In November 2017, Canopy Growth produced Canada's first "cannabis Unicorn" with a market valuation of over $1 Billion.
Canopy Growth Corporation (CGC), formerly Tweed Marijuana Inc., is a medical marijuana company based in Smiths Falls, Ontario, founded by Bruce Linton and Chuck Rifici in 2014. Linton is now the Chairman and CEO while Marc Wayne is the President. The company was the first federally regulated, publicly traded cannabis producer in North America, traded on the Toronto Stock Exchange as WEED. Since marijuana is currently legal in Canada only for medical purposes, growers such as CGC are licensed by Health Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR). A multi-licensed, geographically diverse marijuana producer, the company was described as "one of the world's - and Canada's first - premier exporters of marijuana" by the Financial Post news organization in December 2016. By April 2018, the company had a market value of C$6.7 billion; revenue in the previous 12 months totaled C$69 million. The company rebranded to Canopy Growth Corp. in September 2015 with two established brands. Specifically, CGC is the parent company of licensed cannabis producers Tweed Inc., Tweed Farms Inc., Bedrocan Canada Inc., as well as newly acquired Mettrum Health Corp, giving CGC a combined growing platform of over 665,000 sq. ft. of production space. The company has also acquired part or full ownership of other cannabis producers and distributors, including several in other countries.
The company rebranded to Canopy Growth Corp. in September 2015 with two established brands. Specifically, CGC is the parent company of licensed cannabis producers Tweed Inc., Tweed Farms Inc., Bedrocan Canada Inc., as well as newly acquired Mettrum Health Corp, giving CGC a combined growing platform of over 665,000 sq. ft. of production space. The company has also acquired part or full ownership of other cannabis producers and distributors, including several in other countries.