Spectrum Therapeutics
Spectrum Therapeutics is a subsidiary of Canopy Growth, a world-leading cannabis company. With operations in 8 countries around the world.
Canopy Growth, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario. Tweed was founded by Bruce Linton and Chuck Rifici in 2013, and renamed Canopy Growth Corporation in 2015 after a merger with Bedrocan Canada. Mark Zekulin was also a co-founder; he became the sole CEO as of early July 2019 after Linton was ousted from the company, but stepped down on 20 December after a new CEO was announced.
By April 2019, Canopy was the world’s largest cannabis company, based on the value of all shares, or market capitalization. At that time, Constellation Brands Inc. controlled over 35% percent of the company which had approximately 3,200 employees. The year 2019 created new challenges for the company however, with its stock price dropping by about 32%.
What is Spectrum? | Spectrum Cannabis
In addition to operations in Canada, Canopy Growth has a partnership agreement in Spain with pharma company Alcaliber S.A., owns a subsidiary in Germany that imports medical cannabis, Spektrum Cannabis GmbH, and has a partnership with Spectrum Cannabis Denmark ApS, a medical cannabis grower. The company is also involved in the business in Jamaica, Chile, Peru and Brazil, as well as in Australia. In 2018, the company acquired Annabis Medical, a distributor in the Czech Republic, and medical marijuana supplier Daddy Cann Lesotho in Africa. In February 2019 Canopy set up a partnership with the Beckley Foundation to distribute medical cannabis in the UK.
