Who is Canopy Growth Corporation?

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario . In April 2019, Canopy was the world's largest cannabis company, based on the value of all shares, or market capitalization.

Does Canopy Growth need a growth catalyst?

The company is struggling to increase sales and is in need of a growth catalyst. Entering the U.S. market is a core part of Canadian pot producer Canopy Growth 's ( CGC 3.27%) overall strategy. It's been four years since the company first announced plans to acquire multi-state marijuana operator (MSO) Acreage Holdings .

Is Canopy Growth in danger?

The Nasdaq exchange has been known to sometimes delist companies if their shares trade below $1 for a prolonged period of time. Canopy Growth isn’t in imminent danger now but could be someday, given the share price’s trajectory. Is there any reason to believe that Canopy Growth can stage a massive turnaround?

Will Canopy Growth enter the US market?

Entering the U.S. market is a core part of Canadian pot producer Canopy Growth 's ( CGC 3.27%) overall strategy. It's been four years since the company first announced plans to acquire multi-state marijuana operator (MSO) Acreage Holdings . Since then, it has pursued even more U.S.-based businesses, including Wana Brands and Jetty Extracts.