SMITHS FALLS, ON, Sept. 24, 2018 /CNW/ - Canopy Growth
Corporation ("Canopy Growth" or the "Company") (TSX:WEED)
(NYSE:CGC) is pleased to announce that it has completed the
required Cannabis Retail Organization Agreement and Cannabis Store
Retailer Agreements with the Manitoba Government and today unveiled
the future locations of its first Tweed retail sites in the
province.
Starting October 17, adult
customers in Manitoba will be able
to experience Tweed, the best-known cannabis brand in Canada, in a brick and mortar retail
environment.
Residents of Brandon can look
forward to a dedicated Tweed retail store to serve them, and
residents of Winnipeg can look
forward to two locations in the city. Grand opening events will
occur in the coming months to better introduce Tweed to the
community and showcase how Tweed stores will serve the people of
Manitoba with the best product and
education, while contributing as responsible and respectful members
of the community. In addition, Tweed will operate an online store,
Tweed.com, to serve the province and will announce additional
Manitoba retail locations in the
coming months.
"We're excited to bring Tweed and our many partner brands to
residents across Manitoba and we
know our retail experience will delight and surprise,'' said
Mark Zekulin, Co-CEO &
President, Canopy Growth. "Residents can look forward to visiting
their new Tweed retail stores which will offer the best cannabis
shopping experience while contributing to their community as a
socially responsible and community-oriented business."
Tweed retail stores will stock an industry-leading lineup of
products from Tweed as well as partner brands including DNA
Genetics and Leafs by Snoop, as well as other curated selections of
leading cannabis products. Tweed products will also be available
through Delta 9 Cannabis Inc. locations in the province.
This announcement solidifies the retail channel for the
Company's existing supply agreement to provide the Manitoba market with up to 6,500 kilograms of
cannabis products over the next twelve months.
Here's to Future (Retail Stores and) Growth.
About Canopy Growth Corporation
Canopy Growth is a
world-leading diversified cannabis and hemp company, offering
distinct brands and curated cannabis varieties in dried, oil and
Softgel capsule forms. From product and process innovation to
market execution, Canopy Growth is driven by a passion for
leadership and a commitment to building a world-class cannabis
company one product, site and country at a time.
The Company has operations in 11 countries across five
continents. The Company is proudly dedicated to educating
healthcare practitioners, conducting robust clinical research, and
furthering the public's understanding of cannabis, and through its
partly owned subsidiary, Canopy Health Innovations, has devoted
millions of dollars toward cutting edge, commercializable research
and IP development. Through partly owned subsidiary Canopy Rivers
Corporation, the Company is providing resources and investment to
new market entrants and building a portfolio of stable investments
in the sector.
From our historic public listing on the Toronto Stock Exchange
and New York Stock Exchange to our continued international
expansion, pride in advancing shareholder value through leadership
is engrained in all we do at Canopy Growth. Canopy Growth has
established partnerships with leading sector names including
cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green
House seeds, and Fortune 500 alcohol leader Constellation Brands,
to name but a few. Canopy Growth operates ten licensed cannabis
production sites with over 3.2 million square feet of production
capacity, including over 500,000 square feet of GMP certified
production space. For more information visit
www.canopygrowth.com
Notice Regarding Forward Looking Statements
This news
release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and "forward-looking information" within the meaning of applicable
Canadian securities legislation. Often, but not always,
forward-looking statements and information can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "estimates", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements or information involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Canopy Growth or its
subsidiaries to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements or information contained in this news
release. Examples of such statements include statements with
respect to "adult customers in the province will be able to
experience Tweed"; "Residents of Brandon can look forward to a dedicated Tweed
retail store to serve them, and residents of Winnipeg can look forward to two locations in
the city"; and "Tweed retail stores will stock an industry-leading
lineup of products from Tweed as well as partner brands including
DNA Genetics and Leafs by Snoop". Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information, including the opening of stores;
planning of unveiling events; product availability; and such risks
contained in the Company's annual information form dated
June 28, 2017 and filed with Canadian
securities regulators available on the Company's issuer profile on
SEDAR at www.sedar.com. Although the Company believes that the
assumptions and factors used in preparing the forward-looking
information or forward-looking statements in this news release are
reasonable, undue reliance should not be placed on such information
and no assurance can be given that such events will occur in the
disclosed time frames or at all. The forward-looking information
and forward-looking statements included in this news release are
made as of the date of this news release and the Company does not
undertake an obligation to publicly update such forward-looking
information or forward-looking information to reflect new
information, subsequent events or otherwise unless required by
applicable securities laws.
SOURCE Canopy Growth Corporation