Canopy Growth Acquires 33% of BC Tweed for $285.5 Million USD
Canopy Growth Corporation (NYSE: CGC) announced on July 5th the company has closed its transaction with BC Tweed Joint Venture Inc. (BC Tweed). Canopy Growth now has 33% ownership of BC Tweed after paying $374 million Canadian dollars or $285.3 million USD in Canopy Growth shares.
The full sum will be paid over a three year period and is also subject to the achievement of specific goals. BC Tweed will need to fulfill production milestones in order to progress payment from Canopy Growth.
BC Tweed is still working on increasing their greenhouse production square footage. The company currently has 1.7 million square feet that is completed and fully licensed. After the remaining production space is completed, BC tweed will have 3 million square feet for production.
Canopy Growth Acquires 33% of BC Tweed for $285.5 Million USD
Cannin Investment Group: Your Hemp Stocks Experts
Cannin.com is your trusted resource for hemp stocks. Our team of financial experts evaluates all emerging hemp stock investing opportunities. We aggregate hundreds of hours of market research to provide tips on the best hemp stocks for 2020.
Use Cannin as your resource for:
- Cannabis and hemp stocks & investing news
- Featured cannabis & hemp stocks analysis
- Comprehensive cannabis and hemp stock reports
Is it too late to invest in hemp stocks? No! This is the perfect time to invest.
Wall Street analysts expect the global cannabis industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in hemp stocks is now.
Are you interested in hemp stocks like GW Pharmaceuticals, Charlotte’s Web, Canopy Growth, or Hemp Inc.?
Are you looking to buy stock in hemp companies or marijuana companies in 2020? Interested in emerging penny hemp stocks? Interested in leveraging the power of algorithmic stock trades to profit from hemp stocks? Looking for the best Canadian cannabis stocks to invest in? We can help.
Predict price movements of hemp stocks several hours in advance with our proprietary algorithmic stock trading software.
- +25% Gains in 2020
- +49.8% Gains in 2019
- Backtested since 2012
At Cannin, we’re so confident you’ll love our algotrading hemp stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.
Profit from the best hemp stocks – we’ll show you how at cannin.com.
Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Best Hemp Stocks
