Weeks ago CANOPY, the largest legal marijuana grower in North America was only $10 per share so I bought some. Today it closed at $32.11– up over 17% in the last 24 hours. You might consider investing in legal marijuana, Canadian style, in the early hours of the legal cannabis boom! Mr. Money, Maverick investor
Post from Seeking Alpha by Kenny Robinson.
Summary
Canopy Growth Corporation is the first federally regulated, publicly traded cannabis producer in North America, traded on the Toronto Stock Exchange as (WEED), and on OTC as (TWMJF).
In January 2017, Tweed (a licensed cannabis producer owned by Canopy) expanded and purchased the remaining space of the former Hershey chocolate factory giving them 470,000 sq.ft. of production space.
As a multi-licensed, geographically diverse marijuana producer, the company was described as “one of the world’s — and Canada’s first — premier exporters of marijuana” by the Financial Post.
Investment Thesis: Canopy Growth Corporation is the clear leader among its competitors, and is strategically postitioned through major brand awareness, partnerships, and economies of scale to continue growth in market share.
Canopy Growth Corporation (OTCPK:TWMJF), a company with an approximate market capitalization of CAD$6.5 billion, and 637 employees, sells dried, oil, and soft-gel cannabis products worldwide in places such as Germany and Brazil.
The company owns the “Tweed” brand of marijuana, which is the most recognized production brand in the world according to Canopy. The tweed brand occupies several hundred thousand sq.ft. of space at the former Hershey (NYSE:HSY) chocolate factory in Smiths Falls, Ontario.
Tweed Farms is the largest legal marijuana-producing greenhouse in the world, with over 350,000 sq. ft. of production space. Canopy Growth Corporation has developed a system of scale which allows it to produce environmentally friendly cannabis at extremely competitive cost per gram. The Farm combines traditional and state-of-the art agricultural techniques, using the natural power of the sun and recycled rainwater to nurture genetically identical plants produced in the on-site tissue culture propagation lab. The recent January 2017 expansion to occupy the remaining space available in the former Hershey chocolate factory will allow Canopy Growth Corporation to increase its highly scalable grow operations, which in turn will reduce the chances of selling out of product. This already happened to the company in 2016 as it could not keep up with the large demand. More on that further down below.
