SMITHS FALLS, ON, Oct. 24, 2016 /CNW/ - Tweed Farms Inc.
("Tweed Farms" or the "Farm"), a wholly owned subsidiary of Canopy
Growth Corporation ("Canopy Growth" or the "Company") (TSX:CGC) is
pleased to announce the receipt of its license to sell dried
cannabis products. The sale of product is limited to other
licensed producers, and in particular its sister company Tweed Inc.
("Tweed").
The Tweed Farms license capacity has also been amended and the
greenhouse facility is now licensed to produce and sell 6,000kg of
dried cannabis, valid through January
13, 2017. Cannabis produced at Tweed Farms will be
allocated predominantly towards the online store of Tweed, as part
of Tweed's commitment to ensuring variety, reliability and
affordability for its customers.
"There are economic efficiencies to using rain-recapture and
natural sunlight on a large-scale," said Bruce Linton. "This current harvest that is
underway as we speak will be the first time we've used the full
potential of the largest greenhouse in the industry and we're very
excited to bring a harvest of this scale to market for medical
cannabis patients."
With this license extension, Canopy Growth Corporation has a
present licensed production capacity of 12,000 kg across three
diversified, world-class sites.
Here's to Future Growth.
About Canopy Growth Corporation
Canopy Growth is a
world-leading diversified cannabis company, offering diverse brands
and curated cannabis strain varieties in dried and oil extract
forms. Through its wholly-owned subsidiaries, Tweed, Tweed Farms,
and Bedrocan Canada, Canopy Growth operates three state-of-the-art
production facilities with over half a million square feet of
indoor and greenhouse production capacity. Canopy Growth has
established partnerships with leading sector names in Canada and abroad. For more information,
www.canopygrowth.com
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future operational and production capacity, the impact of enhanced
infrastructure and production capabilities, and forecasted
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SOURCE Canopy Growth Corporation