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Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)

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

Canopy Growth Corp

Bullboard Posts

Post by Packersoneon Aug 26, 2018 12:46am

318 Views

Post# 28518229

Huge institutional increase

https://whalewisdomalpha.com/canopy-growths-13f-holdings-surged-in-the-2nd-quarter-was-this-a-watershed-moment-for-the-legal-cannabis-sector/

Canopy Growth’s 13F holdings surged in the 2nd quarter. Was this a watershed moment for the legal Cannabis sector?

August 23, 2018 Mark13F Filings, Cannabis

Marijuana stocks may finally be getting some respect from professional investors.

Funds holding stock in Ontario-based marijuana producer Canopy Growth (NYSE:CGC) increased their holdings massively in the 2nd quarter. In Q1 2018, CGC comprised a total of 1.69% of all 13F portfolios holding the stock. In the 2nd quarter that number jumped to 31.30%.

A close look reveals that Greenstar Canada Investment LP accounted for much of the jump in CGC’s fund ownership. Greenstar Canada is an affiliate of Constellation Brands, the brewer of Corona beer and distributor of Robert Mondavi wine. Constellation announced on August 14 that is will raise its stake in Canopy to 38 percent in what the companies described was the biggest investment in the marijuana industry yet. The agreement, which could eventually give the Victor, New York-based beverage company control, follows an initial purchase of about a 10 percent stake last year. Canopy shares currently trade at $40 vs $24.60 pre-announcement.

Vanguard Group, JW Asset Management, Morgan Stanley, Two Sigma Investments and the Bank of Montreal were among additional funds significantly increasing their CGC stakes in the 2nd quarter.

Top % of Portfolio – Biggest % Increases – 2nd quarter 2018

			Summed 13F Percent of Portfolios
Stock	Symbol	Industry/Sector	Current Quarter	Prior Quarter	% Change	# of 13F Filers
Canopy Growth Corporation	CGC	HEALTH CARE/PHARMACEUTICALS	31.30%	1.69%	1753.84%	147