SMITHS FALLS, ON, Nov. 20, 2015 /CNW/ - Tweed Inc. ("Tweed"), a
wholly owned subsidiary of Canopy Growth Corporation ("Canopy
Growth" or "the Company") (TSX.V: CGC) has successfully renewed its
license to produce and sell marijuana under Health Canada's
Marihuana for Medical Purposes Regulations (MMPR).
The renewed license, which is valid for 14 months until
January 19, 2017, allows Tweed to
produce and sell up to 3,500 kg of dried marijuana. In addition,
Health Canada has renewed Tweed's supplemental license to produce
fresh marijuana and/or cannabis oil, over the same period.
"This is an indication that Health Canada has confidence in
Tweed's ability to continue to meet the rigorous production,
product quality, and security requirements of the regulatory
regime," said Bruce Linton, Chairman
and CEO of Canopy Growth. "Producing cannabis of this level of
quality on a large scale, ensuring it is delivered strictly to the
designated registered patient, and ensuring the customer care
experience is consistently exceptional, requires a high degree of
expertise across multiple functional areas. Tweed continues to
prove that we are unsurpassed in these capabilities."
"We now look forward, subject to regulatory approval, to
achieving our next key license milestones, including full licensing
of Tweed Farms' 350,000 square foot greenhouse, and a license to
sell cannabis oils," said Mr. Linton.
Here's to (another year of) Future Growth.
Canopy Growth Fiscal 2016 Q2 Results Analyst Call
An analyst call is scheduled for 8:30 am
ET, Thursday, November 26,
2015. Bruce Linton, Chairman
and CEO of Canopy Growth Corporation, and Tim Saunders, CFO of the Company will provide a
financial and operational update covering Fiscal 2016 Q2.
Dial in: (888) 231-8191
Conference ID: 82631795
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
Canada Inc., the Company operates three state-of-the-art production
facilities in Ontario and
distributes cannabis 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
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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 Tweed Marijuana Inc.