Search: Canopy

Canopy Growth Announces Filing of Early Warning Report regarding TerrAscend Corp.

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) today announced that the Company has filed an early warning report under National Instrument 62-103 in connection with the acquisition of an option (the “Option”) to purchase 1,072,450 common shares (the “Common Shares”) of TerrAscend Corp. (“TerrAscend”), conditional upon the occurrence or waiver of amendments to federal laws…

Canopy Growth CEO Says It Will Directly Enter U.S. Market Within a Year

Canadian marijuana company Canopy Growth (NASDAQ:CGC) will be directly active in the U.S. market inside of a year. That’s according to CEO David Klein, who is banking on the environment for cannabis businesses in the U.S. to improve markedly in the proximate future. “What we really need is some combination of SAFE Banking, a revised Cole memorandum, and a reclassification by the executive…

Canopy Growth’s Stock Surged in 2020. It Would Do Even Better if the U.S. Legalized Marijuana, Analyst Says.

An analyst at Cantor Fitzgerald sees the grower as the best-positioned Canadian firm he covers to benefit from U.S. marijuana legalization. Cantor Fitzgerald analyst Pablo Zuanic raised his price target on the Toronto Stock Exchange-listed shares of Canopy to 33 Canadian dollars (US$25.89) from C$29. Pointing to contingent stakes in U.S. firms Acreage Holdings and (TER) which trigger when marijuana…

Canopy Rivers Sells Three Assetts to Canopy Growth for $115 Million

Canopy Rivers Inc. has entered into an agreement with Canopy Growth Corporation in which Rivers will transfer three portfolio assets to Canopy Growth in exchange for $115 million in cash and 3,750,000 common shares of Canopy Growth and the cancellation of all 36,468,318 Multiple Voting Shares and the 15,223,938 Subordinate Voting Shares of Rivers held by Canopy Growth. “This is a transformative…

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Corporate Updates, New Strategic Focus

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, on Friday provided an update on its 49%-owned joint venture, PharmHouse Inc. Per the update, on Oct. 29, 2020, PharmHouse received a court order from the Ontario Superior Court of Justice to initiate a sale and investment solicitation process (“SISP”) to identify interest in, and opportunities for,…

Canopy Rivers to Sell Three Assets to Canopy Growth for C$297 Million in Cash and Stock

Canopy Rivers to Monetize Certain Portfolio Assets for Total Transaction Value of Approximately $297 Million and Eliminate Dual Class Share Structure Pursuant to Agreement with Canopy Growth, Allowing Canopy Rivers to Shift Strategic Focus to Explore New Cannabis Markets Following Closing Rivers to sell its interests in TerrAscend, Tweed Tree Lot, and Vert Mirabel to […] READ MORE: https://www.newcannabisventures.com/canopy-rivers-to-sell-three-assets-to-canopy-growth-for-c297-million-in-cash-and-stock/

Canopy Growth Announces Plan of Arrangement with Canopy Rivers

Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NASDAQ: CGC) today announced that it has entered into an arrangement agreement (the “Arrangement Agreement”) with its wholly-owned subsidiary The Tweed Tree Lot Inc. (“Tweed NB”), Canopy Rivers Inc. (“Canopy Rivers”) (TSX: RIV) and its wholly-owned subsidiary Canopy Rivers Corporation (“CRC”) pursuant to which Canopy Growth will acquire certain assets from CRC, as…

This Week On Benzinga Cannabis Hour: Canopy VP Sol Clahane; Delta 9 Chief John Arbuthnot; Copperstate Farms CEO Pankaj Talwar

Sol Clahane, vice president and general manager at Canopy Growth Corp. (NYSE: CGC), is the latest cannabis pro to join the Benzinga Cannabis Hour.And the timing couldn’t be more perfect.These days, she’s overseeing major CBD brand and partnership initiatives such as the one Canopy just completed with “Domestic Diva” Martha Stewart.Before joining the Smith Falls, Canada-based company, Clahane was shaking…

Could Canopy Growth Be a Millionaire-Maker Stock?

After all, marijuana is an in-demand product in an expanding multinational industry that has plenty of room to innovate, and there’s no single company that has enough power to box out the other competitors from a share of the profit. The biggest reason Canopy isn’t a millionaire-maker stock is that it hasn’t demonstrated the kind of revenue and earnings growth…