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April 16, 2020
Canopy Growth and Great Gardener Farms mutually part ways
Canopy Growth has been fortunate enough to cross paths with some of the most innovative, pioneering talent that the cannabis industry offers. Having the opportunity to work with Mat and Kirk from Great Gardener Farms was one of those moments for us. A few weeks ago, we announced the closure of our production facilities in Delta and Aldergrove, British Columbia. As we had initially entered into a joint venture with Kirk and Mat to grow cannabis out of B.C., both parties have decided to mutually terminate our working relationship. From the entire team here at Canopy Growth, we’d like to…
April 9, 2020
This Works Launches 24hr CBD Boosters
Wimbledon, United Kingdom – This Works is pleased to share its first skincare range to feature CBD is now available to purchase exclusively via John Lewis & Partners in the UK and has already been tipped as one of ‘the best new beauty launches this April by Harper’s Bazaar. The range consists of five clinically proven and 98% natural skincare boosters expertly blended with 1% pure hemp-derived CBD isolate and active molecules held in a unique bi-phase serum for powerful results without irritation. Each booster is designed for application alone as an intensive boosting treatment or mixed into a regular…
April 3, 2020
Storz & Bickel’s Volcano Medic 2 Receives Medical Use Approval From Health Canada
SMITHS FALLS, ON & TUTTLINGEN, GERMANY – Storz & Bickel is pleased to announce that Health Canada has issued a Medical Device Licence for the new Volcano Medic 2 (License No.: 103842), an advanced cannabis vapourizer device for medical use. This licence permits distribution to medical institutions, clinics, and patients in Canada – including distribution through Spectrum Therapeutics, the medical cannabis division of Canopy Growth Corporation (TSX:WEED, NYSE:CGC). The device is currently available for purchase on Spectrum Therapeutics, Storz & Bickel’s online shop, and various medical cannabis clinics across Canada. Storz & Bickel is known for their long history of…
April 1, 2020
Canopy Growth Announces Changes to its Board of Directors
Terry Yanofsky and David Lazzarato appointed as John Bell and Peter Stringham retire from the CGC Board. SMITHS FALLS, ON—Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) is pleased to announce that Ms. Terry Yanofsky and Mr. David Lazzarato have been appointed to the Company’s Board of Directors, effective immediately. “It is my pleasure to welcome both Terry and David to the board,” said Judy Schmeling, Chair of the Board of Directors, Canopy Growth. “Their leadership and experience in highly competitive industries will be instrumental as we focus the business and evolve into an execution-driven operating company. I…
March 23, 2020
Canopy Growth’s Response to COVID-19
Canopy Growth takes the health of its employees, customers, and communities seriously. We are monitoring the rapidly-evolving COVID-19 situation and continue to make decisions based on the guidance of public health authorities. What is Canopy doing to ensure products are safe during the COVID-19 pandemic? As a licensed producer, we follow the strictest cleanliness guidelines. This means full Personal Protection Equipment, working in sterilized production spaces, and ensuring that no one feeling symptoms of illness is permitted to enter our production facility. Employees who handle products wear surgical masks, gloves, and have dedicated production clothes, and clean room overalls for…
March 17, 2020
Canopy Growth To Temporarily Close Corporate Owned Retail Amid Response To COVID-19
SMITH FALLS, ON— Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) has been monitoring the COVID-19 outbreak and paying close attention to the guidance given by public health bodies around the globe. Canopy Growth’s leadership team has made the decision to temporarily close all corporate-owned Tokyo Smoke and Tweed retail locations across Canada, effective at 5:00 p.m. local time today, March 17. “We have a responsibility to our employees, their families, and our communities to do our part to “flatten the curve” by limiting social interactions. For us, that means shifting our focus from retail to e-commerce,” said…
March 11, 2020
Canopy Growth And Terrascend Canada Enter Debt Financing Agreement
Canopy Growth completes C$80.5 million loan to TerrAscend Canada Inc. SMITHS FALLS, ON — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) and TerrAscend Canada Inc. (“TerrAscend Canada”), a wholly owned subsidiary of TerrAscend Corp. (“TerrAscend”) (CSE:TER, OTCQX: TRSSF), today announced they have entered into a loan financing arrangement in the amount of C$80.5 million (the “Loan”) pursuant to a secured debenture (the “Debenture”). In connection with the Loan, TerrAscend has issued 17,808,975 common share purchase warrants to the Company (the “Warrants”). Canopy Growth initially co-invested in TerrAscend in November 2017. On November 30, 2018, Canopy Growth announced…
March 4, 2020
Canopy Growth Announces Production Optimization Plan in Canada
The Company announces the closure of two Canadian greenhouses, representing a significant step forward in aligning the Company’s cultivation capacity with projected demand. Company expects to record estimated pre-tax charges of approximately $700-800MM in Q4 Fiscal 2020, as the Company completes its organizational & strategic review. SMITHS FALLS, ON— Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) announced today that the Company plans to close its facilities in Aldergrove and Delta, British Columbia, resulting in the elimination of approximately 500 positions. In addition, the Company no longer plans to bring a third greenhouse online in Niagara-on-the-Lake, Ontario. These…
March 1, 2020
BioSteel Launches CBD for Sport Product Line at The Vitamin Shoppe®
The leader in sports nutrition introduces line of CBD for Sport in nearly five hundred The Vitamin Shoppe locations across the United States NEW YORK, NY – BioSteel, the leading provider of purchased sports nutrition products, announced today that their new line of BioSteel CBD for Sport products are available at The Vitamin Shoppe locations across the United States. By infusing CBD into products including the renowned Sports Hydration Mix, BioSteel intends to fill a need in the market for trusted CBD products that fit into a healthy, active lifestyle. “The use and acceptance of CBD-based products in the professional…
February 10, 2020
Budding partnership reaps sustainable solutions for Niagara-on-the-Lake vineyard
Canopy Growth leases former Concession 5 Vineyard property to Niagara College SMITHS FALLS AND NIAGARA-ON-THE-LAKE, ON — It’s proving to be a vintage year for cultivating partnerships in Niagara. Thanks to a new agreement, Niagara College’s Teaching Winery will take over operations at a Niagara-on-the-Lake vineyard property owned by Canopy Growth (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC), sowing the seeds for an environmentally sustainable site and new learning opportunities for the College’s wine students. Canopy Growth announced today that the Concession 5 Vineyard, located next to its Tweed Farms greenhouses in Niagara-on-the-Lake, will be leased to Niagara College, to…
February 10, 2020
Canopy Growth Responds to the Ontario Government’s Announcement on Diversifying the Cannabis Market
“We applaud the steps the Ontario government announced today, and recognize Premier Ford and Attorney General Downey’s leadership. ” shared Canopy Growth Vice President of Government and Stakeholder Relations, Jeff Ryan. “This consultation period is the first major milestone that is required to move forward with providing Ontarians with safe, convenient access to regulated cannabis, while providing more support for private sector business opportunities.” Jeff Ryan continued, “the Ontario government has demonstrated leadership through its public policy focus on education and public health and we believe that the consultation process will ultimately continue driving adult consumers to the regulated channels.”
