Canopy Growth and Terrascend Canada enter US$58m financing agreement

CANADA – Canopy Growth Corporation, Canada’s leading cannabis infused beverage company and TerrAscend Canada, have entered into a loan financing arrangement worth C$80.5 million (US$58.15m). As part of the financing arrangement, TerrAscend has issued 17,808,975 […]

CBD-infused beverage producer Canopy Growth to close facilities in Canada

CANADA – Canadian cannabis infused beverage producer, Canopy Growth Corporation has unveiled the company’s production optimization plan that will result into the elimination of approximately 500 positions. As part of the Canopy’s effort to align […]

Canopy Growth names Constellation Brands’ veteran as new Chief Executive Officer

CANADA – Canopy Growth Corporation has appointed Constellation Brands’ executive vice president and chief financial officer David Klein as the company’s new Chief Executive Officer, effective January 14, 2020. David will be replacing Mark Zekulin […]

Canopy Growth begins production of cannabis-infused beverages at its Canadian facility

CANADA – Canopy Growth Corporation, a leading diversified cannabis company, has begun production of cannabis-infused beverages at its beverage facility located at company headquarters in Smiths Falls, Ontario, Canada. The company announced that the 150,000 […]

Constellation Brands posts Q2 loss linked to Canopy Growth’s investment

USA – American beverage company, Constellation Brands reported a loss of US$525.2 million during its second quarter ending August impacted by a US$484 million loss on an investment in Canopy Growth, a Canadian cannabis company. […]

Coca-Cola in talks with cannabis-infused beverages company Aurora Cannabis

USA – The Coca-Cola Company, the global manufacturer for non-alcoholic beverages, is in “serious talks” with Aurora Cannabis Inc. to develop cannabis-infused beverages, a move that would signal a significant foray into the marijuana sector. […]

Constellation Brands acquires 38% ownership of cannabis producer Canopy Growth

USA – Constellation Brands, a leading beverage alcohol company, has announced that it has acquired 38% ownership of Canopy Growth Corporation, a leading diversified cannabis company. The companies also announced a significant expansion of their […]