Connect with us

Business

Canopy Growth Corp (NYSE:CGC) Introduces Innovative CBD Brand – First & Free In The US

Published

on

Canopy Growth Corp (NYSE:CGC) introduced First & Free, the innovative CBD brand, in the US. The company sells tinctures and capsules for customers in thirty-one states in the US through its website. It will soon launch a cream in the US.

Introduces cannabis-infused beverages in Canada

Canopy Growth has introduced innovative cannabis-infused vapes, beverages, and chocolates in Canada in November 2019. It already operates well-known retailers and brands such as Tokyo Smoke and Tweed in Canada.

Announces investment of up to $150 million

Canopy Growth announced an investment of up to $150 million in January 2019 in the New York State’s hemp industrial park. Bruce Linton, Chief Executive Officer of Canopy Growth, expected to introduce CBD products by the end of December 2019 in the US market.

The sales of hemp-derived CBD in the US in 2018 are estimated at up $2 billion. It accounts for just a small percentage of legal cannabis in the US market. The market for legal cannabis in the US in 2018 is estimated at $10.4 billion. Canopy Growth is preparing to get a pie of the legal cannabis market. Accordingly, Canopy Growth signed a deal in April 2019 to acquire Acreage Holdings, a cannabis producer based in New York, for $3.4 billion. The takeover is subject to the central legalization of cannabis in the US.

Introduces Cannabis 2.0 in January 2020

Canopy Growth will unveil the cannabis 2.0 line of products in Canada in January 2020. The Canadian customers can buy Tokyo Smoke Pause, Tokyo Smoke Go, and Tweed Baker Street Chocolate bars from next month. Canopy Growth will also introduce its distilled beverage products in retail stores almost at the same time. Its beverage products are Houseplant Grapefruit, Tweed Houndstooth & Soda, and House Plant Lemon. The company will also launch distilled cannabis spirits a month after the launch of chocolates.

Chief Technology Officer of Canopy Growth, Peter Popplewell, announced its line of vape cartridges and vape pens by the end of November 2019. Customers can expect innovative products that include rechargeable batteries and cartridges by the end of January 2020.

The stock of Canopy Growth trades at $18.65 (up 0.27%) on December 6, 2019.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

FEATURED STORIES

INDUSTRIAL HEMP2 days ago

Ventura Cannabis and Wellness Corp (OTCMKTS:CVHIF) Disposes Of Addiction Services Business: Posts Cannabis Revenues Of $1.7 Million In Q1 2021

Post Views: 136 Ventura Cannabis and Wellness Corp (OTCMKTS:CVHIF) reported revenues of $1.7 million from the cannabis business in Q1...

Business2 days ago

Cronos Group Inc (NASDAQ:CRON) Commences Sale Of Dried Cannabis Products Under Peace Naturals Brand In Israel: Posts $9.9 Million In Revenues In Q2 2020

Post Views: 136 Cronos Group Inc (NASDAQ:CRON) reported revenues of $9.9 million in Q2 2020. It posted a growth of...

Business5 days ago

Plus Products Inc (OTCMKTS:PLPRF) Introduces High Cubes Brand In The Californian Market For Recreational Use

Post Views: 60 Plus Products Inc (OTCMKTS:PLPRF) unveiled high THC concentrated Gummies under High Cubes Brand for recreational use in...

Business6 days ago

Emerald Health Therapeutics Inc. (OTCMKTS:EMHTF) Introduces Pure Sunfarm Products In Manitoba As Its Terminates Facility Agreements

Post Views: 164 Emerald Health Therapeutics Inc. (OTCMKTS:EMHTF) has announced that its cannabis production joint venture Pure Sunfarms has started...

Business1 week ago

Planet 13 Holdings Inc. (OTCMKTS:PLNHF) Signs Purchase Agreement To Acquire 45,000 Sq. ft. Facility In Nevada

Post Views: 256 Planet 13 Holdings Inc. (OTCMKTS:PLNHF) announced the signing of an asset purchase agreement subject to which it...

Business1 week ago

AXIM® Biotechnologies Inc. (OTCMKTS:AXIM) Unveils its NeuCovix™ Test That Can Accurately Classify COVID-19 Neutralization Tests

Post Views: 121 AXIM® Biotechnologies Inc. (OTCMKTS:AXIM) has completed a study focusing on the performance of its NeuCovix™ rapid test...