SMITHS FALLS, ON, Aug. 4, 2017 /CNW/ - In response to multiple
media reports regarding US market participation and security
regulations, and as stated in a press release dated June 19th, 2017, Canopy Growth Corporation (TSX:
WEED) ("Canopy Growth" or the "Company") wishes to reiterate its
commitment to only conducting its business in jurisdictions where
it is federally legal to do so.
Canopy Growth believes that conducting activities which are
federally illegal, or investing in companies which do, puts the
company at risk of prosecution, puts at risk its ability to operate
freely, and potentially could jeopardize its listing on major
exchanges now and in the future, limiting access to capital from
reputable US-based funds.
"Canopy Growth investors can feel confident that they are not
being exposed to undue risks," said Bruce
Linton, Chairman & CEO. "We have a responsibility to our
shareholders to only operate in a manner where clear federal and
fully legal frameworks exist for that conduct."
Exiting prohibition is an exercise in building credibility for a
new sector. Numerous international markets exist, as seen by Canopy
Growth's sector-leading expansion efforts in Australia, Germany, Brazil, and Chile.
Here's to Future Growth.
About Canopy Growth Corporation
Canopy Growth is a
world-leading diversified cannabis company, offering distinct
brands and curated cannabis varieties in dried, oil and capsule
forms. Through its wholly‑owned subsidiaries, Canopy Growth
operates numerous state-of-the-art production facilities with over
half a million square feet of GMP-certified indoor and greenhouse
production capacity, all to an unparalleled level of quality
assurance procedures and testing. Canopy Growth has established
partnerships with leading sector names in Canada and abroad, with interests and
operations spanning four continents.
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., Mettrum Health Corp., 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 the TSX Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Canopy Growth Corporation