Canopy Growth Corp
Canopy Growth Corp News
Canopy Growth Corp. (ticker – WEED) is a one of the biggest producers of medical cannabis in Canada, the company was originally known as Tweed Marijuana Inc. before its renaming in September of 2015. It is headquartered in Smiths Falls, Ontario, Canada, having been founded in 2013 by Bruce Linton. By April 2014, it had already been listed. Canopy Growth was the first cannabis producer to be included in stock market indices, currently it operates under numerous brand names, such as Tweed, Bedrocan and Vert Medical.
Revenue – Canopy Growth Corp.
The company's Q2 2018 results reveal a 33% rise in earnings, which now stand at CAD 23.3 million. Its financial projections for 2019 predict earnings growth of 30%.
Canopy Growth is an industry-leading company and controls over 33% of the cannabis supply in Canada. It has branches in 9 countries around the world, boasting 7 factories and more than 2.4 million square feet of production facilities.
Shares and quoted stock prices – Canopy Growth Corp.
The company's shares are included in the S&P/TSX Composite index. In May 2018, the company was listed on the New York Stock Exchange (NYSE). Its market capitalization is close to USD 12 billion.
Canopy Growth Corp. has demonstrated cumulative annual growth of approximately 413% over the first 11 months of 2018.
Canopy Growth Corp.'s share price saw a 113.9% increase from August to September 2018, rising from CAD 32.15 to CAD 68.8. Investors who purchased these shares without leverage were able to make a percentage return equal to this amount. If they made use of a leverage (e.g. 1:2), however, they could have increased the size of their return to 227.8%. That really is quite the 1-month rate of return. No savings account yield even comes close to matching it.