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Canopy Growth's Plan To Conquer The World's Biggest Market

Canopy Growth Corp. (CGC), the first cannabis company to list on the New York Stock Exchange and now with a $13.6 billion market value, is positioning itself to conquer the U.S. Now that Canopy is a leader in the Canadian market, “they are now using the $4 billion in cash they got due to Constellation to get a route to control in the world’s biggest market,” according to Jefferies analyst Owen Bennett, as outlined in a detailed story on the company's strategy in MarketWatch, as outlined below. To be sure, Canopy's strategy of sacrificing profits to invest heavily in growth is facing a major test. The challenge the company faces in executing in both the Canadian and U.S. markets is illustrated by its latest mixed quarterly earnings report. Read More...

Canopy Growth’s Plan To Conquer The World’s Biggest Market

Canopy Growth Corp. (CGC), the first cannabis company to list on the New York Stock Exchange and now with a $13.6 billion market value, is positioning itself to conquer the U.S. Now that Canopy is a leader in the Canadian market, “they are now using the $4 billion in cash they got due to Constellation to get a route to control in the world’s biggest market,” according to Jefferies analyst Owen Bennett, as outlined in a detailed story on the company’s strategy in MarketWatch, as outlined below. To be sure, Canopy’s strategy of sacrificing profits to invest heavily in growth is facing a major test. The challenge the company faces in executing in both the Canadian and U.S. markets is illustrated by its latest mixed quarterly earnings report.

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