SMITHS FALLS, ON and MADRID, Sept.
11, 2017 /CNW/ - Canopy Growth Corporation (TSX:WEED) ("Canopy Growth" or the "Company") and its wholly-owned subsidiary
Spektrum Cannabis GmbH ("Spektrum") are pleased to announce a supply license agreement with Alcaliber, S.A. ("Alcaliber"), a
leading player in the international pharmaceutical industry based in Spain. Alcaliber
specializes in research and development, breeding and cultivation, and the extraction, purification and preparation of Narcotic
Raw Materials ("NRMs") and Active Pharmaceutical Ingredients ("APIs"). This agreement is the first of its kind between a
Canadian cannabis company and a significant, established international pharmaceutical player.
"Entering this agreement with a large, well-recognized European partner like Alcaliber, with a proven background in controlled
substances and an ability to produce plant-based medication solidifies our commitment to diversified production capabilities not
just in Canada, but also new and emerging cannabis markets," said Bruce
Linton, Chairman & CEO, Canopy Growth. "This agreement gives us additional resources to aggressively enter the
European market where federally permitted by law, while we continue to work to establish our own complementary production
footprint for cannabis cultivation, value-add oil extraction and Softgel production in the European Union."
Alcaliber has been granted a license to cultivate, produce, manufacture, export/import, and commercialize cannabis for medical
and scientific purposes by the Spanish Agency of Medicinal Products and Medical Devices. As a result of this agreement,
Canopy Growth and Spektrum will grant Alcaliber a license to use certain strains and seeds to be grown and cultivated at
Alcaliber's facilities for sale worldwide.
"Alcaliber is really enthusiastic about pharmaceutical cannabis and our agreement with Canopy Growth and Spektrum is a perfect
symbiosis," explained Jose Antonio de la Puente, CEO, Alcaliber. "There is a clear demand for
pharmaceutical cannabis produced in accordance with pharmaceutical standards and the expertise we have developed manufacturing
narcotic derivatives for over 40 years combined with Canopy Growth and Spektrum's cannabis experience will be a great step
forward for the industry."
As a proven global leader in pharmaceuticals with an established track record of producing NRMs and APIs, as well as existing
production infrastructure and distribution networks in place, Alcaliber's involvement has the potential to meaningfully expedite
Spektrum's strategic expansion in the European market.
Hacia el crecimiento
About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis company, offering distinct brands and curated cannabis varieties in dried,
oil and capsule forms. Through its wholly‑owned subsidiaries, Canopy Growth operates numerous state-of-the-art production
facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an
unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector
names in Canada and abroad, with interests and operations spanning four continents. The Company
is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products,
conducting robust clinical research, and furthering the public's understanding of cannabis. For more information visit www.canopygrowth.com.
About Spektrum Cannabis Gmbh
Spektrum Cannabis GmbH distributes cannabis medicine products to hundreds of pharmacies across Germany. Spektrum's facility in Germany is GMP certified by the relevant
authority, Regierungspräsidium Tübingen, making it, to the Company's knowledge, the only GMP-certified cannabis processing
facility in Germany.
About Alcaliber
Alcaliber S.A. is a Spanish company founded in 1973 with an overall industrial focus, dedicated to guaranteeing the
supply of narcotic raw materials, based on the cultivation in Spain of the opium poppy and its
subsequent transformation into concentrate poppy straw, as well as the extraction of its alkaloids. Alcaliber holds a leading
position in the international industry. With over 80% of production destined for export, its products are a benchmark in terms of
safety and quality. Learn more by visiting www.alcaliber.com
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This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not
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"could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth Corporation,
Tweed Inc., Tweed Farms Inc., Mettrum Health Corp., or Bedrocan Canada Inc. to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include future
operational and production capacity, the impact of enhanced infrastructure and production capabilities, and forecasted available
product selection. The forward-looking statements included in this news release are made as of the date of this news release and
Canopy Growth Corp. does not undertake an obligation to publicly update such forward-looking statements to reflect new
information, subsequent events or otherwise unless required by applicable securities legislation.
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accepts responsibility for the adequacy or accuracy of this release.
SOURCE Canopy Growth Corporation
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