Canopy Growth Corporation is a world leading diversified cannabis company. We operate a collection of diverse brands and curated strain variety, supported by over half a million square feet of indoor and greenhouse production capacity, partnered with some of the leading names of the sector.
Click here to access 2016 Annual Meeting of Shareholders documentation.
Tweed is the most recognized marijuana production brand in the world. It has built a large and loyal following by focusing on quality products and meaningful customer relationships. Tweed doesn’t just sell marijuana, 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 marijuana laws liberalize around the world, Tweed will expand its leading Canadian position around the globe.
Bedrocan is the epitome of medical-grade cannabis. Bedrocan BV pioneered medical cannabis in Holland through decades of selection and refinement, leading to standardized, whole bud cannabis strains that patients can rely on. Bedrocan Canada supplies the same standardized strains to the Canadian market through exclusive licensing rights to the American continents, an arrangement it will also enjoy for all future genetic advancements. Due to its consistency over time, Bedrocan’s strains have been used in clinical research in seven European countries. That commitment to research didn’t stay on the east side of the Atlantic – Bedrocan Canada recently launched one of the largest clinical cannabis studies in the world, the EQUAL Study, to evaluate quality of life before and after medical cannabis use.
Data Driven Indoor Production
Tweed is housed in the famous former Hershey Chocolate factory at 1 Hershey Drive, the campus comprises 40 acres of land with over 500,000 sq. ft. of available space. Tweed occupies 168,000 sq. ft. of licensed production space, plus office space where Canopy’s head office drives the vision forward. It is a data-driven, automated and lean operation, housing an R&D facility, oil extraction infrastructure, and in-house lab. Precise climate controlled spaces for each stage of cannabis production, from clone to cured bud, allows for the highest quality and widest variety of product in the sector.
REFINED STANDARDIZED HARVESTS
Bedrocan Canada operates to the refined and unwavering processes developed over decades in the Netherlands. At over 50,000 square feet, no variable is left unchecked to ensure the stabilized genetics produce standardized harvests time and time again. A second facility serves as a distribution-only location, where product imported from the Netherlands has historically been distributed to the Canadian market.
Tweed Farms is the largest marijuana-producing greenhouse in the world, certainly legally that we’ve ever come across, with over 350,000 square feet of licensed cannabis production space. The scale and the passive processes allow the Farm to produce environmentally friendly cannabis at extremely competitive cost per gram. The Farm combines traditional and state-of-the art agricultural techniques, using the natural power of the sun and recycled rainwater to nurture genetically identical plants produced in the on-site tissue culture propagation lab.
Snoop Dogg is one of the most revered figures in music, entertainment and more recently, a business pioneer in the cannabis sector. Over a respected career that stretches 25 years, his repertoire has turned him into a cultural icon across mediums. Snoop and business partner Ted Chung recently launched online media platform MERRY JANE, the definitive cultural destination for news and original content. He is also the first celebrity to release a branded line of products, “Leafs By Snoop,” which includes hand-weighed flower, concentrates, and edibles. Via Casa Verde Capital, Snoop has also made a foray into the venture capital model for early stage start-ups. Tweed is pleased to partner with Snoop, a true global powerhouse.
DNA Genetics have won awards in every category in the Cannabis Cup, the world’s preeminent cannabis competition. They are, simply put, global breeding and growing legends. DNA has partnered with Tweed to ensure all that knowledge and experience is put to good use as Tweed and Tweed Farms continue to iterate through their growing and curing processes to arrive at nothing short of perfection. Working with DNA, Tweed will be breeding new strains for customers that simply aren’t available anywhere else in the world, and bringing the best of existing DNA genetics to Tweed customers, bred and grown to the DNA standards the world expects.
Driven by a leadership team consisting of former legislators, public health experts, and medically-focused entrepreneurs, AusCann is a leader in Australia's emerging medical cannabis industry. Working with Canopy's subsidiaries Tweed and Tweed Farms, AusCann is in the process of developing world-class production standards that they will use to grow clean, consistent medical strains. Australian patients will have access to a wide array of AusCann products in 2017.
Indoor Harvest is developing aeroponic agriculture solutions for the cannabis industry. The Texas-based company is already working with CityFarm at the Massachusetts Institute of Technology (MIT) to revolutionize the efficiency and accessibility of agriculture. Working with Tweed’s R&D team, Indoor Harvest is developing IP that both companies can leverage and license throughout the world.
CannScience is an R&D biopharmaceutical company established to conduct research and development of therapeutic products based on the extracts from medical cannabis. CannScience is developing proprietary technologies that will be the future of medical cannabis delivery, and through its 33% stake in the company, Canopy is happy to be along for the ride.
Our accomplishments to date are a result of our diversity. From horticultural experts to storied cannabis growers – Harvard MBAs to Cambridge law graduates – Ottawa Valley tech icons to Compassion Club pioneers. With no existing roadmap to success in the cannabis sector Canopy created its own, valuing IQ along with expertise, bringing together the types of people who go looking for opportunities to innovate. We were the first cannabis company to go public, the first to launch diversified growing platforms, and the first to bring together two major licensed cannabis producers under one roof.
We are proud of our accomplishments, and are always looking for the next first.
Here’s to Future Growth.
The Board of Directors of Canopy Growth Corp. provides the leadership and oversight needed to forge an industry leader in an emerging industry. The Board is fully committed to our stakeholders and shareholders, leveraging decades of collective corporate governance experience to provide stability and growth over the long term.
Bruce Linton - Chairman and Chief Executive Officer
Mr. Linton is the founder of Canopy Growth Corporation (CGC) and co-founder of Tweed Marijuana Inc. Bruce’s primary focus has been to position cannabis brands in a competitive market and to raise the capital necessary to fund such operations. Bruce’s experience as a founder, CEO, and Board member across a wide variety of enterprises has influenced the positive start of Canopy Growth, which to date has enjoyed market support for capital raises of approximately $95 million and the distinction of being the first company in the industry to be offered debt instruments by a federal lender. Bruce has led three M&A transactions valued over $70 million total since founding CGC. In addition to his leadership responsibility at Canopy Growth, Bruce is the CEO of communications company Martello Technologies. After beginning his career at Newbridge Networks Corporation, he has since held positions that include General Manager and Re-Founder of Computerland.ca, President and Co-Founder of webHancer Corp, and part of the establishing team at CrossKeys Systems Corporation. He was also part of the leadership team for the Nasdaq/TSX initial public offering at CrossKeys. Bruce has been responsible for the acquisition and/or disposition of over $200 million in business assets, and has established regular engagement with the World Bank and Asia Development Bank while focused on markets in India, Philippines, China, Peru, Colombia, Ecuador, Azerbaijan and Uzbekistan. Bruce led the successful entry of both CrossKeys and Clearford into the Chinese market. In 2009 Clearford was awarded by the Canada-China Business Council for its market entry strategy. Bruce sat as Canada’s representative on the World Bank’s Water Sanitation Program. He has been on the Cleantech Advisory Board for Foreign Affairs, Trade and Development Canada. He is the past Chairman of the Ottawa Community Loan Foundation, past Board Member and Treasurer of Canada World Youth past Board of Governor for Carleton University, past President of the Nepean Skating Club and past President of the Carleton University Students Association.
John K. Bell, CPA, FCA, ICD.D - Director
Mr. Bell founded Shred-Tech and grew it into a global giant in the mobile document shredding and recycling industry. After selling Shred-Tech in 1995, he purchased Polymer Technologies and grew it from a local plastics manufacturer to a global auto parts company before exiting in 2007. John also served as interim CEO and director of ATS Automation (TSX), which operates 24 global manufacturing facilities, has 4,000 employees and $700 million in sales during a time of management and board renewal in 2007. John was the lead investor and Chairman of BSM Wireless (TSX-V). First investing in 2006, he led board and management renewal leading to substantial and profitable growth before successfully exiting in 2014. John also sits on the Board of Strongco Corp, traded on the Toronto Stock Exchange as SQP and DelMar Pharmaceuticals, which is traded on OTCQX as DMPI.
Barry Fishman - Director
Mr. Fishman is currently CEO of Merus Labs International Inc. (NASDAQ:MSLI; TSX:MSL) with over 25 years of experience in the pharmaceutical industry and is the former CEO of Teva Canada. During his tenure at Teva Canada, Mr. Fishman executed a growth plan that resulted in a five-fold increase in revenue through acquisitions and organic growth. Mr. Fishman is also the past Chair of the Canadian Generic Manufacturers Association. Previously, as CEO of Taro Canada, Mr. Fishman tripled sales through organic growth and market expansion in the form of a new private label division and the establishment of a new branded dermatology business. He began his pharmaceutical career at Eli Lilly, where he advanced through several cross-functional leadership roles, including Vice President of Marketing.
Murray Goldman - Director
Mr. Goldman, is the former Chairman of Bedrocan Canada Inc. and joined the Board of Directors when Bedrocan was successfully acquired by Canopy Growth. Mr. Goldman is the founder and Chairman of The Goldman Group, a fully integrated real estate development company that has developed and built in Canada, the United States and Israel for over 50 years. The company has a history of innovative and original mixed-use developments that have established precedent- setting neighbourhoods in the Greater Toronto Area. In 2010, Mr. Goldman received the NAIOP lifetime achievement award acknowledging his leadership in this field. Mr. Goldman continues to serve as a director of a number of prominent organizations and is a major investor and founder of a number of innovative medical and scientific research companies.
Chris Schnarr, ICD.D - Director
Mr. Schnarr is the President and Chief Financial Officer at Delivra Inc., a company involved in the development and sale of transdermal products and technologies for the topical delivery of pharmaceutical and natural molecules. Mr. Schnarr has 25 years of experience founding, managing, and advising growth companies, including strategy, corporate finance, capital markets, corporate development, M&A, financial reporting, and governance. His functional experience across executive positions spans Treasurer, Executive Vice President, Chief Financial Officer, President, and Chief Executive Officer. His broad industry experience includes technology (hardware, software, and services), communications, agriculture, food processing and food ingredients, financial services, health care, and sustainability. Mr. Schnarr has 18-years of public company Board experience across TSXV and TSX listed companies, as well as extensive committee experience. He is presently a Director and Chair of the Audit Committee and member of the Governance and Compensation Committees of Legumex Walker Inc. (TSX:LWP) and a Director and Chair of the Audit Committee and a member of the Compensation and Governance Committee at Intrinsic 4D Inc. (TSX:V).
Mr. Schnarr holds a Masters in Business Administration (finance) from University of British Columbia (1990), and a Bachelor of Business Administration degree with a Minor in Economics, from Wilfrid Laurier University (1989). He is a member of the Institute of Corporate Directors, a graduate of the Directors Education Program at the Rotman School of Business at the University of Toronto, and holds the ICD.D designation.
Mark Zekulin – President
Mark is the President of Canopy Growth Corporation. With Tweed since its inception, Mark has been a key driver of the Tweed and Canopy Growth vision, ensuring that patients and healthcare practitioners choose Canopy companies as their trusted source of marijuana for medical purposes. This includes overseeing medical and patient outreach strategy, driving operations and advancing corporate market strategy.
A graduate from the University of Waterloo in Mathematics, the University of Ottawa in Law, and the University of Cambridge in International Law, Mark has previously kept himself busy providing legal, political and strategic advice to high- profile local and international corporate clients, most recently as Counsel at the Ottawa-Washington international trade law firm of Cassidy Levy Kent. Previously, Mark has served as a Senior Advisor to the Honourable Dwight Duncan, the Ontario Minister of Finance, and has worked internationally at the Business and Industry Advisory Committee to the Organization for Economic Co-operation and Development (OECD).
Tim Saunders, Senior Vice President and Chief Financial Officer
Tim is a finance executive experienced with large international public companies and private equity-backed start-ups, having worked both in Canada and Europe. His leadership style focuses on business transformation and forward thinking to advance business capability and the business model.Tim joined Canopy Growth in summer 2015 after gaining executive and leadership experience across a number of sectors including mobile, telecom, semiconductors, manufacturing and clean tech. Tim most recently led Black Canvas Consulting with assignments such as Strategic Advisor to the President's Office of Export Development Canada. Tim was previously a senior finance executive with Vodafone, Oskar Mobil, Mitel and Zarlink Semiconductor and CFO at Plasco Energy Group where he was instrumental in raising $360 million in capital during the early start-up of the company until 2013.
Tim earned his CPA, CA with PricewaterhouseCoopers and is a proud graduate of Bishop’s University (Quebec) where he obtained his BBA. Tim also earned an executive certificate from the Ivey School of Business at the University of Western Ontario.
Marc Wayne – Managing Director
Marc is the President of Bedrocan Canada Inc. He is also the Board Chairman for the Canadian Medicinal Cannabis Industry Association (CMCIA) – the preeminent membership for licensed producers and applicants in Canada.Formerly the Director of Business Development for the Canadian Consortium for the Investigation of Cannabinoids (CCIC), a leading organization of scientists and healthcare professionals established to promote evidenced based research and medical education concerning the therapeutic application of cannabis and cannabinoid-based medicines. Previous to his work in the cannabinoid space, Marc was managing partner and founder of the OAM Computer Group, a leading Canadian integrator and founding investor and Board member of Lasoo.com a leading provider of spatial software ASP services, whose technology was purchased by Yahoo (2000-2001).
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All analyst coverage is conducted by third parties. As such the content of any analyst coverage should not be considered financial advice or forecasting that is approved or endorsed by Canopy Growth Corporation or its subsidiaries Tweed Inc., Tweed Farms Inc., or Bedrocan Canada Inc.
Unaudited Consolidated Financial reports and Management’s Discussion and Analysis reports for Canopy Growth will be posted here quarterly. Please visit SEDAR for a complete listing of corporate filings and archived filings for Canopy Growth Corporation.
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