Mirae Asset Global Boosts Ownership of Canopy Growth

According to a recent Form 13F filing submitted to the SEC, Mirae Asset Global Investments Company, Ltd. disclosed a noteworthy and bullish investment in CGC stock. Here’s what you need to know about cannabis mega-conglomerate Canopy Growth Corp., as well as Mirae Asset Global Investments Company and their long position in shares of CGC stock:

About Mirae Asset Global Investments Company, Ltd.

Seoul, South Korea-based Mirae Asset Global Investments Company, Ltd. is a large institutional investment management firm with discretionary assets under management of over $9 billion as of a recent Form ADV, and over $205 billion according to their website. Mirae Asset Global Investments was founded in South Korea and now operates worldwide across 13 major financial markets, where they take a collaborative approach in managing a fully diversified investment platform.

About Canopy Growth Corp. (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company’s products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.

Mirae Asset Global Investments Company ., Ltd. Buys Stock in CGC

According to the most recent 13F filed by Mirae Asset Global Investments Company, the firm added 776,727 shares of CGC stock to it holdings in the recent quarter. That brings their total long position in Canopy Growth Corporation to 1,635,868 shares, representing approximately 0.34% of the 485,087,993 CGC shares outstanding. Based on the most recent closing price of $3.21 per share of CGC, the entire Mirae Asset Global Investments position in Canopy Growth Corporation is worth roughly $5,251,136.28.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Mirae Asset Global Investments Company. Also be sure to check out more recent 13F filing analysis news here.