Canopy Growth Corp (TSE:WEED) (NYSE:CGC) (FRA:11L1) CEO Bruce Linton shares details of Canada’s first legal cannabis export to the United States. Canopy is part of an ongoing project with US partners to provide a stable cannabis supply for research and testing. Linton notes that while Canopy has lost money on this venture, it creates new intellectual property for the company, establishes it as regulatory compliant, and provides export opportunities down the road. He compares this US deal with Canopy’s first export to Germany, which lost money; however, Germany now makes up approximately 10 percent of the company’s business. Linton also addresses Canopy’s retail presence, revealing retail stores will open in Newfoundland first and that Canopy has prime locations planned for Toronto.
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