Company to Celebrate with Market Opening Bell Ringing
Ceremony
SMITHS FALLS, ON, Jan. 31, 2017 /CNW/ - Canopy Growth Corporation
(TSX: CGC) ("Canopy Growth" or "the Company") is pleased to
announce that its share ticker will change to TSX:WEED upon the
commencement of trading on the Toronto Stock Exchange ("TSX") on
February 1, 2017.
"Patients, investors and Canadians as a whole are more accepting
of the cannabis sector today than ever before," said Bruce Linton, Chairman and CEO of Canopy Growth.
"This is owed to a lot of factors, but we are proud to have played
our part in introducing a once-stigmatized topic into Main Street
and Bay Street conversations. From our beginnings in an abandoned
chocolate factory, to our funding of research to our countless
doctor interactions, we have always taken pride in putting people
at ease to open the door to a more meaningful conversation. Now,
over three years later, we're thrilled to be marketing WEED on Bay
Street."
The ticker symbol change comes at a transformative time for
Canopy Growth. On January
27th, 2017, shareholders voted overwhelmingly in
favour of a previously announced acquisition of Mettrum Health
Corp. All conditions of an arrangement agreement dated
November 30, 2016, as amended, and previously announced
by the Companies on December 1, 2016 have been met and
the transaction is now officially closed. With Mettrum under the
canopy, the Company has created the largest legal cannabis business
in the world. Moving forward this means additional production
capacity, physician outreach opportunities, research, jobs and
economic stimulus across Ontario
and Canada.
With a strong portfolio of diverse national brands, unparalleled
diversified production capacity, and a strong financial position,
Canopy Growth is poised to continue its growth trajectory to meet
the demand of domestic and international cannabis markets.
Canopy Growth team members from across the country will "ring
the bell" to open trading on the TSX on February 1, 2017. The CGC team is looking forward
to celebrating the acquisition of Mettrum, a new ticker, and is
looking forward continued to Future Growth.
Watch it here in real time here
https://www.youtube.com/watch?v=DGUI5rWwLMo or on BNN
television.
An archive of the ceremony will also be made available at
http://www.tsx.com/news/market-opens.
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
650k 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 and its subsidiaries 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 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.
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