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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis and consumer packaged goods (CPG) company. The Company delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space. Its CPG portfolio includes gourmet wellness products by Martha Stewart CBD, and vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution, and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a diverse range of cannabis, hemp, and cannabis products in Canada. Its Rest-of-world cannabis segment includes the production, distribution, and sale of a diverse range of cannabis and hemp products internationally. Its Storz & Bickel segment includes the production, distribution, and sale of vaporizers.


TSX:WEED - Post by User

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Comment by Peytonon Oct 19, 2018 7:03pm
73 Views
Post# 28838942

RE:Canopy News Partners= Almonte chocolate-maker Hummingbird

RE:Canopy News Partners= Almonte chocolate-maker HummingbirdThanks freedom!! 


Free55dom wrote: I don't think these type of partners are priced in, this and much more upcoming news will launch our stock to new all time highs.


ADJUSTCOMMENTPRINT

Having won the Academy of Chocolate’s 2016 Golden Bean for making the world’s best bean-to-bar chocolate, the Almonte couple behind Hummingbird Chocolate Maker have to wonder if one day their company might be comparably recognized by the High Times Cannabis Cup.

That’s because Hummingbird, which was launched in 2011 by Erica and Drew Gilmour, recently partnered with Canopy Growth Corp., the Smiths Falls-based, publicly traded marijuana company, to press ahead with creating a THC-laced chocolate product that could arguably appeal to gourmets who fancy a tasty buzz.

There is, of course, one big proviso. Production of such a product could only begin “if and when it becomes legal to do so,” Erica Gilmour says.

While recreational cannabis became legal in Canada this week, the legalization of edible pot products, which are hugely popular in other markets, has been put off because regulating them is especially complex.

Hummingbird is one of the few Canadian companies that makes chocolate from scratch from cacao beans. Some of their high-end bars, which are carried in about 50 Ottawa stores, including Farm Boy locations, showcase single-origin chocolate that has been made from one variety of cacao harvested in one region.

Canopy Growth, whose CEO is Ottawa businessman Bruce Linton, wants Hummingbird to take the same uncompromising approach to make cannabis-laced chocolate, Drew Gilmour says.

“What is really extraordinary is that they want to do it directly from cacao beans,” whereas U.S. cannabis producers making chocolate products buy their chocolate from multinational companies, Gilmour continues.

“You’re not sure of the quality of chocolate or how the chocolate was produced or if the cacao beans were produced ethically,” he says.

But Canopy has taken “the laborious step, the really hard step, of making the chocolate from scratch. That’s really something unique,” he says.

Canopy Growth’s Linton calls partnering with Gilmours, who are based about 40 minutes away from the Smiths Falls facility, “a totally right fit.” Linton said he wanted to “do this really right and make sure everyone does well by it.”

Regardless of what happens regarding edible cannabis products in Canada, the Canopy-Hummingbird partnership will produce chocolate for sale, even if it contains no cannabis. Linton is pleased that his facility, which is the former Hershey plant in Smiths Falls, will once again produce chocolate.

He said he jokingly tells people that he bought the Hershey plant, which closed in 2008 after 45 years of operation, because he “needed to find out why the Oompa Loompas were so happy.

“A big place that makes marijuana and chocolate, people generally appreciate the symmetry of that,” he added.

“A big place that makes marijuana and chocolate, people generally appreciate the symmetry of that,

Most of the equipment needed to make chocolate has been installed at the Smiths Falls facility, Erica Gilmour says. She said that in the next few months, the facility should be able to make chocolate “just to get ready for possible legalization.”

The Gilmours will help manage chocolate production there, but Hummingbird chocolate proper will continue to be made in Almonte. The two product lines will “continue to be completely separate,” Erica Gilmour says.

It hasn’t been decided how the products of the Canopy-Hummingbird partnership will be branded. Meanwhile, Canopy Growth will make recreational marijuana products under the Tweed brand and medical marijuana products under the Spectrum brand.

Erica Gilmour is piqued by the challenge of creating a truly tasty blend of chocolate and cannabis.

“It’s an interesting thing from a taste perspective, because cacao beans have a very unique flavour based on the origin of the bean and how they’re treated.

“I think there’s an opportunity here to play with the flavours of cannabis, and maybe pair those with different cacao beans. We’re still in the early stages … so we’ll see how all that plays out.”

Says Drew Gilmour: “It’s going to be a three-ingredient product. Cacao beans, sugar and cannabis. … We may add some flavours.”

He even brings “terroir” — the notion beloved by foodies that food and wine reflect and reveal where they came from — into the conversation.

“With regard to the THC, it’s grown right here, and with regard to the cacao beans, we go down south, we meet the farmers and their families and their communities and we see it being cultivated,” Drew Gilmour says. “It’s really an interesting story about origin and terroir.”

Could the Gilmours see one of their cannabis chocolate products one day vie for an award for the best edible?

“That’s certainly possible,” Erica Gilmour says.

U.S. chocolate-and-cannabis products have been made and been honoured by the Cannabis Cup, the couple says.

“I’d just be really amazed if it (the Cannabis Cup) didn’t come to Canada,” Drew Gilmour says.

https://ottawacitizen.com/news/local-news/eyeing-legal-edibles-weed-giant-teams-up-with-almonte-chocolate-maker-hummingbird




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