STZ - Canopy Growth: Welcome To America
Summary
Canopy Growth (CGC) is the largest cannabis company in the world. While based in Canada, Canopy has global ambitions and operates in 14 countries on five continents. Analysts forecast the global cannabis market will generate C$180 billion/year, and Canopy Growth is leveraging Constellation's (STZ) C$5 billion investment to compete for that global market.
Last week, Canopy announced their first foray into the United States through a U$100-150 million Hemp Industrial Park in New York's Southern Tier. That facility will focus on hemp extraction and product manufacturing under a license from