CGC

CGC is an Ontario-based medical cannabis company that produces and sells marijuana strains, edibles, capsules and oil extracts. Read more

David Klein's photo - CEO of CGC

CEO

David Klein

CEO Approval Rating

98/100

Founded:

2012

Status:

PublicIndependent CompanyTMX Group - Toronto Stock ExchangeWEED

CGC TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

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Cronos Group is the top competitor of CGC. Cronos Group was founded in 2013, and its headquarters is in Toronto, Ontario. Like CGC, Cronos Group also operates in the Cannabis Products field. Cronos Group has 1,697 fewer employees than CGC.

Aurora is seen as one of CGC's top competitors. Aurora was founded in Edmonton, Alberta} in 2013. Like CGC, Aurora also works within the Cannabis Products field. Compared to CGC, Aurora generates $163.4M less revenue.

Organigram is CGC's #3 rival. Organigram's headquarters is in Moncton, New Brunswick, and was founded in 2013. Like CGC, Organigram also operates in the Cannabis Products sector. Organigram generates 13% of CGC's revenue.

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CGC Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$433.4M

CGC's revenue is the ranked 1st among it's top 10 competitors. The top 10 competitors average -253.2M. Over the last four quarters, CGC's revenue has grown by 22.6%. Specifically, in Q1 2021's revenue was $99M; in Q4 2020, it was $152.5M; in Q3 2020, it was $101.1M; in Q2 2020, CGC's revenue was $80.8M.

CGC Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Supreme Cannabis Company, Inc.

Apr 2021

Source »
$345.6M
Supreme Cannabis is an Ontario-based producer and marketer of medical cannabis products such as oil, capsules and vaporizers for the healthcare sector.
AV Cannabis, Inc.

Apr 2021

Source »
undisclosed
Ace Valley is an Ontario-based cannabis firm that develops and commercializes plant-derived cannabinoid-based products for the pharmaceutical sector.
BioSteel Sports Nutrition, Inc.

Oct 2019

Source »
undisclosed
BioSteel is a manufacturer and provider of nutritional supplements and energy drink products.
Beckley Canopy Therapeutics Limited

Aug 2019

Source »
undisclosed
Beckley Canopy researches and develops cannabis-based pharmaceutical and health care products for individuals.
KeyLeaf Life Sciences

Jun 2019

Source »
undisclosed
KeyLeaf develops and commercializes plant-based extracts and ingredients for food, nutraceutical, cosmetics and bio-product industries.

These are all the companies that CGC has acquired. CGC has acquired 21 companies and its latest acquisition was Supreme Cannabis Company, Inc. in Apr 2021. Supreme Cannabis is an Ontario-based producer and marketer of medical cannabis products such as oil, capsules and vaporizers for the healthcare sector.

CGC Funding History

Since CGC was founded in 2012, it has participated in 8 rounds of funding. In total CGC has raised $5.2B. CGC's last funding round was on Mar 2021 for a total of $750.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Debt
Mar 2021
$750M
Post-IPO Debt
Mar 2020
$58.8M

TerrAscend

Corporate Round
Aug 2018
$3.8B
Convertible Note
Jun 2018
$377.2M
-
Corporate Round
Oct 2017
$185.1M

Since CGC was founded in 2012, it has participated in 8 rounds of funding. In total CGC has raised $5.2B. CGC's last funding round was on Mar 2021 for a total of $750.0M

CGC Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

ByMinistry is a producer and supplier of cannabis products.
$5M
Aug 19, 2019
Series A
-
Canopy Rivers is an investment platform that provides growth capital and strategic support for the cannabis industry.
$22.8M
Feb 06, 2019
Equity
Sep 08, 2019
48North is a Canada-based cannabis company that cultivates and manufactures topicals, concentrates and related products for the healthcare industry.
$7M
Feb 05, 2019
Private Placement
-

These are all the companies that CGC has invested in. CGC has invested 21 companies and its latest investment was Supreme Cannabis Company, Inc. in Apr 2021. Supreme Cannabis is an Ontario-based producer and marketer of medical cannabis products such as oil, capsules and vaporizers for the healthcare sector.

CGC News

June 10, 2021Timmins Today

Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth

TORONTO - Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Grow... See more »
June 10, 2021CFN Media Group

The Supreme Cannabis Company, Inc. Announces Shareholder Approval of Arrangement with Canopy Growth Corporation

TORONTO, June 10, 2021 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme" or the "Company" or "we"... See more »
June 4, 2021Benzinga

Canopy Growth & Rapper Drake Terminate Cannabis Collaboration, Cannabis Giant Still Has Martha Stewart

When Canadian rapper Drake announced he was partnering with cannabis giant Canopy Growth Corporation ... See more »
June 2, 2021One America News Network

Canopy sticks to profit vow despite revenue miss

June 2, 2021 By Arunima Kumar and Shariq Khan (Reuters) -Canopy Growth Corp's chief executive reassur... See more »
June 1, 2021Timmins Today

Canopy Growth CEO 'really bullish' on U.S. pot legalization after recent reforms

Canopy Growth Corp. is continuing to pin its hopes on the U.S. as competition in Canada's cannabis in... See more »
June 1, 2021iNVEZZ

3 key highlights from Canopy Growth's Q4 report

Canopy Growth Corp (TSE: WEED) said on Tuesday its revenue came in lower-than-expected in the fiscal ... See more »
June 1, 2021Seeking Alpha

Canopy Growth EPS of -C$1.85

CGC Press Releases

February 10, 2021EIN Presswire

Canopy shares surge on 2022 profit prediction

Despite reporting a $829M Q3 loss, shares are up as the Canadian weed giant predicts US legalization ... See more »
February 9, 2021EIN Presswire

Canopy, Curaleaf, advocacy groups join forces to advance US cannabis reform

The US Cannabis Council aims to present a unified message on legalization and social equity to Capito... See more »
February 4, 2021PR Newswire

Canopy Animal Health Launches SurityPro - A New Generation of CBD Products for Dogs

Science-backed SurityPro CBD soft chews and well drops are formulated to deliver the most CBD per bod... See more »
November 23, 2020Cision Canada

Canopy Growth announces completion of study on the long-term effects of CBD

/CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) and it... See more »
November 2, 2020PR Newswire

Canopy Growth to Report Second Quarter Fiscal 2021 Financial Results on November 9, 2020

SMITHS FALLS, ON, Nov. 2, 2020 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Comp... See more »
October 14, 2020Network Newswire

CGC) Featured in Virtual Coverage of Benzinga's Cannabis Capital Conference - NetworkNewsWire

Canopy Growth Corp. (TSX: WEED) (NYSE: CGC), formerly Tweed Marijuana Inc., is a cannabis company bas... See more »
September 23, 2020PR Newswire

Canopy Growth and Acreage Implement Amended Arrangement

SMITHS FALLS, ON and NEW YORK, NY, Sept. 23, 2020 /PRNewswire/ - Canopy Growth Corporation ("Canopy G... See more »

CGC Videos

November 12, 2020Canopy Growth Youtube Channel

"Under The Canopy With Anna Palmer" on YOUTUBE

November 2, 2020Canopy Growth Youtube Channel

"Under The Canopy With David Crosby" on YOUTUBE

October 14, 2020Canopy Youtube Channel

"Under The Canopy: Axel Bernabe" on YOUTUBE

September 23, 2020Canopy Youtube Channel

"Under The Canopy | Evelyn LaChapelle" on YOUTUBE

September 8, 2020Canopy Youtube Channel

"Under The Canopy: Michael Cammalleri" on YOUTUBE

August 25, 2020Canopy Youtube Channel

"Under The Canopy: Toi Hutchison" on YOUTUBE

Social Media

CGC Headquarters

1 Hershey Drive

Smiths Falls, OntarioK7A 0A8

1-855-558-9333

Driving Directions »

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CGC Summary

ABOUT

Overview

CGC is an Ontario-based medical cannabis company that produces and sells marijuana strains, edibles, capsules and oil extracts. CGC was founded in 2012. CGC's headquarters is located in Smiths Falls, Ontario, CA K7A 0A8. It has raised 5.2B in 8 rounds...

CEO

CGC's CEO, David Klein, currently has an approval rating of 98%. CGC's primary competitors are Cronos Group, Aurora & Organigram.

Frequently Asked Questions about CGC

  1. When was CGC founded?

    CGC was founded in 2012
  2. Who is CGC's CEO?

    CGC's CEO is David Klein
  3. How much revenue does CGC generate?

    CGC generates $433.4M in revenue
  4. How much funding does CGC have?

    CGC has historically raised $5.2B in funding
  5. Where is CGC's headquarters?

    CGC's headquarters is in Smiths Falls Ontario, CA
  1. How many employees does CGC have?

    CGC has 2,362 employees
  2. What sector does CGC operate in?

    CGC is in Cannabis Products
  3. Who are CGC's competitors?

    CGC's top competitors are Cronos Group, Aurora, Organigram
  4. Who has CGC invested in?

    CGC's has invested in companies such as ByMinistry, Canopy Rivers, 48North