Canopy Growth Corporation stands as a titan in the cannabis industry, with its origins dating back to 2013 in Smiths Falls, Ontario. Initially launched as Tweed Marijuana Inc., the company rebranded in 2015 to Canopy Growth Corporation, a move that signified its strategic shift towards a more expansive and diversified business model. The term “Canopy” aptly captures the company’s vision of providing a protective and nurturing environment for its wide array of cannabis products, ranging from recreational to medicinal offerings. Over the years, Canopy Growth has not only expanded its product line but also its global footprint, becoming a key player in the international cannabis market. The corporation’s journey reflects the dynamic nature of the cannabis industry, where adaptability and foresight are crucial. As regulations and consumer preferences evolve, Canopy Growth Corporation continues to lead with innovation and a steadfast commitment to quality. [Source: Canopy Growth Corporation Official Website]
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
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| 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.
