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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 Kiluminati1984on Nov 10, 2020 1:51pm
127 Views
Post# 31871260

Canopy's US Progress

Canopy's US Progress

"Turning to the U.S. We’re accelerating growth by bringing our differentiated brands to consumers and quickly expanding distribution. We launched our Martha Stewart branded health and wellness CBD gummies, oil and softgels in the U.S. in September. This new line brings together the explicit flavors that you’d expect from Martha with the science and distribution power of Canopy. The launch generated significant earned media, driving record sales on shopcanopy.com, the day after the New York Times ran a story.

The products are now getting listed in brick and mortar retail stores, and we expect to see Martha Stewart CBD products in thousands of stores as we launch additional SKUs in the coming weeks.

BioSteel continued to accelerate its momentum, signing distribution agreements with leading beer distribution companies such as Reyes Holdings and Manhattan Beer, alongside several other partnerships through Constellation Brands’ Gold Network.

We expect to cover 100% of the U.S. market via direct store delivery by January of next year. The BioSteel team is currently in discussions with a number of large national accounts and expects to have products on-shelf across food, drug, mass, convenience and gas channels over the course of calendar 2021.

Storz & Bickel continue to expand its distribution in the U.S., while repeat orders from newly added distributors confirm that Storz & Bickel vaporizers are seeing strong consumer pool. Storz & Bickel will be celebrating its 20th anniversary on December 5th as they continue to expand their leadership in the vaporizer category."

https://seekingalpha.com/article/4387113-canopy-growth-corporation-cgc-ceo-david-klein-on-q2-2021-results-earnings-call-transcript?page=3

Bullboard Posts