SMITHS FALLS, ON, Sept. 8, 2017 /CNW/ - Following the
Ontario provincial government's
announcement of a framework for legal cannabis sales and use,
Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:
WEED) would like to offer the following statements:
- We are supportive of this announcement and commend the
Ontario government for its
leadership, with the right policy objectives in mind including safe
roads, a focus on education, public health, keeping cannabis out of
the hands of youth and ensuring a strong regulated framework for
the distribution of cannabis.
- Including e-commerce is a key aspect of this announcement,
particularly given the Province's tiered retail storefront roll-out
plan. We encourage the government to consider allowing existing
licensed producers to continue their e-commerce sales if this can
allow for a more cost-effective, expeditious, and varied sales
model for Ontarians.
- We commend the Province on its commitment to education, but
caution that education includes not only public health education,
but product education as well. It is imperative that adults who
have chosen to visit a cannabis retail store have the information
they need to make an informed decision about the brand, product,
potency, and form they wish to consume. Plain packaging behind a
counter would only lead to unfavourable and potentially unsafe
consumer choices, while encouraging consumers to return to the
illicit and unregulated market.
- We are currently Canada's
largest producer, and are committed to expanding throughout the
coming years to meet the demand this system will create, while
ensuring our medical patients receive priority access to cannabis.
Just this morning we announced that our Tweed Farms facility in
Niagara-on-the-Lake will house a
million square feet of greenhouse space – tripling the current
size, which is already the largest legal cannabis greenhouse in the
world. Our focus going forward will be to fill store shelves, and
to do that we will continue to expand our footprint in Ontario, across the country, and around the
world.
Here's to Future Growth in Ontario.
About Tweed
Tweed is a globally recognized marijuana production brand. It has
built a large and loyal following by focusing on quality products
and meaningful customer relationships. Tweed doesn't just sell
marijuana, it facilitates a conversation about a product we've all
heard about but haven't met intimately yet. It is approachable and
friendly, yet reliable and trusted. As marijuana laws liberalize
around the world, Tweed will expand its leading Canadian position
around the globe. Learn more at www.tweed.com.
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, Canopy Growth operates numerous 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
visit 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., 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