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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

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Post by tired8on Apr 11, 2018 1:37pm
124 Views
Post# 27867777

Positive step forward

Positive step forward

Former House Speaker John Boehner joins marijuana company: 'My thinking on cannabis has evolved'


House Speaker John Boehner (R-OH) speaks to the media during a news conference at the U.S. Capitol, November 6, 2014 in Washington, DC.
Getty Images
House Speaker John Boehner (R-OH) speaks to the media during a news conference at the U.S. Capitol, November 6, 2014 in Washington, DC.

Former Republican House Speaker John Boehner will join the board of directors of a marijuana holdings corporation, saying his views on the substance have "evolved."

Acreage Holdings, which describes itself as "one of the nation's largest, multi-state actively-managed cannabis corporations," announced Wednesday that the former U.S. representative from Ohio has joined its board of advisors, and will join the board of directors once it is formed.

Former Massachusetts Gov. Bill Weld, a Republican who ran on the Libertarian Party ticket alongside former New Mexico Gov. Gary Johnson in the 2016 presidential election, is also joining the board.

Boehner was the top Republican in Congress from 2011 through 2015. He was succeeded by Paul Ryan, R-Wis., who announced Wednesday that he will not seek re-election at the end of his current term.

The former congressman has been a vocal critic of President Donald Trump's administration, as well as many of his former colleagues in the House, since his retirement. As Boehner marks his self-described evolution on marijuana, which is used both as a recreational and medical drug, Attorney General Jeff Sessions has taken steps to pursue enforcement against marijuana more aggressively than the Obama administration.

In a joint statement, Boehner and Weld argued against marijuana's continued federal status as a "schedule 1" drug — meaning the U.S. government views marijuana as a substance with the highest potential for abuse, alongside heroin and cocaine.

The "negative implications" of the schedule 1 label include "the lack of research, the ambiguity around financial services and the refusal of the VA to offer it as an alternative to the harmful opioids that are ravishing our communities," the former politicians said in the statement.

In a tweet, Boehner said he joined the board because his "thinking on cannabis has evolved."

Acreage Holdings' CEO, Kevin Murphy, said Boehner and Weld "have shaped the political course of our country for decades and now they will help shape the course of this nascent but ascendant industry."

While Boehner once took a hard-line position against legalizing marijuana, he has maintained an infamous two-pack-a-day tobacco smoking habit for years.

A spokesman for Boehner did not immediately respond to CNBC's request for comment.

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