Sunday, 28 February 2016

Canopy Growth Corporation reports 3rd Quarter 2016 results

Canopy Growth Corporation reported their 3rd Quarter 2016 results which can be found here.

Canopy Growth Corporation is a Canadian holding company that owns Tweed Farms and Bedrocan, producers of medical marijuana in Canada. While recreational marijuana isn't legal as yet in Canada, the current Liberal Government campaigned on and announced their intention to legalize marijuana. Companies like Canopy, which operate under Canada Health's regulated program to provide access to medical marijuana, are strongly positioned to take advantage of any change in those laws.

Canopy is Canada's largest producer, and their growth speaks to the growing base of patients they've been bringing on board. With 41% growth over the last quarter, and 430% two year growth, this is one of my speculative holdings that I am holding on to as things play out.

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