SMITHS FALLS, ON and
WHITEHORSE, April 18, 2018 /CNW/ - Canopy Growth
Corporation (TSX: WEED) ("Canopy Growth" or the "Company") and the
Yukon Liquor Corporation ("YLC") today announced that the Company
has entered into an agreement to supply Yukon with high-quality cannabis products to
serve the upcoming adult retail market.
Under the terms of the agreement, Canopy Growth will supply the
YLC with up to 900 kg of high-quality cannabis product over the
next three years.
"We're proud to be collaborating with the Government of
Yukon to ensure a consistent and
safe supply of our high-quality cannabis products once the adult
retail market opens," said Mark
Zekulin, President, Canopy Growth. "Being the national
supplier of choice requires presence and partnerships across the
country and supplying Yukon is an
important part of that vision".
"The addition of Canopy Growth as one of our main cannabis
suppliers ensures Yukoners will have access to a diverse and safe
line of products once cannabis is legalized," Minister responsible
for the Yukon Liquor Corporation John Streicker.
Once official, this agreement will mark Canopy Growth's fifth
agreement with a province or territory and speaks to the strong
national position of the Company. Canopy Growth has also been
selected to operate as a retail partner in Manitoba and will operate retail locations in
Newfoundland and Labrador.
The supply agreement is conditional upon the federal and
provincial governments adopting the necessary regulatory
framework.
Here's to Future Growth (in Yukon).
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
eight cannabis production sites with over 2.4 million 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.
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.
Notice Regarding Forward Looking Information
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, its subsidiaries, or its
affiliates 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.
SOURCE Canopy Growth Corporation