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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

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Post by TinTorontoon Oct 16, 2019 9:20pm
190 Views
Post# 30238516

Vape pens, chocolates and drinks: what will be on sale...

Vape pens, chocolates and drinks: what will be on sale...


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Canadians will soon be able to take a puff from a cannabis vape pen, sip a drink whose intoxicating kick comes from THC or nibble a pot-infused chocolate.

One year after Canada legalized recreational marijuana, a second wave of products is about to be approved that can be vaped, eaten or slathered on your skin.

Regulations governing a huge array of new cannabis products go into effect Oct. 17. But companies must give 60 days’ notice to Health Canada about new products, so nothing will be on sale until mid December at the earliest.

We checked with major cannabis companies to get an idea of what products they plan to sell first.

Expect many varieties of vape pens. And some drinks, chocolates, candy and perhaps cookies.

The approval of cannabis vape pens comes in the midst of an outbreak of lung ailments and deaths in the U.S. associated with vaping. Both cannabis company executives and Health Canada say the cannabis vape oil that will be sold here must meet nation-wide health and safety regulations. Many of those who fell ill in the U.S. were vaping contaminated black-market cannabis oil.

Products in three new categories — edibles, concentrates like the oil in vape pens, and topicals like lotions — will appear gradually in stores, says Health Canada. More than 40 cannabis companies have notified Health Canada they intend to make products under the new regulations.

Cannabis vape products from Canadian cannabis producer Aphria, which plans to sell them as soon as Health Canada gives approval. The smaller white device on the far left and the black Riff one in the middle are disposable vape pens. The small containers are cannabis oil cartridges, which are attached to rechargeable batteries, as shown in the green device at far right. Source: Aphria JPG

Health Canada officials will review each product and package for compliance with hundreds of regulations meant to ensure they are safe, contain a controlled amount of THC and don’t promote the use of pot.

The plain-ish packages are plastered with health warnings, just like the containers used for the dried weed and cannabis oils that became legal a year ago.

Expect cannabis candy to look more like a cough drop than a gummy bear. Companies can’t sell anything that might appeal to children.

Here’s an idea of what to expect:

Vape pens and cartridges

Major companies plan to have vape pens on sale as soon as they are approved.

Expect a variety of devices: disposable pens that are thrown away or recycled after the oil is vaped; cartridges filled with oil that are used with rechargeable batteries; and oil “pods” for devices that are similar to the popular Juul e-cigarettes.

Cannabis executives look at trends in U.S. states that have legalized marijuana. Vape pens containing cannabis concentrates have grown steadily in popularity

Aphria Inc., one of Canada’s largest cannabis companies, is betting heavily on the popularity of vaping. Company officials offered this prediction Tuesday during a conference call with investors: they expect vape pens to capture 20 to 30 per cent of the Canadian cannabis market, dried flower 60 per cent and other categories like edibles and topicals the remainder.

The company is focused on rolling out vape products under its brands Solei, Good Supply and RIFF.

While products will be ready in mid-December, Aphria official Tamara Macgregor said she doesn’t expect they will be on sale until early in 2020. Wholesalers such as the Ontario Cannabis Store aren’t expected to start placing their orders until after the 60-day notice period is over, and it will probably take a few weeks to list, stock and ship the new products, she said.

Aphria also has a deal with U.S. compamy dosist, which sells disposable vape pens popular in California, to manufacture the product here.

These six types of disposable dosist vape pens will be sold in Canada, says the company.JPG

The Juul of cannabis vape pens will also be among the new products arriving on shelves.

Four Canadian cannabis companies — Aphria, Aurora Cannabis Inc., Organigram Holdings Inc. and Supreme Cannabis Co. — have a deal with Pax Labs Inc., the company that makes the Pax Era, a device that uses pods similar to those found in Juul e-cigarettes. (Pax Labs founded Juul, which is now a separate company.)

New Brunswick-based Organigram, for instance, will manufacture cannabis oil pods for Pax under its Edison brand.

Organigram also has a deal with disposable pen company Feather to produce Edison-branded pens, and will sell cannabis oil cartridges under its Trailblazer brand.

Aurora Cannabis will unveil a wide array of vaping products, including disposable pens branded Aurora and San Rafael ’71.

A spokesperson for Canopy Growth Corp. says the company has developed its own state-of-the art vaping hardware. It also plans a full vape line, but products and brands will be revealed later.

Cannabis drinks

Canopy is the big player when it comes to cannabis drinks. The huge U.S. beverage company Constellation Brands, maker of Corona beer, invested $5 billion into Canopy to jointly create cannabis drinks.

They are being bottled in a plant at the company headquarters in Smiths Falls.

Some drinks will be sparkling, other flat. Most will have virtually no calories. There will be “more than 10” drinks released initially, with more later in the year, said Jordan Sinclair, the company’s vice-president of communications. Some will carry the company’s familiar brand names that might include Tweed and Tokyo Smoke, but new brands will also be introduced.

That’s all he’s saying for now. The company doesn’t want to tip off competitors and plans its own promotion to introduce the drinks later this month.

Sinclair says Canopy has developed the technology to surmount one of the major drawbacks of edible cannabis products: it can take anywhere from half an hour to two hours for the intoxicating effects to kick in.

That’s obviously not ideal for social occasions when people are used to having a drink. Sinclair sees a day in the future when people will go to a bar and order a cannabis drink, or have one with dinner at a restaurant. No one wants to start feeling tipsy hours later.

Sinclair says the Canopy drinks will be “rapid onset,” a goal that is also being chased by other cannabis companies.

Organigram, for instance, says it will sell a tasteless, odourless cannabis drink powder that can be dissolved in water or another liquid that takes effect in 10 to 15 minutes. The powder will be available in the first half of 2020, says Ray Gracewood, the company’s senior vice-president of marketing and communications. Organigram is also planning a line of cannabis chocolates, both truffles and bars, that will roll out around the same time, he said.

Gatineau’s Hexo Corp. is also betting big on drinks, and has a joint partnership with Molson Coors Canada to develop them under the brand Truss. Earlier this year Hexo said Truss drinks would be available as soon as regulations allowed, but spokespeople for Truss declined to comment before disseminating their news release on Oct. 17.

Chocolates and other sweets

The former Hershey chocolate factory that now houses Canopy Growth’s Tweed facility in Smiths Falls will be producing sweets again, but this time they will be infused with cannabis.

Canopy’s chocolates produced with partner Hummingbird, an award-winning chocolatier based in Almonte, will be ready for sale as soon as Health Canada gives the go-ahead, says Sinclair.

The production lines are ready.

Sinclair said the company is counting on standing out from what could become a crowded field of cannabis sweets with a high-quality chocolate.

Aurora Cannabis plans to roll out mints, gummy candies and baked goods in the first wave of products, said Chief Corporate Officer Cam Battley. He declined to list the baked goods, but said cookies “are a pretty good assumption.”

Aurora, Canada’s second largest cannabis company, plans to sell vape pens and gummy candies when Canadian regulations expand to allow those products after Oct. 17, 2019. Aurora.com JPG

Companies are responsible for making sure cannabis confections don’t appeal to children, a requirement that Health Canada says restricts the use of “bright colours, references to a cartoon character, certain flavours, or candy-shaped products.”

Health Canada officials also say they are concerned about people accidentally eating too much, since intoxicating effects are delayed.

That’s the reason behind requirements that individually-packaged candies, cookies and other treats can contain a maximum of 10 mg of THC. In American states, that is generally considered a serving size, although Health Canada warns that cannabis affects everyone differently, and 10 mg may be too much for new users. They suggest starting with a product containing 2.5 mg or less, and waiting until effects are felt before eating or drinking more.

jmiller@postmedia.com

twitter/com/JacquieAMiller


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