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News analysis

Canopy Growth takes stock for fiscal year 2023, looks ahead to new deals and ideas

Written by || 26th June 2023 || News analysis | Cannabinoids | Cannabis – medical | Cannabis – recreational | Financial results | Food | Vapour/Smokable | GeographiesCanada North America United States

Canopy Growth will stop producing its own cannabis beverages, edibles, vapes and extracts as it continues to look at ways to increase profitability.

The company said it will now move to a third-party sourcing model for these products, allowing it to free up funds invested in research and development and production.

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Freddie Dawson

Senior news editor
Freddie studied at King’s College, London and City University and worked for publications including The Times, The Malay Mail, PathfinderBuzz and Solar Summary before joining the CannIntelligence team. He has extensive experience in covering fast-moving consumer goods (FMCG), manufacturing and technological innovation.

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