Canopy Growth Corporation (CGC) Exchange: NASDAQ

Canopy Growth Corporation (CGC) is a Canadian cannabis producer and distributor founded by Bruce Linton and Chuck Rifici in 2013. It is the largest cannabis company in the world with a market capitalization of $11.29 billion as of January 2021. CGC is a leader in the global cannabis industry with operations in 12 countries across five continents. On its home turf, Canopy holds the largest share of the Canadian medical and recreational cannabis markets, both of which have seen massive growth over the past few years. Canopy has seven cannabis production facilities in Canada, ranging from greenhouse facilities to indoor operations. The company is also involved in hemp harvesting and breeding, medical cannabis and consumer packaged goods, such as cannabis capsules and infused beverages. In 2021, CGC signed a $1 billion pact with US-based Acreage Holdings to expand its cannabis production and distribution in the US. Since its inception, CGC’s share price has increased by almost 500%, while its market capitalization has grown from $2 billion in 2016 to more than $13 billion in 2021. The company has also increased its revenue by more than 1,000%, rising from $7 million in 2016 to $700 million in 2019. Overall, Canopy Growth Corporation is a leader in the cannabis industry, providing exceptional products and services to its customers. With its strong market position, the company is well-positioned for continued growth in 2021 and beyond.