Topic: How To Invest

Good Day, Pat: What are your thoughts on Canopy Growth Corporation? Thanks.

Article Excerpt

A: Canopy Growth Corp., $3.84, symbol CGC on Toronto (Shares outstanding: 115.6 million; Market cap: $446.4 million; www.canopygrowth.com), is the new name for Tweed Marijuana (old symbol TWD). The company’s shares began trading on TSX Venture Exchange on April 3, 2014. The shares graduated to the regular TSX Exchange on July 26, 2016. Canopy is a licensed grower of medical marijuana in Canada. Its production facilities are in Smiths Falls, Ontario, and Park Lane Farms in Niagara-on-the-Lake, Ontario. The company shipped its first product on May 5, 2014, from the Smiths Falls plant. The company bought Park Lane Farms on June 18, 2014, for $2 million in cash and shares. Health Canada recently approved this facility as a licensed producer of medical marijuana, and Canopy has started production in its 350,000-square-foot greenhouse. On August 28, 2015, Canopy acquired Bedrocan for $59.3 million worth of Canopy common shares. That firm operates a 52,000-square-foot marijuana…