SMITHS FALLS, ON, Nov. 20, 2017 /CNW/ - Canopy Growth
Corporation (TSX: WEED) ("Canopy Growth" or "the Company") is
pleased to welcome Sweetgrass Inc. ("Sweetgrass"), a Strathcona
County, Alberta-based ACMPR
applicant, to Tweed's curated CraftGrow line.
Pending license approvals, Sweetgrass will supply its cannabis
products via Tweed Main Street, the most diverse cannabis
marketplace in Canada. The agreement will serve to increase
the amount of variety and consistency of supply available to
Tweed's registered medical cannabis customers.
The program accelerates speed to market for newly licensed
producers and provides brand and product exposure by selling
partner products via www.tweedmainstreet.com to the
market's largest group of actively registered customers. As
recreational markets in Canadian provinces emerge with distribution
details, Canopy Growth will also work to bring its existing
CraftGrow partners through these distribution channels.
"Bringing diversity to the market has been a major
differentiator for our business. Through CraftGrow partners like
Sweetgrass, our recent collaboration with Green House Seeds and
Organa Brands, and a wealth of other sector-leading partnerships,
we're leading the way towards a diverse marketplace for cannabis
products in Canada," said
Mark Zekulin, President, Canopy
Growth. "Through provincial distribution channels, brick and mortar
locations, and our online Main Street e-commerce platform we are
diversifying our ability to deliver a one-stop shopping experience
to consumers and provincial bodies alike."
The CraftGrow program provides Sweetgrass direct access
to Canopy Growth's extensive operational, distribution, marketing
and sales infrastructure through the Tweed Main Street online
marketplace where a new order is placed on average every ninety
seconds. Its sector-leading fulfillment centre then ships these
orders to customers across the country, at a rate of 1 gram every 4
seconds.
The 115,000 square foot Sweetgrass facility is headquartered in
close proximity to Canopy Growth's existing Edmonton facility and is currently in the
fit-up phase with product expected, pending appropriate licensing,
by summer 2018. Collectively, their core founding team represents
over 75 years of financial, construction, development, design, and
managerial experience. Grow Superintendent, Ryan Murray, is an award-winning cannabis
producer with a long history of serving medical patients in the
MMAR program.
"Sweetgrass Inc. is a privately held company which combines
sound business practices, visionary thinking, and an award-winning
grow team. Our focus is producing outstanding products by
evolving and refining strains to create exquisite genetics," said
Kathren McMaster, Chief
Communications Officer, Sweetgrass Inc. "'Quality High' defines our
brand. Strong, qualified business leadership, creative vision, and
horticultural expertise define our company. Sweetgrass is proud to
be selected by Canopy Growth Corporation to be part of the
CraftGrow line-up. We value this opportunity to share our
brand and high quality product with Canadian patients and regulated
recreational consumers."
Here's to Good New Neighbours and 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 700k sq. ft. of licensed production, over 500k
sq. ft. of which is GMP-certified. Looking forward to 2018, Canopy
Growth and its affiliates are developing a production patform that
will represent 3.2 million sq. ft. of indoor and greenhouse
production capacity, all operated with world-leading production,
quality assurance procedures, value-add post processing, research,
and testing. Canopy Growth has established partnerships with
leading sector names in Canada and
abroad, with interests and operations spanning seven countries and
four continents. The Company is proudly dedicated to educating
healthcare practitioners, providing consistent access to high
quality cannabis products, conducting robust clinical research, and
furthering the public's understanding of cannabis. For more
information visit www.canopygrowth.com.
About Sweetgrass Inc.
Sweetgrass is a Canadian
medical-grade cannabis company based in Strathcona County,
Alberta, and current ACMPR licence
applicant. Combining sound business practices, visionary thinking,
and an award-winning grow team is the core business model at
Sweetgrass Inc. Moving forward, the company will offer quality
cannabis products to the Canadian market supported by top-tier
services. Sweetgrass hopes to change the way the world thinks about
medical cannabis and will continue to focus on evolving and
refining strains to produce high-quality genetics for medical
cannabis patients across the country. Learn more at
www.sweetgrass.ca
Notice Regarding Forward Looking Statements
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or state that certain actions, events or results "may", "could",
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performance or achievements of Canopy Growth Corporation, its
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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.
SOURCE Canopy Growth Corporation