Canopy Growth Corp Expands into U.S. Cannabis Market

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Summary

The shareholder approval of Canopy Growth Corp.’s entry into the U.S. cannabis market through Canopy USA is a milestone event that marks new growth prospects for the organization. Canada-based cannabis company Canopy Growth Corp. has received approval from its shareholders to enter the increasingly lucrative American marijuana market through its newly established U.S.-based subsidiary, Canopy USA. The move will result in a restructured share system, expected to generate revenue and cost synergies for the parent company. These can have several positive implications for the company and interested investors seeking a low-risk entry into the nascent U.S. cannabis market. The restructuring of its shares and the anticipated regulatory changes form a powerful combination that can potentially unlock untapped revenue streams and secure a dominant position for Canopy Growth in the emerging North American marijuana market. Canopy Growth CEO David Klein has stated that the company will be the first and only U.S.-listed cannabis firm offering unique exposure to the burgeoning sector stateside.

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Canada-based cannabis company Canopy Growth Corp. has received approval from its shareholders to enter the increasingly lucrative American marijuana market through its newly established U.S.-based subsidiary, Canopy USA.

The move will result in a restructured share system, expected to generate revenue and cost synergies for the parent company. CEO David Klein expressed optimism about potential rescheduling in the near future, which could benefit cash flow for its U.S. assets.

New Share Structure Allows Entry into the U.S. Cannabis Market

As part of this approved plan,...

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