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Canadian medical marijuana company Canopy Growth CorporationTypeMedical marijuana and recreational marijuana in CanadaTrade asTSX: WEEDNasdaq: CGCS&PTSX 60 componentISINCA1380351009IndustryCannabisPredecessorsTweed Marijuana Inc. Bedrocan Canada Inc.Founded2013 (2013)FoundersBruce Linton, Mark Zekulin, Chuck Rificial FallsHeadquarters, Ontario Cannabis, Recreational CannabisSales $607 million (2021)1Net income $1.67 billion (2021)1Total assets: 6.82 $billion (2021)1Total equity: $3.49 billion (2021)1Website with over 2,000 employeeswww.canopygrowth.com .comwww.spectrumcannabis.ca Canopy Growth Corporation, formerly Tweed Marijuana Inc. , is a cannabis company based in Smiths Falls, Ontario. As of April 2019, Canopy was the worlds largest cannabis company by total share value or market capitalization.2 At the time, Constellation Brands Inc. controlled more than 35% of the company, which employed approximately 3,200 people.3 However, 2019 brought new challenges for the company with its share price falling by around 32%.4 Over the next two years (through the end of 2021), the stock fell another 55%. In September 2022, the company announced the spin-off of its Canadian retail operations and sold its 28 retail operations across the country to other cannabis companies.5 History The Tweed brand of cannabis sold in Alberta was founded in 2013 by Bruce Linton and Chuck Rificio6,78 and renamed Canopy Growth Corporation in 2015 after merging with Bedrocan Canada. Bruce Linton was the main founder, chairman and CEO9 and Mark Zeculin served as co-CEO and president until July 3, 2019, when Linton was forced to leave the company.10 Zekulins became the sole CEO until the end of that year when a new CEO was announced and Zekulins resigned on December 20. Canopy Growth was the first federally regulated, licensed and publicly traded cannabis producer in North America, trading as WEED on the Toronto Stock Exchange. It became the first cannabis producer to trade on the New York Stock Exchange13 on May 24, 201813 under the name CGC. On October 17, 201814 recreational marijuana became legal in Canada.15 Canadas first midnight sale of legal cannabis was conducted by CEO Bruce Linton at Tweeds Store in St. Johns, Newfoundland and Labrador.16 Prior to this date, cannabis was only legal in Canada for medicinal purposes; Growers are licensed by Health Canada under the Access to Medical Cannabis Regulations (ACMPR)17. The Financial Post news organization described the company as Canadas first $1 billion cannabis unicorn in November 2016.18 The company was merged into Canopy Growth Corp. in September 2015. renamed. with two registered trademarks: Tweed Inc. and Bedrocan Canada Corp.19 Specifically, CGC is the parent company of licensed cannabis producers Tweed Inc., Tweed Farms Inc., Spectrum Cannabis.Canadian Medical Marijuana Company Canopy Growth Corporation Type Medical and Canadian recreational marijuanaTrading asTSX: WEEDNasdaq: CGCS & P TSX 60 ComponentISINCA1380351009 Industry Canopy cannabis Predecessor Tweed Marijuana Inc. Bedrocan Canada Inc. Established in 2013 (2013) Founders Bruce Linton, Mark Zeculin, Chuck Rifici Headquarters Smiths Falls, Ontario, Canada Worldwide service Products Medical cannabis, recreational cannabis Revenue $ 607 million (total revenue $ 1 billion in 2021) ) $ 6.82 billion (2021) 1 Total Equity May $ 3.49 billion (2021) 1 Employees 2000 + Website Canopy Growth Corporation, formerly Tweed Marijuana Inc. is a cannabis company based in Smiths Falls, Ontario. In April 2019, Canopy was the largest cannabis company in the world by total stock value or market capitalization. 2 During this time, Constellation Brands Inc. controlled over 35% of the company, which employed approximately 3,200 employees. However, 2019 brought new challenges for the company as the share price fell by around 32%. 4 In the next two years (until the end of 2021), its shares fell by another 55%. In September 2022, the company announced the divestment of its Canadian retail business, selling its 28 retail stores nationwide to other cannabis companies. History of the Tweed Brand Cannabis sold in Alberta Tweed was founded in 2013 by Bruce Linton and Chuck Rifici 6 and was renamed Canopy Growth Corporation in 2015 after a merger with the Canadian company Bedrocan. Bruce Linton was the principal founder, president and chief executive officer 9, and Mark Zeculin served as co-manager and president until July 3, 2019, when Linton was pushed out of the company. 10 Zekulin became the sole CEO until a new CEO was announced the same year, and Zekulin resigned on December 20. Canopy Growth was the first federally regulated, licensed, publicly traded cannabis producer in North America to be listed as WEED on the Toronto Stock Exchange. It commenced operations under the name CGC on the New York Stock Exchange on May 24, 2018 12 as the first cannabis producer listed on the NYSE. 13 October 17, 2018 14 marijuana has become legal for recreational use in Canada. 15 Canadas first legal sale of marijuana was made at midnight by CEO Bruce Linton at the Tweed store in St. Petersburg. John, Newfoundland and Labrador. Before that date, marijuana was legal in Canada for medical use only; breeders were licensed by Health Canada under the Access to Medical Marijuana Regulations (ACMPR) 17. The Financial Post news organization described the company as Canadas first $ 1 billion cannabis unicorn in November 2016. 18 The company was renamed Canopy Growth Corp. in September 2015. with two famous brands: Tweed Inc. and Bedrocan Canada Corp. 19 In particular, CGC is the parent company of the licensed cannabis producers Tweed Inc., Tweed Farms Inc., Spectrum Cannabis.

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