SMITHS FALLS, ON and
ANCASTER, ON, May 11, 2018 /CNW/ - Canopy Growth Corporation
(TSX: WEED) ("Canopy Growth" or the "Company") is pleased to
announce the addition of high quality cannabis from CraftGrow
partner AB Laboratories Inc. ("AB Labs"), part of Invictus MD
Strategies Corp ("Invictus") (TSXV: GENE; OTC: IVITF), in the Tweed
Main Street online store.
This is the latest product from a CraftGrow partner available
alongside Canopy Growth's industry leading lineup of curated
medical cannabis products.
"Welcoming AB Labs to Tweed Main Street is the next step in our
commitment to providing a wide variety of high quality medical
cannabis products to patients across Canada," said Mark
Zekulin, President, Canopy Growth. "The CraftGrow program
benefits producers and patients alike and we look forward to its
continued growth."
By participating as a CraftGrow partner, licensed producers can
benefit from Canopy Growth's complete platform including genetics,
infrastructure, rigorous Quality Assurance, Tweed Main Street
online store, and award-winning customer care. The CraftGrow
program also showcases the history and unique growing methods of
each partner.
"Invictus has developed a multifaceted sales strategy aimed to
target each channel for sales and distribution such as establishing
supply agreements and product calls with provincial governments and
licensed producers, developing retail storefronts across
Western Canada, and continuing to
focus on the medical cannabis sector," said Dan Kriznic, Chairman and CEO, Invictus.
"Our collaboration with Canopy Growth demonstrates our commitment
to making the sector strong and helping to expose medical cannabis
patients visiting Tweed Main Street, to another high quality,
unique brand."
In addition to the range of Tweed products that they know and
love, medical customers can now access unique, Canadian product via
the Tweed Main Street online store from two CraftGrow partners
hailing from Prince Edward Island
and Ontario.
As Canada advances towards
recreational legalization, Canopy Growth will continue to diversify
its product lineup with a blend of in-house and partner products
ensuring medical patients and future adult retail customers have a
wide range of quality product to meet their individual needs.
All CraftGrow cannabis is subject to Tweed's rigorous Quality
Assurance program, including accredited lab testing, prior to being
approved for sale.
Here's to Future CraftGrowth.
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.
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
eight cannabis production sites with over 2.4 million square feet
of production capacity, including over 500,000 square feet of
GMP-certified production space. The Company has operations in seven
countries across four 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 to our continued international expansion, pride in
advancing shareholder value through leadership is engrained in all
we do at Canopy Growth. For more information visit
www.canopygrowth.com.
About Tweed
Tweed is a globally recognized cannabis production brand. It has
built a large and loyal following by focusing on quality products
and meaningful customer relationships. Tweed doesn't just sell
cannabis, it facilitates a conversation about a product we've all
heard about but haven't met intimately yet. It is approachable and
friendly, yet reliable and trusted. As cannabis laws liberalize
around the world, Tweed will expand its leading Canadian position
around the globe. Learn more at www.tweed.com.
About Invictus MD Strategies Corp.
Invictus MD Strategies Corp. (Invictus) (TSXV: GENE, OTC: IVITF)
Invictus owns and operates cannabis companies in Canada with the vision of producing a variety
of high quality and low cost cannabis products and strains to the
global market place as regulations permit. Gene Simmons, music legend and media mogul,
conveys the vision of Invictus as the Chief Evangelist Officer.
Invictus operates two cannabis production sites under the Access
to Cannabis for Medical Purposes Regulations ("ACMPR") in
Canada and has over 95,000 square
feet of cannabis production capacity at the licensed production
sites. The Company's wholly owned subsidiary Acreage Pharms
Ltd. ("Acreage Pharms"), located in West-Central Alberta on 150
acres, has approximately 40,000 square feet of cannabis ready
production with its recently completed Phase 2 expansion. The
Company intends on expanding to 120,000 square feet by the end of
2018 once Phase 3 is complete.
Invictus also owns 50% of AB Laboratories Inc. ("AB Labs"), a
licensed producer under the ACMPR located in Hamilton, Ontario. AB Labs currently operates
in a 16,000 square foot facility and recently acquired a facility
adjacent to the existing property that will allow for a total of
56,000 square feet of cultivation space expected to be ready for
production by June 2018. During the
first quarter of 2018 AB Labs submitted a secondary license to
Health Canada for a nearby property on 100 acres under the name AB
Ventures Inc. ("AB Ventures").
Combined, the licensed producers owned by Invictus expect to
have approximately 200,000 square feet of cannabis production
capacity by the end of 2018 and 520,000 square feet of cannabis
production capacity by the end of 2019.
In addition to the ACMPR licenses, the Company has an 82.5%
investment in Future Harvest Development Ltd. a high quality
Fertilizer and Nutrients manufacturer based in Kelowna, British Columbia that has been in
operation for over 20 years under the brand Plant Life Products and
Holland Secret.
Notice Regarding Forward Looking Information
This news release contains forward-looking statements. Often,
but not always, forward-looking statements 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 involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Canopy Growth Corporation, its
subsidiaries, or its affiliates to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Examples of such statements include
future operational and production capacity, the impact of enhanced
infrastructure and production capabilities, and forecasted
available product selection. The forward-looking statements
included in this news release are made as of the date of this news
release and Canopy Growth Corporation does not undertake an
obligation to publicly update such forward-looking statements to
reflect new information, subsequent events or otherwise unless
required by applicable securities legislation.
SOURCE Canopy Growth Corporation