TORONTO, Dec. 3, 2015 /CNW/ - Bedrocan Canada Inc.
(Bedrocan), wholly owned subsidiary of Canopy Growth Corporation
("Canopy Growth" or "the Company") (TSX.V: CGC) is pleased to
announce that it has received a license renewal for its shipping
and storage facility in the Greater
Toronto Area.
The license extension is valid for one calendar year from the
date of issuance, December
2nd, 2015 and will allow Bedrocan to store and
sell up to 240kg of dried cannabis during the licensing period.
Bedrocan also holds a separate 2000kg production license that is
valid through February
17th, 2016.
"We are pleased to have met the necessary regulatory
requirements to extend this sales and storage license," said
Marc Wayne, President of Bedrocan.
"It is a strategically located facility which can ship quickly and
easily to the most densely-populated region in the country so it is
good news for our customers as well."
This is the smallest of the four Marihuana for Medical Purposes
Regulations (MMPR) licenses held by the Company, which is approved
to produce and sell a total of 5740kg of dried cannabis products
through its various licenses, the highest total in the industry.
Bedrocan holds a separate production and sales license
allowing it to grow, store, and sell up to 2000 kg of cannabis.
Tweed Farms is licensed to grow cannabis plants in its 350,000 sq.
ft. greenhouse. Tweed Inc. is licensed to grow, store, and sell
3500kg of dried cannabis. In total, Canopy Growth operates more
than 550,000 sq. ft. of cannabis production space.
About Bedrocan Canada
Bedrocan Canada is focused on medicinal cannabis production and
research, including, the EQUAL Study, which is currently enrolling
patients and evaluating how cannabis is affecting their quality of
life of Canadian patients. Bedrocan's standardized strains have
been used by thousands of patients in seven countries around the
world. www.bedrocan.ca
About Canopy Growth Corporation
Canopy Growth 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, Tweed Farms, and Bedrocan Canada, 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, conducting robust clinical research, and furthering the
public's understanding of how marijuana is used for medical
purposes. www.canopygrowth.com
Notice Regarding Forward Looking Statements 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 Corp. 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. Neither 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.
SOURCE Canopy Growth Corporation