10mg THC-infused beverage and Deep Space
XPRESS gummies deliver new flavours and innovation to meet growing
consumer demand for higher potency products.
SMITHS FALLS, ON, Nov. 3, 2021 /CNW/ - Canopy Growth Corporation
("Canopy Growth" or "the Company") (TSX: WEED)
(NASDAQ: CGC), a world-leading diversified cannabis, hemp, and
cannabis device company, today announced two new product offerings
from its Deep Space brand - Limon Splashdown, a lemon-lime flavour
that extends the existing 10mg THC-infused beverage offering, and
Deep Space XPRESS, the company's first single 10mg THC gummy
offering in Canada.
Limon Splashdown, the new 10mg THC-infused lemon-lime beverage
from Deep Space is an addition to the brand's original cola
flavour, appealing to adult consumers who are seeking a citrus soda
flavour. 10mg THC beverages account for 45 per cent of total
infused-beverage sales1 in Canada, and Deep Space original cola is
currently a top 5 overall infused-beverage SKU in the Canadian
recreational cannabis market2.
The cannabis-infused gummy market continues to grow, accounting
for more than 71 per cent of all edibles purchased in North America,3 and Canopy Growth
continues to focus on innovation within the category. Deep Space
XPRESS marks Canopy's first single 10mg THC-infused gummy in the
Canadian market, offering maximum legal potency per gummy. Deep
Space XPRESS will be available in both the original Deep Space cola
and Limon Splashdown flavours, designed deliberately to match the
popular beverage flavours, in a new gummy format.
"Since its launch in 2020, Deep Space has quickly become a
beloved beverage brand. We are excited to introduce additional
flavours and formats that deliver the potency and pucker power that
Deep Space is known for," said Tara
Rozalowsky, Vice President, Beverages and Edibles. "We are
proud to launch our first ever 10mg Deep Space XPRESS gummies
in Canada, which uniquely
positions Canopy to capture market share as consumers look for
products that deliver on both great taste and desired effect."
The addition of these new Deep Space product innovations build
on Canopy's rapidly growing roster of beverage and edible brands
including Tweed Iced Tea and Tweed Fizz, Quatreau, Ace Valley gummies, and Twd. gummies.
Deep Space Limon Splashdown and Deep Space XPRESS will be
available for purchase nationally via legal recreational cannabis
retail locations and e-commerce channels.
Growth Internal Data, FY22 - September, calculated using internal
proprietary market share tool that utilizes point of sales data
supplied by a third-party data provider, government agencies and
our own retail store operations across the country.
data for tracked US states. Edibles includes forms such as
beverages, chocolates and other ingestibles.
About Canopy Growth Corporation
Canopy Growth (TSX:WEED, NASDAQ:CGC) is a world-leading diversified
cannabis and cannabinoid-based consumer product company, driven by
a passion to improve lives, end prohibition, and strengthen
communities by unleashing the full potential of cannabis.
Leveraging consumer insights and innovation, we offer product
varieties in high-quality dried flower, oil, softgel capsule,
infused beverage, edible, and topical formats, as well as vaporizer
devices by Canopy Growth and industry-leader Storz & Bickel.
Our global medical brand, Spectrum Therapeutics, sells a range of
full-spectrum products using its colour-coded classification system
and is a market leader in both Canada and Germany. Through our award-winning Tweed and
Tokyo Smoke banners, we reach our adult-use consumers and have
built a loyal following by focusing on top quality products and
meaningful customer relationships. Canopy Growth has entered into
the health and wellness consumer space in key markets including
Canada, the United States, and Europe through BioSteel sports nutrition, and
This Works skin and sleep solutions; and has introduced additional
federally-permissible CBD products to the
United States through our First & Free and Martha
Stewart CBD brands. Canopy Growth has an established partnership
with Fortune 500 alcohol leader Constellation Brands. For more
information visit www.canopygrowth.com.
Notice Regarding Forward-Looking Information
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"forward-looking information" within the meaning of applicable U.S.
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10-K for the year ended March 31,
2021, filed with the Securities and Exchange Commission and
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SOURCE Canopy Growth Corporation