SMITHS FALLS, ON, Feb. 16, 2018 /CNW/ - Canopy Growth Corporation
(TSX: WEED) ("Canopy Growth" or the "Company") is pleased to
announce that it has been conditionally selected by the Government
of Manitoba to operate cannabis
retail stores in the province after a rigorous and highly
competitive RFP process. Canopy Growth, along with its partner
Delta 9, is one of four successful candidates chosen to operate a
number of retail locations throughout the province. Further details
on locations and store quantities will follow as the RFP process is
finalized.
Once official, this will mark Canopy Growth's second provincial
retail agreement after previously announcing plans to apply to
operate four retail stores in the Province of Newfoundland & Labrador. To date,
four provinces in Canada have put
forward their retail and supply frameworks including New Brunswick, Newfoundland & Labrador, and Prince Edward Island; and all of them have
chosen Canopy Growth as a trusted partner and supplier. Just this
week, Canopy Growth also entered into a Letter of Intent (LOI) with
the province of Quebec to supply
up to 12,000 kg of cannabis in that province annually.
"I would like to commend the Government of Manitoba on choosing a competitive retail
model that offers access to a variety of new and existing cannabis
brands to Manitobans," said Mark
Zekulin, President, Canopy Growth. "We look forward to
establishing friendly and modern retail spaces that prioritize
consumer education and superior customer service, resulting in a
safe and positive experience for adult consumers while introducing
them to the best brands Canada has
to offer including Tweed, Leafs By Snoop, DNA Genetics and a
variety of carefully curated independent CraftGrow partners from
around the country."
Canopy Growth is dedicated to promoting education and informed
understanding of cannabis. Established partnerships with
organizations like MADD Canada and Parent Action on Drugs (PAD)
support the Company's goal of entering the legalized recreational
market in Canada in a responsible
manner. With a focus on customer education and retail training,
Canopy Growth aims to ensure adult consumers in the Province of
Manitoba will enjoy informed, and
safe cannabis experiences provided through a welcoming and
informative retail experience.
Here's to Future Growth (in Manitoba).
About Tweed
Tweed is a globally recognized cannabis production brand. It has
built a large and loyal following by focusing on quality products
and meaningful customer relationships. Tweed doesn't just sell
cannabis, 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 cannabis 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 and hemp company, offering
distinct brands and curated cannabis varieties in dried, oil and
Softgel capsule forms. From product and process innovation to
market execution, Canopy Growth is driven by a passion for
leadership and a commitment to building a world-class cannabis
company one product, site and country at a time.
Canopy Growth has established partnerships with leading sector
names including cannabis icon Snoop Dogg, breeding legends DNA
Genetics and Green House seeds, and Fortune 500 alcohol leader
Constellation Brands, to name but a few. Canopy Growth
operates seven cannabis production sites with over 665,000 square
feet of production capacity, including over 500,000 square feet of
GMP-certified production space. The Company has operations in seven
countries across four continents. The Company is proudly dedicated
to educating healthcare practitioners, conducting robust clinical
research, and furthering the public's understanding of cannabis,
and through its partly owned subsidiary, Canopy Health Innovations,
has devoted millions of dollars toward cutting edge,
commercializable research and IP development. Through partly owned
subsidiary Canopy Rivers Corporation, the Company is providing
resources and investment to new market entrants and building a
portfolio of stable investments in the sector. From our historic
public listing to our continued international expansion, pride in
advancing shareholder value through leadership is engrained in all
we do at Canopy Growth. For more information visit
www.canopygrowth.com
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achievements of Canopy Growth Corporation, its subsidiaries, or its
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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 Corporation 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.
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SOURCE Canopy Growth Corporation