‘There’s no opposition now’: how a quiet Canada town became a world leader in growing weed
In an abandoned chocolate factory in Ontario, Canopy Growth is nurturing global ambitions
The Guardian (UK)
Saturday, June 29, 2019
Saturday, June 29, 2019
In 2018 Canada became the second country, after Uruguay, to legalise recreational use. By catching the green wave, Canopy Growth’s co-chief executive, Bruce Linton, has built, in under six years, a company valued by the stock market at £11.5bn, positioned to be the number one global player. Though Canopy has yet to make a profit, revenues reached C$225m last year. More than half comes from its recreational cannabis brand Tweed, even though legalisation only took hold halfway through the year. But breaking America is the biggest prize in the near future. Canopy recently signed a C$4.5bn deal giving it an option to buy the US cannabis firm Acreage, putting it in pole position to grab a slice of the US if it opens up further.
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