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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 Interpolation1on Jun 28, 2016 9:21am
93 Views
Post# 25004138

RE:RE:RE:NR: JV Announced with Entourage Phytoblab ... Brazil

RE:RE:RE:NR: JV Announced with Entourage Phytoblab ... BrazilTHIS version of the NR makes it clear it is the Canadian Subsidiary.  Also ... a nice spin on the financials!

Canopy Growth moving into Brazil's pot market

 

TORONTO — Canopy Growth Corp., the largest of Canada's publicly traded marijuana companies, is preparing to export its expertise through a new Brazilian partnership.

Canopy's Bedrocan subsidiary and its Brazilian partners have created a new company to import proprietary varieties of cannabis into Brazil — a country with a population of 200 million.

Initially, Bedrocan Brazil will import cannabis products into Brazil from Canada or the Netherlands.

Eventually, the company will establish domestic cultivation facilities in Brazil using Bedrocan's genetic material and cultivation technology.

The Canadian company will also partner with Sao Paulo-based Entourage Phytolab SA to develop medical cannabis products for the Brazilian and international markets.

Entourage will be responsible for developing the standardized cannabis extracts for pre-clinical and clinical trials. Canopy anticipates that the clinical trials will be completed by the end of 2017.

On Monday, Canopy reported that it generated $12.7 million of revenue and a $3.5 million loss in its 2016 financial year, an improvement from the $2.4 million in revenue and $9.35 million loss in fiscal 2015

 

TruDat wrote: Great news!

Although why is Bedrocan International involved?  I thought Bedrocan Canada had exclusive rights to Central and South America.   Either way, 200 Million is a huge market for medical cannabis (even bigger if it becomes legal there too!). 

I also wonder if Tweed is able to compete in Brazil after this deal.  

Cheers, 

TruDat


Bullboard Posts