Prior to that date, cannabis was legal only for medical purposes in Canada; growers were licensed by Health Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR). The company was described as "Canada's first cannabis unicorn with a $1 billion dollar valuation" by the Financial Post news organization in November 2016.
The company was renamed to Canopy Growth Corp. in September 2015 with two established brands. Specifically, CGC is the parent company of licensed cannabis producers Tweed Inc. , Tweed Farms Inc. , Spectrum Cannabis. , as well as newly acquired companies.
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