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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining 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 range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Bullboard Posts
Comment by Gustoeson Apr 10, 2014 9:06am
259 Views
Post# 22434033

RE:Gov scandal

RE:Gov scandalThat Vsun article was interesting for sure.... though it definitely seemed a little on the critical side...... the whole industry is obviously in an infant/growing/transitional stage between license systems, supply/demand issues, procedural hiccips, etc. etc.... There are going to be bumps in the road but I'm pretty sure Tweed and Health Canada have the tools and resources to establish the facilities, business, systems in question. Time for everyone to relax. Tweed's news release today addressed some of the concerns pointed out which was nice.


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Tweed Marijuana is further providing an update with respect to a shipment of medical marihuana plants that its wholly owned subsidiary Tweed Inc. ("Tweed") had sought to acquire from certain growers licensed under the Marihuana Medical Access Regulations (MMAR), which has been held by the RCMP while it reviewed details of the shipment. No amount has been paid by Tweed for the medical marijuana in question and, in accordance with the terms of the contracts between Tweed and the vendors, no payment will occur. Tweed will not be proceeding with the planned transfer of material.

Tweed does not anticipate making any further such acquisitions from growers licensed under the MMAR because the regulatory deadline for such transfers was April 1, 2014. Despite the unique challenges encountered with respect to the transfer referenced above, Tweed's acquisition program was highly successful in that the Company will now be able to offer an additional 60 strains of medical grade marijuana to its customers with a wide range of THC and CBD levels.

Tweed wishes to confirm to its customers that every product sold by Tweed spends its entire life cycle A from seed or clone to sale A in Tweed'sSmiths Falls facility and is grown in accordance with the strict requirements in place under the Marihuana for Medical Purposes Regulations. It is Tweed's policy to advise customers if ever that is not the case for any product it makes available.





Palbertan wrote: Did you guys read this news report yet?

WHO GREW YOUR MEDICINE?

Last week, both Tweed and Mettrum had loads of marijuana seized from the same Kelowna airport. Media reports described Tweed’s shipment as 55 varieties of “plants, seeds and in-production plant materials” from multiple growers across BC.

Licensed Producers are desperate for product, since Health Canada has been so slow in processing their applications that most of them haven’t had time to grow any of their own cannabis.

So instead of buying seeds and cuttings as a genetic base, as the rules intended, they’ve been buying mature plants, ready to harvest. This way they can clip the buds, dry them and then flip them to patients. Some have been going further, buying freshly cut buds for resale. This is the so-called “in production plant materials” they’re referring to.

What this means is that companies who have been advertising their high-quality production and inspection methods, are apparently now reselling pot grown in basements.

The seized marijuana all came from Designated Growers who were licensed to grow for up to two patients each under the old system. These are the same home gardens which Health Canada ordered to be shut down, claiming that they are all mold-ridden, unsafe and unhealthy. Yet at the same time, it’s allowed for these growers to sell their product to the newly Licensed Producers, who can then flip it to patients at a profit? How does any of this make sense?

For Tweed and Mettrum, this police action almost certainly means their shipments are lost forever. Even if they get it back from the cops at some point, any plants and undried buds will be ruined after a week in police custody. Not even the recommended gamma irradiation will fix that!

BREAKING THE RULES

Aside from questions about the propriety of reselling home grown bud as if they grew it themselves, there are other issues.

Health Canada never bothered to inspect any of the patients growing their own marijuana, or their designated growers. (They also do a piss-poor job overseeing pharmaceuticals, and those things can actually be dangerous!) So why would anyone presume that Health Canada will be on the ball when it comes to overseeing and inspecting what will soon be hundreds of these licensed producers?

So far there’s only a dozen of these companies with licenses, but already they’re bending the rules. For instance, these companies are not supposed to advertise, yet I see ads for Mettrum and Zenabis on Facebook and other websites every day. What’s up with that? If they can so easily get around Health Canada on something so obvious as public advertising, then clearly the regulations are a joke.

Health Canada is the wrong agency to be creating and overseeing the medical marijuana program. In Canada, health care is provincial jurisdiction. It’s time for the provinces to step up and assert their proper role in meeting the needs of patients in getting access to this healing herb.

Better yet, let’s legalize marijuana for all adults, plus let everyone grow a few plants of their own, and we won’t need this complex system for medical access. That is the real solution.

and pls join this stockhouse cannabis group...easy link here >https://www.stockhouse.com/cms/dialogs/CMSModules/Groups/CMSPages/JoinTheGroup.aspx?groupid=1568



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