Canopy Growth Corp (WEED)

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Currently Canada’s largest producer of marijuana, Canopy Growth Corp. (OTC: TWMJF) (TSX: WEED) has over half a million square feet of greenhouse cannabis capacity and has committed to developing 1.3 million square feet of greenhouse growing capacity in British Columbia. The company is partnered with Bedrocan BV, a company based in Holland, to produce and distribute medical-grade cannabis via one of its core brands, Bedrocan Canada, demonstrating the need for high quantities of medicinal-grade cannabis. Due to its consistently high quality, Canopy Growth’s products are used extensively in clinical research in several European countries. In addition, the company recently launched the EQUAL Study to evaluate the effects of medical cannabis use on quality of life. Notably, this is one of the largest marijuana studies in the world.

In August, Canopy Growth reported first quarter fiscal 2018 revenue of C$15.8 million, marking a year-over-year increase of 127.4 percent and an increase of 8 percent compared to the fourth quarter of fiscal 2017 revenues.

"Our focus in the first half of calendar 2017 has been preparing our business to lead the legal recreational market that is set to open in Canada in 2018, while continuing to be the clear leader in the ongoing medical market," Canopy Growth chairman and CEO Bruce Linton stated in the earnings release.