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Term: Canopy Growth

Canopy Growth (Wikipedia)

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

Canopy Growth Corporation
TypeMedical marijuana and, in Canada, recreational marijuana
S&P/TSX 60 component
PredecessorTweed Marijuana Inc.
Bedrocan Canada Inc.
Founded2013 (2013)
FoundersBruce Linton, Mark Zekulin, Chuck Rifici
Area served
ProductsMedical cannabis, recreational cannabis
RevenueIncreaseCan$607 million (2021)
Decrease Can$ -1.67 billion (2021)
Total assetsDecrease Can$6.82 billion (2021)
Total equityDecrease Can$3.49 billion (2021)
Number of employees

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%.

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