SMITHS FALLS, ON, Sept. 20, 2018 /CNW/ - Canopy Growth Corporation
(TSX: WEED) (NYSE: CGC) ("Canopy Growth") wishes to
congratulate the entire team at Canopy Rivers Inc. as they take a
leap forward and commence trading today on the TSX Venture Exchange
as under the ticker symbol, "RIV".
Canopy Rivers was founded to diversify Canopy Growth's cannabis
supply streams and quickly evolved into a global strategic growth
platform that builds value in its partners by supporting every
aspect of a cannabis venture, from licensing and genetics to
financial and strategic support leveraging its close relationship
with Canopy Growth.
To date, Canopy Rivers has a diverse portfolio of strategic
investments including licensed cannabis producers, applicants, an
innovative media platform, and a leading European hemp cultivator.
This diverse portfolio will expand as new opportunities emerge in
the global cannabis industry.
"Canopy Rivers presents a world of opportunity for its partners
and for Canopy Growth. It's the type of relationship that allows us
to continue to grow our lead in this incredibly dynamic industry,
and we at Canopy Growth couldn't be more excited for Canopy Rivers
to be taking this transformative step into the public markets,"
said Bruce Linton, Chairman and
co-CEO, Canopy Growth and Acting CEO, Canopy Rivers. "Whether it's
access to new brands, new technologies, differentiated products,
first rights to future financing opportunities, and even rights to
future full acquisition, Rivers will build value for shareholders,
including Canopy Growth by building value for its portfolio
partners."
Canopy Rivers' management team and Board of Directors bring
decades of diverse collective experience in finance, regulated
cannabis, retail, media, technology, and more. To learn more about
Canopy Rivers and their mission, visit www.canopyrivers.com.
Here's to Future (Diversified) Growth.
Notice Regarding Forward Looking Statements
This news
release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and "forward-looking information" within the meaning of applicable
Canadian securities legislation. Often, but not always,
forward-looking statements and information can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "budget" "scheduled", "estimates", "forecasts",
"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 or information involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Canopy Growth to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements or
information contained in this news release. Examples of such
statements include statements with respect to the commencement of
trading of the Subordinated Voting Shares, Canopy Growth's
expectations in connection with the sale or purchase of additional
securities of Canopy Rivers in the future, on the open market or in
private transactions. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Although Canopy Growth believes the assumptions and
factors used in preparing the forward-looking information or
forward-looking statements in this news release are reasonable,
undue reliance should not be placed on such information and no
assurance can be given that such events will occur in the disclosed
time frames or at all. The forward-looking information and
forward-looking statements included in this news release are made
as of the date of this news release and Canopy Growth does not
undertake an obligation to publicly update such forward-looking
information or forward-looking information to reflect new
information, subsequent events or otherwise unless required by
applicable securities laws.
SOURCE Canopy Growth Corporation