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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
Comment by investor1964on Mar 21, 2019 9:36pm
80 Views
Post# 29520789

RE:RE:RE:RE:I was excited about today's NR, then I read it

RE:RE:RE:RE:I was excited about today's NR, then I read itDionsays: Yep, that's huge to me. I think this may be a hint of what's to come...

dionsays wrote: Here is an earlier clip that I posted:
Canopy is laying the basis for legalization. And legalization nationwide is far away still,
by way the US is not the centre of the Universe when it comes to MJ, Europe is.

Link

AgriNextusa also said today that it will have exclusive rights in Pennsylvania to sell Charlotte’s Web Hemp Oil, a medicinal hemp extract.

Several Charlotte’s Web products have a low amount of the psycho-active ingredient in cannabis, tetrahydrocannabinol or THC, so they are considered hemp, not marijuana.

Along with the rights to Charlotte’s Web, AgriNextusa will be able to research and develop its own line of products containing hemp oil.



WebSwinger wrote: I don’t know why you say this has anything to do with charlottes web but I hope you’re right. Also, could you please tell me what PA stands for.

investor1964 wrote: Hi Catch - I’m on my mobile and not savvy enough to copy and paste but if you go to reddit you can see what I posted on r/weedstocks regarding this. By buying this company Canopy has bought the exclusive rights in PA  to research and produce a line of products with Charlottes Web. Now that’s huge!

catchascatchcan wrote: It's all well and good, but I'm not surprised that it didn't bump the share price for two reasons. We can only assume that it's a very low dollar transaction value (immaterial), and we cannot tell what the value of this company is, as scarcely any information can be found on it on the web. It appears to me that we effectively picked up what they feel to be a quality player in the space. Beyond that, I'm not sure there's any substance unfortunately. Not saying it's a bad news story, but it truly is a non-event that's well dressed up given the NR. That said, I'm always happy to read that we are taking steps (even small steps) to ensure success in the US. Still waiting for that 'big' news event though. My guess is though that there aren't a lot of large 'properties' to buy up in the US which is a bit of a challenge. There just aren't many big operators as it's so fragmented. That's of course the opportunity, to become that player, but also a challenge when shopping for accretive acquisitions. Much of the money may well go to more organic investments such as the hemp build-out in NY. My thoughts for the day. GLTA

 

 




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