Canopy Growth pushes into Cannabis beauty and wellness with This Works buy
Wednesday, 22 May 2019 Canopy Growth Corp said on Wednesday it would buy skincare company This Works for C$73.8 million ($55.2 million), adding beauty and sleep products to the Canadian weed producer's portfolio of cannabis oil, hemp and medical capsules.
Canopy Growth agreed to acquire British skincare company This Works for $54 million in cash on Wednesday, and following the acquisition, CEO Bruce Linton said Canopy will likely add a new, CBD-infused line of skincare products to the brand.
Canopy Growth is Real Money's Stock of the Day. The Canadian cannabis company reported earnings Thursday, June 20th, after the market close and beat on the top line, but missed on the bottom. Revenue..
Here's a closer look at Canada’s two most popular cannabis stocks, Canopy Growth (TSX:WEED)(NYSE:CGC) and Aurora Cannabis (TSX:ACB)(NYSE:ACB), to determine... Motley Fool Also reported by •Proactive Investors