About Canopy Growth
Canopy Growth is a company based in Smiths Falls (Canada) founded in 2013 by Mark Zekulin.. The company has 960 employees as of March 31, 2024. Canopy Growth has completed 21 acquisitions, including Ace Valley, Acreage Holdings and Beckley Canopy. Canopy Growth offers products and services including Spectrum Reserve and Cannabis Products. Canopy Growth operates in a competitive market with competitors including Organigram, Cannara Biotech, C21 Investments, PharmaCielo and Aphria, among others.
- Headquarter Smiths Falls, Canada
- Employees 960 as on 31 Mar, 2024
- Founders Mark Zekulin
- Stage Public
-
Sectors
HealthcareAgriculture
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Canopy Growth Corporation
-
Annual Revenue
$186.96 M (USD)-9.47as on Mar 31, 2024
-
Net Profit
$-415.71 M (USD)9as on Mar 31, 2024
-
EBITDA
$-16.17 M (USD)69.29as on Mar 31, 2024
-
Latest Funding Round
$35 M (USD), Post-IPO
Jan 09, 2024
-
Investors
Stifel
& 5 more
-
Employee Count
960
as on Mar 31, 2024
-
Investments & Acquisitions
Ace Valley
& 20 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Canopy Growth
Canopy Growth is a publicly listed company on the TSX with ticker symbol WEED in Canada, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Canopy Growth
Canopy Growth offers a comprehensive portfolio of products and services, including Spectrum Reserve and Cannabis Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Premium brand offering therapeutic cannabis products for health needs
High-quality items with cannabinoid effects for daily enhancement
Unlock access to complete
Unlock access to complete
Leadership Team
20 people
Finance and Accounting
16 people
Software Development Team
15 people
Senior Team
11 people
Human Resources and Administration
10 people
Sales and Marketing
8 people
Legal and Compliance
5 people
Operations Team
5 people
Unlock access to complete
Funding Insights of Canopy Growth
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $35.0M
-
First Round
First Round
(05 Aug 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Post-IPO - Canopy Growth | Valuation |
investors |
|
| Feb, 2023 | Amount | Post-IPO - Canopy Growth | Valuation |
investors |
|
| May, 2020 | Amount | Post-IPO - Canopy Growth | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Canopy Growth
Canopy Growth has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include Stifel, Constellation Brands and TMX Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Multi-category alcoholic beverage company
|
Founded Year | Domain | Location | |
|
Stock exchange
|
Founded Year | Domain | Location | |
|
An annual financial conference is hosted in Canada.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Canopy Growth
Canopy Growth has strategically engaged in corporate development activities, having acquired 21 companies. Notable acquisitions include Ace Valley, Acreage Holdings and Beckley Canopy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
AI based platform offering decision support software
|
2020 | ||||
|
An e-commerce platform for cannabis products is operated.
|
2018 | ||||
|
Medical cannabis products are manufactured and distributed across Canada.
|
2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Canopy Growth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Canopy Growth Comparisons
Competitors of Canopy Growth
Canopy Growth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Organigram, Cannara Biotech, C21 Investments, PharmaCielo and Aphria, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cannabis products, brands, and international business development investments
|
|
| domain | founded_year | HQ Location |
Medicinal cannabis cultivation facility
|
|
| domain | founded_year | HQ Location |
Cannabis and hemp-derived products are cultivated, processed, and supplied.
|
|
| domain | founded_year | HQ Location |
Medicinal cannabis oil and products are produced in Colombia.
|
|
| domain | founded_year | HQ Location |
Cannabis-derived nutritional and wellness products are provided by Aphria.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Canopy Growth
Frequently Asked Questions about Canopy Growth
When was Canopy Growth founded?
Canopy Growth was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Canopy Growth located?
Canopy Growth is headquartered in Smiths Falls, Canada. It is registered at Smiths Falls, Ontario, Canada.
Who is the current CEO of Canopy Growth?
Luc Mongeau is the current CEO of Canopy Growth.
How many employees does Canopy Growth have?
As of Mar 31, 2024, the latest employee count at Canopy Growth is 960.
What is the annual revenue of Canopy Growth?
Annual revenue of Canopy Growth is $186.96M as on Mar 31, 2024.
What does Canopy Growth do?
Canopy Growth was established in 2013 in Smiths Falls, Canada, within the cannabis industry. Products featuring cannabinoid effects are offered to address consumer wellness needs. Operations encompass safety protocols for product quality, educational programs on consumption, and environmental sustainability efforts. The company maintains a focus on regulatory compliance and market expansion in the legal cannabis sector.
Who are the top competitors of Canopy Growth?
Canopy Growth's top competitors include Organigram, Cannara Biotech and Aphria.
What products or services does Canopy Growth offer?
Canopy Growth offers Spectrum Reserve and Cannabis Products.
Is Canopy Growth publicly traded?
Yes, Canopy Growth is publicly traded on TSX under the ticker symbol WEED.
How many acquisitions has Canopy Growth made?
Canopy Growth has made 21 acquisitions, including Ace Valley, Acreage Holdings, and Beckley Canopy.
Who are Canopy Growth's investors?
Canopy Growth has 6 investors. Key investors include Stifel, Constellation Brands, TMX Group, M Partners, and Capital Markets.
What is Canopy Growth's ticker symbol?
The ticker symbol of Canopy Growth is WEED on TSX.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.