Press Releases
April 20, 2020
Canopy Growth CBD brand “First & Free” adds topicals to product portfolio
Containing 2500 mg of CBD per tube, creams are the highest strength CBD topical in the US NEW YORK, NY (April 20, 2020) First & Free, an American-made CBD brand from Canopy Growth Corporation (TSX:WEED, NYSE:CGC), today announced a new line of CBD Creams: Everyday, Motion and Revitalize. The creams are the latest addition to First & Free’s portfolio of hemp-derived CBD isolate products including oil drops and softgel capsules, which launched exclusively in the U.S. last December. The new product line includes three distinct topical creams with CBD isolate that has been derived from 100% USA-grown hemp. Each 1.76…
April 16, 2020
Canopy Growth Announces Changes to Global Operations to Drive Strategic Focus
– These actions will further align global supply and demand, streamline operations and improve organizational focus. – Company continues to expect to incur approximately C$700-800MM pre-tax charge in Q4 Fiscal 2020. SMITHS FALLS, ON—Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) today announced a series of global operational changes designed to further optimize production, better align supply and demand, and improve efficiencies in its global operations. As part of its ongoing strategic review of the business, the Company announced today the following changes to its operations: Africa: Canopy Growth plans to exit its operations in South Africa and…
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 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…
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 7, 2020
Canopy Growth To Announce Third Quarter Fiscal 2020 Financial Results
SMITHS FALLS, ON—Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) will release its financial results for the third quarter fiscal 2020 ended December 31, 2019 before financial markets open on February 14, 2020. Following the release of its third quarter fiscal 2020 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Mike Lee, EVP & CFO at 10:00 AM Eastern Time on February 14, 2020. Webcast Information A live audio webcast will be available at: https://event.on24.com/wcc/r/2171215/8311836AC24F7988B042B4BB0FA5622A Replay Information A replay of the call will be accessible by webcast until 11:59 PM ET on May 14,…