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Stock impact report

Canopy Growth (CGC) Fueling Optimism With a New Product Line [Yahoo! Finance]

Canopy Growth Corporation - Common Shares (CGC) 
Company Research Source: Yahoo! Finance
With the cannabis market attracting significant investor interest, Canopy Growth Corp. (NASDAQ:CGC) could be an attractive opportunity. On March 31, the company introduced Deelish, which is a cannabis line catering to the value segment. The CEO, Luc Mongeau, described the value category as one of the most active categories in the Canadian cannabis industry. Mongeau believes that people are aware of what they need, and this product caters to their needs by offering a very potent marijuana product at a value price level consistent with their purchases. What also makes Canopy Growth Corp. (NASDAQ:CGC) a highly captivating cannabis player is its inorganic growth strategy. Back on March 16, it reported the successful acquisition of all outstanding shares of MTL Cannabis Corp. (CSE: MTLC). This strategic acquisition is primarily motivated by the goal of forming Canada's leading medical cannabis platform, while boosting the supply of premium flower into regulated international markets suc Show less Read more
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