Bulletin
Investor Alert

Market Pulse Archives

Jan. 19, 2022, 7:22 a.m. EST

Canopy Growth announces launch of Martha Stewart CBD-based topicals

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Canopy Growth Corp. (CGC)
  • X
    Canopy Growth Corp. (WEED)
  • X
    Cannabis ETF (THCX)

or Cancel Already have a watchlist? Log In

By Ciara Linnane

Canadian cannabis company Canopy Growth Corp. /zigman2/quotes/200603886/composite CGC -5.98% /zigman2/quotes/202205609/delayed CA:WEED -5.59% said Wednesday that Martha Stewart CBD has launched a line of CBD-based topicals in its first category expansion, adding to existing products that include gummies, oils and softgels. The new Martha Stewart CBD Wellness Topicals are designed to improve wellbeing, with a cream designed for muscle recovery, one for better sleep and one aimed at stress management. CBD is the non-psychoactive ingredient in the cannabis plant that is widely held to have wellness benefits. The creams are priced at a range of $19.99 up to $99.99 for 150 mL, of the Super Strength CBD cream aimed at muscle recovery. They were designed by Stewart along with Marquee Brands and Canopy Growth. Canopy's U.S.-listed shares were up 1.3% premarket, but have fallen 11% in the last 12 months, while the Cannabis ETF /zigman2/quotes/213173823/composite THCX -2.37% has 57% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.86% has gained 20.5%.

/zigman2/quotes/200603886/composite
US : U.S.: Nasdaq
$ 5.19
-0.33 -5.98%
Volume: 5.93M
May 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.20 billion
Rev. per Employee
$136,316
loading...
/zigman2/quotes/202205609/delayed
CA : Canada: Toronto
$ 7.09
-0.42 -5.59%
Volume: 2.34M
May 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.83 billion
Rev. per Employee
$170,909
loading...
/zigman2/quotes/213173823/composite
US : U.S.: NYSE Arca
$ 4.94
-0.12 -2.37%
Volume: 72,788
May 23, 2022 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,973.75
+72.39 +1.86%
Volume: 2.39B
May 23, 2022 5:43p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.