Canopy Growth

Canopy Growth Corp. (NYSE: CGC) is upping its hemp game. Today, the Canadian-based company announced that it would invest $500 million to expand its hemp production and processing capacity. Initially, the company said last month that it would invest roughly $150 million after securing a hemp production license in New York. Now it wants to expand its hemp footprint to Rhode Island and several other U.S. States. Speaking to Yahoo Finance, Canopy CEO Bruce Linton said that the company will take its hemp expansion one state at a time.

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