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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining 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 range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Bullboard Posts
Post by righand99on Feb 18, 2016 9:31am
132 Views
Post# 24570029

The Globe and Mail reports in its Thursday, Feb. 18

The Globe and Mail reports in its Thursday, Feb. 18The Globe and Mail reports in its Thursday, Feb. 18, edition that each week, there seems to be a new headline declaring that piles of cash will soon flood into the economy once marijuana is legalized. The Globe's guest columnist Sam Riches writes that CIBC World Markets says Canada's federal and provincial governments could pocket $5-billion a year in tax revenues from the sale of legal marijuana. A few major players are set to cash in, most notably Canopy Growth. The $5-billion figure, a blip in a near $2-trillion economy, comes with a few caveats. It does not account for the enormous task of building the necessary framework to support legalization. Most glaringly, we still need to implement an effective roadside test for marijuana impairment. The CIBC's findings are also dependent on the elimination of the illicit market, which is unlikely to happen. CIBC economist Avery Shenfeld, the economist who crunched the numbers, referred to the amount as "no barnburner." The day legalization arrives will mark the beginning of a new approach, well past due. There will be benefits to be had, but a substantial economic boon, unfortunately, is not one them.
Bullboard Posts