Smith Falls, Ontario-based Canopy Growth Corporation (TSX: WEED), one of the world’s leading medical cannabis producers, announced a partnership with a Jamaican cannabis company to establish Tweed JA, a Jamaican-based medical cannabis producer.
Jamaica’s legislature amended its cannabis laws in 2015 and is forming a Cannabis Licensing Authority to regulate medical cannabis.
Canopy Growth stock has risen steadily since its early June low of $6.82 to close today at $13.03. The firm has a market cap of $2.23b with 1.71 million shares out.
Source: Canopy Growth