In the #0excludeGlossary world of cannabis, Canopy Growth stands out as a beacon of innovation and expansion. The term #1excludeGlossary originates from the Latin #2excludeGlossary which means “covering” or “shelter,” aptly describing the company’s role in providing a protective and nurturing environment for the cannabis industry to flourish. Since its inception in 2013, Canopy Growth Corporation has transformed from a modest enterprise into a powerhouse, influencing global cannabis policies and practices. The term has grown beyond its corporate identity, symbolizing the dynamic and expansive nature of the cannabis canopy itself. As the industry continues to evolve, Canopy Growth is synonymous with pioneering advancements and sustainable practices, ensuring that the canopy of cannabis continues to thrive and expand. This term encapsulates the essence of growth, innovation, and the boundless potential of the cannabis industry. [Source: Canopy Growth Corporation, Harvard Business Review]
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
 | |
| Company type | Medical marijuana and, in Canada, recreational marijuana |
|---|---|
| TSX: WEED Nasdaq: CGC | |
| ISIN | CA1380351009 |
| Industry | Cannabis |
| Predecessor | Tweed Marijuana Inc. Bedrocan Canada Inc. |
| Founded | 2013 |
| Founders | Bruce Linton, Mark Zekulin, Chuck Rifici |
| Headquarters | , |
Area served | Worldwide |
| Products | Medical cannabis, recreational cannabis |
| Revenue |  Can$297.15 million (2024) |
 Can$ -657.27 million (2024) | |
| Total assets | Can$1.30 billion (2024) |
| Total equity | Can$500.51 million (2024) |
Number of employees | 1,029 (2024) |
| Website | www www www |
In April 2019, Canopy was the world's largest cannabis company based on the value of all shares or market capitalization. At that time, Constellation Brands Inc. controlled over 35% percent of the company which had approximately 3,200 employees. The year 2019 created new challenges for the company however, with its stock price dropping by about 32%. In the next two years (to the end of 2021) its shares dropped an additional 55%. In September 2022, the company announced divestiture of its Canadian retail operations, selling its 28 retails stores across the country to other cannabis companies.
