NIAGARA-ON-THE-LAKE, ON,
Sept. 30, 2015 /CNW/ - Tweed
Farms Inc. (Tweed Farms), wholly owned subsidiary of Canopy Growth
Corporation (TSX.V: CGC) (Canopy Growth), has received Health
Canada approval to commence cannabis cultivation in all 350,000 sq.
ft. of the facility's growing space, a ten-fold increase from the
previously licensed area.
"We realized very early that diversified growing platforms would
allow us to produce a greater range of products, some suited to
indoor growing and others that thrive in a greenhouse environment,"
said Bruce Linton, Chairman and CEO
of Canopy Growth. "We can leverage the production capacity of the
greenhouse to meet the needs of an evolving market that will
increasingly require scale as we move closer to licensed cannabis
oil sales and as more and more patients seek medicinal cannabis as
a treatment option."
Given the scale of growing capacity, Tweed Farms will produce
genetically consistent cannabis plants efficiently using tissue
culture processing, rather than the area-intensive and more
labour-intensive method of cloning from mature "mother" plants.
The tissue culture program will be led by Dr. Upeksha
Nanayakkara, who holds a Ph.D in plant pathology from Pennsylvania State University.
This new milestone allows the Company to meet the demand for
Tweed's high quality medical cannabis, produced in a natural and
carbon friendly environment without the use of artificial lighting
or cooling.
"Our production team has now iterated through several harvest
and growing cycles, improving and refining growing practices
harvest over harvest," said Angus
Footman, President of Tweed Farms. "Now we can apply our
expertise over an additional 315,000 sq. ft. of production space,
drastically reducing our operating costs per gram."
The greenhouse facility is currently used to cultivate cannabis
plants that are then transferred to Tweed Inc.'s facilities in
Smiths Falls, ON for processing,
storage and shipment to Tweed customers. During the next phase of
construction, which is on budget and on schedule for completion in
mid-November 2015, Tweed Farms will
complete processing and storage facilities for inspection by Health
Canada. These enhancements will integrate the facility vertically
and improve efficiency by bringing value-added processes under one
roof.
Tweed Farms now has more production space licensed than any
other known facility in the Canadian cannabis industry. Combined
with 168,000 sq. ft. of licensed indoor production at Tweed Inc.
and 55,000 sq. ft. at Bedrocan Canada Inc., Canopy Growth is
positioned to produce a consistent and diverse supply of cannabis
products across three distinct growing platforms. By producing more
products, more consistently, Tweed and Bedrocan will continue to
increase market share and bring new strains and varieties to
Canadian customers across the country.
Here's to a lot more future growth.
About Canopy Growth
Canopy Growth Corporation is a listed company on the TSX Venture
Exchange (CGC). Its wholly owned subsidiaries, Tweed Inc., Tweed
Farms Inc., and Bedrocan Canada Inc. are leading Canadian producers
of medical marijuana under the Marihuana for Medical Purposes
Regulations (MMPR).
The Company's group of brands represents distinct voices and
market positions designed to appeal to a wide array of customers,
doctors and strategic industry partners.
To learn more about our globally recognized brands, our
commitment to research and education, and our best-in-class
leadership team, please visit www.canopygrowth.com
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SOURCE Canopy Growth Corporation