SMITHS FALLS, ON, Feb. 12, 2016 /CNW/ - Tweed Inc., a
subsidiary of Canopy Growth Corporation (TSXV: CGC), is pleased to
announce that it has entered into a business partnership with
entertainment icon Snoop Dogg.
(Photo: http://photos.prnewswire.com/prnh/20160211/332625)
Snoop Dogg is one of the world's most respected cannabis icons
and pioneers in the industry. He is recognized as a connoisseur of
quality, medical cannabis products and has expanded his
entrepreneurial endeavors to provide expertise and strategy to
business ventures that, like Tweed, represent the birth of a new
industry.
"There are real social and medical benefits from the cannabis
industry- and the world is seeing this positivity in a whole new
way," said Snoop. "Canada has been
at the forefront of the business model, and I look forward to being
a part of the road ahead."
Under the partnership, Snoop, through a controlled company, and
Tweed have partnered on curated content and brand strategy
exclusively in Canada. The license
agreement is for an initial three-year term with a two-year
extension. As partial consideration for the arrangement, the
controlled company will receive a combination of Canopy shares,
royalties, and monetary compensation, released over the course of
the agreement.
Snoop Dogg has truly paved the way across the global cannabis
industry. In September, Snoop and business partner Ted Chung launched online media platform
MERRY JANE as the definitive
cultural destination for cannabis news and original content. He was
the first to release a widely-lauded cannabis brand, Leafs By
Snoop. And via Casa Verde Capital, Snoop is also recognized as a
leading venture capitalist in the space- investing in early stage
start-ups.
"Our team is proud to bring Snoop into the fold," said
Mark Zekulin, Tweed's President.
"Today we're announcing our partnership and welcoming him to one of
Canada's most exciting industries.
Over the coming months we'll unveil the specifics, and until then
all I can say is 'stay tuned.'"
Broadcast B-roll is available upon request.
About Tweed Inc.
Tweed Inc. is a Canadian company licensed under
the Marihuana for Medical Purposes Regulations to produce
and sell marijuana to authorized medical 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 multiple licenses under the Marihuana for Medical Purposes
Regulations.
Through its wholly owned subsidiaries, Tweed Inc., Tweed Farms
Inc. and Bedrocan Canada Inc., Canopy operates several
state-of-the-art production facilities in Ontario and
distributes marijuana across the country to Canadian patients
managing a host of medical conditions.
Canopy 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.
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important factors that could cause actual actions, events or
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SOURCE Canopy Growth Corporation