SMITHS
FALLS, ON, June 29, 2023 /PRNewswire/ - Canopy Growth
Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ:
CGC) announced today the appointment of PKF O'Connor Davies, LLP
("PKFOD") as its independent registered public accounting firm for
the 2024 fiscal year and accepted the resignation of KPMG LLP
("KPMG").
"This change has been underway for some time and reflects a
joint decision between Canopy Growth and KPMG. We are pleased to
welcome PKFOD, which has specific experience in supporting clients
in the cannabis industry as our accounting firm for fiscal 2024.
Going forward, we remain focused on our ongoing actions to
strengthen Canopy Growth's balance sheet and advance towards
profitability" said Judy Hong, Chief
Financial Officer, Canopy Growth.
As described further in Canopy Growth's Current Report on Form
8-K filing on June 27, 2023, with the
Securities and Exchange Commission, KPMG's resignation did not
result from any disagreements between the Company and KPMG on any
matter of accounting principles or practices, financial statement
disclosures, or auditing scope or procedures.
About Canopy Growth
Canopy Growth is a leading North American cannabis and CPG
company dedicated to unleashing the power of cannabis to improve
lives.
Through an unwavering commitment to our consumers, Canopy Growth
delivers innovative products with a focus on premium and mainstream
cannabis brands including Doja, 7ACRES, Tweed, and Deep Space. Our
CPG portfolio features sugar-free sports hydration brand BioSteel,
targeted 24-hour skincare and wellness solutions from This Works,
gourmet wellness products by Martha Stewart CBD, and category
defining vaporizer technology made in Germany by Storz & Bickel.
Canopy Growth has also established a comprehensive ecosystem to
realize the opportunities presented by the U.S. THC market through
its rights to Acreage Holdings, Inc., a vertically integrated
multi-state cannabis operator with principal operations in densely
populated states across the Northeast, as well as Wana Brands, a leading cannabis edible brand in
North America, and Jetty Extracts,
a California-based producer of
high-quality cannabis extracts and pioneer of clean vape
technology.
Beyond our world-class products, Canopy Growth is leading the
industry forward through a commitment to social equity, responsible
use, and community reinvestment—pioneering a future where cannabis
is understood and welcomed for its potential to help achieve
greater well-being and life enhancement.
For more information visit www.canopygrowth.com.
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SOURCE Canopy Growth Corporation