Canopy Growth Corporation (NYSE: CGC) announced along with Sequential Brands Group, Inc. (NASDAQ: SQBG) a new addition to Canopy’s team. Martha Stewart will join Canopy Growth and serve the company in an advisory role to help design and create CBD products for animals and humans.
Co-Chief Executive Officer and Canopy Growth Chairman, Bruce Linton, will work alongside with Martha on CBD products. Canopy previously announced earlier this year that it will make an investment of $100 million to $150 million into a hemp industrial park in the state of New York. This industrial hemp park is built with the intent to create the first hemp facility that operates within the United States.
Martha Stewart stated: "I am delighted to establish this partnership with Canopy Growth and share with them the knowledge I have gained after years of experience in the subject of living. I'm especially looking forward to our first collaboration together, which will offer sensible products for people's beloved pets."
Curious about how you can make money investing in cannabis? Sign up for Cannin Free Access and subscribe to the Cannin Chronicle. We'll keep you informed on all things cannabis and even help you determine which cannabis companies have the highest growth potential.