Canopy Growth Corporation (CGC) Growth Accelerates U.S. Expansion with Major Acquisitions

We recently compiled a list of the 12 Cheap Pot Stocks to Buy According to Hedge Funds. Canopy Growth Corporation stands eighth on our list.

Canopy Growth Corporation (NASDAQ:CGC), a leading global cannabis company, is making strategic advancements focused on product innovation, U.S. market expansion, and financial strengthening. Recently, the company launched Deep Space Infused pre-rolls, tapping into the growing demand for high-potency cannabis products. This aligns with recognition for its vaporization technology brand, Storz & Bickel, at the 2025 Business of Cannabis Awards, underscoring the corporation’s commitment to innovation.

A major development is Canopy Growth Corporation (NASDAQ:CGC)’s accelerated entry into the U.S. cannabis market. Shareholders approved a new class of exchangeable shares to facilitate the acquisition of U.S.-based cannabis companies such as Acreage Holdings, Mountain High Products, Wana Wellness, and The Cima Group. These assets will be consolidated under Canopy USA, LLC, with financial reporting expected later in 2025. The company is increasingly discussed among cheap pot stocks to buy as investors look for value plays ahead of potential federal cannabis legalization in the U.S., the world’s largest cannabis market.

On the financial front, the firm is working to improve its balance sheet by prepaying US$50 million of its Senior Secured Term Loan by March 2026. This initiative will save approximately US$6.5 million annually in interest expenses, enhancing financial flexibility to support its expansion plans.

Canopy Growth Corporation (CGC) Growth Accelerates U.S. Expansion with Major Acquisitions

A specialized cannabis extraction laboratory, with technicians mixing a concoction.

Looking ahead, Canopy Growth Corporation (NASDAQ:CGC) will release its Q1 fiscal 2026 results on August 8, 2025, which will provide further insight into the execution of its U.S. strategy and broader growth trajectory.

While we acknowledge the risk and potential of CGC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CGC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.