis
Canopy Growth Corporation is a cannabis and consumer packaged goods (CPG) company. The Company delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space. Its CPG portfolio includes gourmet wellness products by Martha Stewart CBD, and vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution, and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a diverse range of cannabis, hemp, and cannabis products in Canada. Its Rest-of-world cannabis segment includes the production, distribution, and sale of a diverse range of cannabis and hemp products internationally. Its Storz & Bickel segment includes the production, distribution, and sale of vaporizers.


TSX:WEED - Post by User

Canopy Growth Corp
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Post by quinlashon Sep 06, 2023 4:32pm
159 Views
Post# 35622685

Sept 6 Article - Why Canopy Growth is Rising Again

Sept 6 Article - Why Canopy Growth is Rising AgainWhy Canopy Growth Stock (CGC) Is Rising Again
Benzinga
 Sep. 6, 2023, 10:11 AM

Canopy Growth Corp (NASDAQ:CGC) shares are trading higher by 7.6% to $0.74 Wednesday morning, driven by the recent, strong performance of the cannabis sector.
 
Cannabis stocks have risen over the past week on news that the Department of Health and Human Services (HHS) proposed reclassifying marijuana to a lower-risk drug category.
 
EXCLUSIVE: Cannabis Tipping Point, Verano CEO Weighs In On HHS Rescheduling Proposal
 
According to a letter dated August 29 seen by Bloomberg News, a high-ranking official from the Department of Health and Human Services has written to DEA Administrator Anne Milgram, urging the reclassification of marijuana from Schedule I to Schedule III under the Controlled Substances Act.
 
This shift reflects a significant change, as Schedule I substances include highly abused drugs like heroin.

 

Link to Article
https://markets.businessinsider.com/news/stocks/why-canopy-growth-stock-cgc-is-rising-again-1032609779
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