The inaugural report details the Company's
commitment to building a responsible and sustainable organization
defined by purpose
SMITHS FALLS, ON, Jan. 5, 2022 /CNW/ - Canopy Growth Corporation
("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) today
announced the release of its Environmental, Social, and Governance
(ESG) Report ("the Report") for calendar year 2020, as well as
qualitative details on some key activities that occurred in 2021.
The Report recognizes Canopy's current progress and describes
its priorities and approach to ESG as part of its long-term path
towards responsible and sustainable growth.
"As the cannabis industry becomes more established, we recognize
the role we must play to ensure that progress is achieved
responsibly and sustainably," said David
Klein, CEO Canopy Growth. "We are committed to
realizing our vision of unleashing the power of cannabis to improve
lives and our inaugural ESG report is the next step in our
leadership journey, creating accountability for ourselves, and the
cannabis industry."
Key Highlights
- Conducted our first-ever baseline assessment of our Scope 1 and
Scope 2 energy use and GHG emissions
- Invested over $1 million in
supporting record-clearing, wrap-around and ancillary services for
people impacted by the war on drugs
- Registered 23,000 patients for our Compassionate Pricing
Program through Spectrum Therapeutics
- Hired our first Vice President of Diversity Equity &
Inclusion in 2021 and established Employee Resource Groups
representing Indigenous, Black and LGBTQ2S+ employees and employees
living with disabilities
- Achieved near gender parity of women in our global
workforce
- Trained 93% of Canopy Growth employees on our pharmacovigilance
program
- Recorded 0 safety-related product recalls globally
Disclosures within the Report are made using relevant
reporting standards and frameworks including the Sustainability
Accounting Standards Board (SASB) Biotechnology &
Pharmaceuticals, Agricultural Products, and Non-Alcoholic Beverages
Sustainability Accounting Standards and the UN Sustainable
Development Goals.
As the first cannabis company in North
America to be publicly traded, federally regulated, and
licensed in Canada as a cannabis
producer, Canopy Growth embraces its opportunity and responsibility
to be a part of the cannabis industry's efforts to move forward
with integrity and intention.
To read the report in full, please view here.
About Canopy Growth
Canopy Growth (TSX:WEED, NASDAQ:CGC) is a world-leading diversified
cannabis and cannabinoid-based consumer product company, driven by
a passion to improve lives, end prohibition, and strengthen
communities by unleashing the full potential of cannabis.
Leveraging consumer insights and innovation, we offer product
varieties in high-quality dried flower, oil, softgel capsule,
infused beverage, edible, and topical formats, as well as vaporizer
devices by Canopy Growth and industry-leader Storz & Bickel.
Our global medical brand, Spectrum Therapeutics, sells a range of
full-spectrum products using its colour-coded classification system
and is a market leader in both Canada and Germany. Through our award-winning Tweed and
Tokyo Smoke banners, we reach our adult-use consumers and have
built a loyal following by focusing on top quality products and
meaningful customer relationships. Canopy Growth has entered into
the health and wellness consumer space in key markets including
Canada, the United States, and Europe through BioSteel sports nutrition, and
This Works skin and sleep solutions; and has introduced additional
hemp derived CBD products to the United
States through our First & Free and Martha Stewart CBD
brands. Canopy Growth has an established partnership with Fortune
500 alcohol leader Constellation Brands. For more information visit
www.canopygrowth.com.
Notice Regarding Forward-Looking Information
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable U.S.
and Canadian securities laws (collectively, "forward-looking
statements"), which involve certain known and unknown risks and
uncertainties. Forward-looking statements predict or describe our
future operations, business plans, business and investment
strategies and the performance of our investments. These
forward-looking statements are generally identified by their use of
such terms and phrases as "intend," "goal," "strategy," "estimate,"
"expect," "project," "projections," "forecasts," "plans," "seeks,"
"anticipates," "potential," "proposed," "will," "should," "could,"
"would," "may," "likely," "designed to," "foreseeable future,"
"believe," "scheduled" and other similar expressions. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date the statement was made.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management, are inherently subject to significant business,
economic and competitive risks, financial results, results,
performance or achievements expressed or implied by those
forward-looking statements and the forward-looking statements are
not guarantees of future performance. Accordingly, there are or
will be important factors that could cause actual outcomes or
results to differ materially from those indicated in these
statements. A discussion of some of the material factors applicable
to Canopy Growth Corporation ("Canopy") can be found under the
section entitled "Risk Factors" in Canopy's Annual Report on Form
10-K for the year ended March 31,
2021, filed with the Securities and Exchange Commission and
with applicable Canadian securities regulators, as such factors may
be further updated from time to time in its periodic filings with
the Securities and Exchange Commission and with applicable Canadian
securities regulators, which can be accessed at www.sec.gov/edgar
and www.sedar.com, respectively. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in this press release
and in the filings. Any forward-looking statement included in this
press release is made as of the date of this press release and,
except as required by law, Canopy disclaims any obligation to
update or revise any forward-looking statement. Readers are
cautioned not to put undue reliance on any forward-looking
statement. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
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SOURCE Canopy Growth Corporation