Designed to integrate with daily routines, brand launches
innovative CBD-infused hard candy and balanced CBD, THC-infused
SMITHS FALLS, ON, Feb. 3, 2022 /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 the extension of the Ace
Valley brand portfolio, bringing two new beverages and hard candy
formats to market. Marking the brand's first-ever beverage
offerings, Daylight and Moonwave are occasion-based ready-to-drink
THC and CBD-infused drinks designed to help consumers start and end
their days. Newly launched Citrus Ginger Super CBD hard candies are
the brand's first single 20mg CBD-infused hard candy product.
Daylight and Moonwave bring the first occasion-based cannabis
beverage portfolio from Ace Valley to the Canadian market.
Daylight, a zesty sparkling water provides a burst of uplifting
citrus flavor with a hint of ginseng, offering 2.5mg THC and 5mg
CBD, and is the perfect way to start the day. Moonwave is a berry
flavour sparkling water with a touch of lavender and vanilla
flavours, offering 2mg THC and 10mg CBD, serves as the perfect
addition to a nighttime routine. With thoughtfully crafted, bold,
natural flavours, these ready to enjoy beverages will be available
in convenient 222ml cans.
As the CBD-infused edible market in Canada evolves, sales for CBD-infused candy
have increased more than eight times in the past year1.
With growing consumer demand, Ace Valley is introducing its first
ever CBD-infused hard candy. Citrus Ginger Super CBD hard candies
feature a unique blend of sugar-free citrus fruit flavour, with a
light kick of ginger, and contain 20mg CBD and 1mg THC per candy.
Sold in packs of 10, the Citrus Ginger Super CBD hard candies offer
an on-the-go, easy-to-use format for CBD consumption.
"We're thrilled to bring the first infused beverage and hard
candy format to the Ace Valley portfolio which continues to delight
Canadian consumers with its roster of premium, ready-to-enjoy
products," said Tara Rozalowsky,
Interim Chief Product Officer. "We've developed our innovation
pipeline to meet the evolving nature of how cannabis is consumed
and the growing consumer demand for products used for different
occasions and use cases."
The new Ace Valley products build on the brand's expansive
lineup of thoughtfully curated THC and CBD-infused gummies, vapes,
and pre-rolled joints. Daylight and Moonwave infused-beverages and
Super CBD hard candies will be available for purchase in select
markets via legal recreational cannabis retail locations and
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
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable U.S.
and Canadian securities laws (collectively, "forward-looking
statements"), which involve certain known and unknown risks and
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to Canopy Growth Corporation ("Canopy") can be found under the
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10-K for the year ended March 31,
2021, filed with the Securities and Exchange Commission and
with applicable Canadian securities regulators, as such factors may
be further updated from time to time in its periodic filings with
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These factors should not be construed as exhaustive and should be
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SOURCE Canopy Growth Corporation