SMITHS FALLS, ON, Nov. 11, 2015 /CNW/ - Tweed Inc. (Tweed),
wholly owned subsidiary of Canopy Growth Corporation ("Canopy
Growth" or "the Company") (TSX.V: CGC) has invited Health Canada's
inspectors to its production facility to conduct a final inspection
of the company's line of cannabis oil products and production
practices. The Company is pleased to take this important step
forward.
Tweed installed commercial super-critical CO2
extraction equipment in the Smiths
Falls facility and has refined extraction processes since
receiving its production license from Health Canada on August 20, 2015. Third-party lab results confirm
that Tweed is capable of producing extracts that exceed the
regulator's strict guidelines for purity, cleanliness and
quality.
"Doctors and customers have shown a real desire for cannabis
that they don't have to inhale," said Bruce
Linton, Chairman and CEO of Canopy Growth. "We've
placed a great deal of effort into the new product line and look
forward to working with Health Canada to complete the licensing
process and start filling orders."
Tweed and it's sister company Bedrocan Canada Inc. (Bedrocan)
will each produce lines of cannabis extract oils balanced with
non-GMO, organic-certified sunflower oil to meet Health Canada's
potency requirements.
Each line will be reflective of their unique dried cannabis
offerings. Tweed will focus on a diverse array of products
supported by 518,000 sq. ft. of licensed production space. Bedrocan
will offer oils produced from the industry's only line of fully
standardized strains.
Tweed will also launch a new section of its website, the Tweed
Pantry, to supplement the arrival of cannabis oils with educational
resources, safety tips, recipes from renowned culinary
personalities, and more.
Canopy Growth Corporation will release quarterly results for the
three and six-month period ended September
31st, 2015 (Q2) on November 26, 2015. Bruce
Linton, Chairman and CEO, and Tim
Saunders, CFO, will hold a conference call to discuss the
financial and operational highlights of Q2 and provide a holistic
update of subsequent events. Conference call details will
follow.
Here's to Future Growth.
About Tweed Inc.
Tweed Inc. is a Canadian company licensed under
the Marihuana for Medical Purposes Regulations to produce
and sell marijuana to authorized customers. Tweed strives to
supply a wide selection of marijuana, as diverse as the patients
who trust the company with their patronage. For more information
visit www.tweed.com
About Canopy Growth Corporation
Canopy is Canada's first
publicly traded medical marijuana company and the first
geographically diversified producer with dual licenses under the
Marihuana for Medical Purposes Regulations. Through its wholly
owned subsidiaries, Tweed Inc., Tweed Farms Inc., and Bedrocan
Cannabis Corp., the Company operates three state-of-the-art
production facilities in Ontario
and distributes marijuana across the country to Canadian patients
managing a host of medical conditions.
The Company is dedicated to educating healthcare practitioners,
providing consistent access to high quality medication, and
furthering the public's understanding of how marijuana is used for
medical purposes. For more information visit
www.canopygrowth.com
Forward Looking Statement.
This news release contains forward-looking statements. Often,
but not always, forward-looking statements 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 involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Canopy Growth Corporation, Tweed
Inc., Tweed Farms Inc. or Bedrocan Canada Inc. to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Examples of
such statements include future operational and production capacity,
the impact of enhanced infrastructure and production capabilities,
and forecasted available product selection. The
forward-looking statements included in this news release are made
as of the date of this news release and Canopy Growth Corporation
does not undertake an obligation to publicly update such
forward-looking statements to reflect new information, subsequent
events or otherwise unless required by applicable securities
legislation.
SOURCE Canopy Growth Corporation