SMITHS FALLS, ON and
ST. JOHN'S, Oct. 17, 2018 /CNW/ - Canopy Growth Corporation
("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) is
pleased to join Canadians and cannabis advocates from around the
world in celebrating today's legalization of recreational cannabis
in Canada.
With the dawn of this new day, Canada becomes the first G7 nation to legalize
and regulate recreational cannabis, and the first to do so while
ushering in a diverse, professional retail marketplace for cannabis
products.
To celebrate the day, the Company's Founder and Co-CEO
Bruce Linton completed (what the
company believes was) the first legal sale of recreational cannabis
in Canada at the Tweed flagship
store on Water Street in St. John's,
Newfoundland at 12:00 a.m.
Newfoundland Time.
Management issued the following statements about this historic
day:
"On a day like this, it's important to recognize all those
who struggled, and fought to get us here. The advocates, patients,
physicians, lawyers, and many more who can celebrate today as the
product of years, if not a lifetime, of hard work. We couldn't be
more excited to open this new, legal, regulated market for
recreational cannabis in Canada
and to now provide Canadians with a diverse supply of high quality,
safe cannabis products," said Bruce
Linton, Founder and Co-CEO, Canopy Growth.
"Now the real fun begins. In addition to our constant focus on
education, we can start introducing customers to the differentiated
retail experience and high-quality products we're proud to offer.
We look forward to continuing our introduction to Canadians and
invite the curious in for a conversation. Our staff are experts and
are ready to answer the questions people have never had the chance
to ask in a legal marketplace before," said Mark Zekulin, President and Co-CEO, Canopy
Growth.
With all the excitement around legalization, it's also important
to celebrate and enjoy responsibly and with that in mind,
management has also issued the following statement in support of
Tweed's ongoing Don't Drive High campaign in partnership
with Uber and MADD Canada. "Don't drive high. Period. There are at
least 101 better things to do instead. Need ideas or a $5 credit for an Uber where eligible? Check out
DontDriveHigh.ca."
We're fond of Future Growth but today, here's to October 17,
2018!
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. The Company has
operations in 12 countries across five 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 on the Toronto Stock Exchange and New York Stock
Exchange to our continued international expansion, pride in
advancing shareholder value through leadership is engrained in all
we do at Canopy Growth. 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 ten licensed cannabis production sites with over
4.3 million square feet of production capacity, including over
500,000 square feet of GMP certified production space. For more
information visit www.canopygrowth.com.
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", "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 or information involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Canopy Growth or its
subsidiaries 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 "provide Canadians with diverse supply of high quality,
safe cannabis products"; and "introducing Canadians to the
differentiated retail experience and high-quality products we're
proud to offer". 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, including the availability and supply of cannabis
products; the availability of staff for consultations; and such
risks contained in the Company's annual information form dated
June 28, 2017 and filed with Canadian
securities regulators available on the Company's issuer profile on
SEDAR at www.sedar.com. Although the Company believes that 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 the Company 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