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Canopy Growth Soars on Optimism for U.S. Cannabis Market (1)

Feb. 9, 2021, 6:45 PM

Canopy Growth Corp. jumped after the cannabis producer said it expects to gain broad access to the U.S. market this year -- with help from Corona beer maker Constellation Brands Inc.

Canopy, which sells raw flower and other products containing THC in its home country of Canada, already has arrangements with Acreage Holdings Inc. and TerrAscend Corp. to help it enter the much-larger U.S. market quickly once marijuana is federally legal. Yet with uncertainty over the timing and nature of U.S. legal reform, just what would trigger that entry has remained murky.

The company on Tuesday offered its most concrete ...

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