SMITHS FALLS, ON, Nov. 20, 2017 /CNW/ - Canopy Growth
Corporation (TSX: WEED) ("Canopy Growth" or "the Company") is pleased to welcome Sweetgrass Inc. ("Sweetgrass"), a Strathcona
County, Alberta-based ACMPR applicant, to Tweed's curated CraftGrow line.
Pending license approvals, Sweetgrass will supply its cannabis products via Tweed Main Street, the most diverse cannabis
marketplace in Canada. The agreement will serve to increase the amount of variety and consistency of supply available to
Tweed's registered medical cannabis customers.
The program accelerates speed to market for newly licensed producers and provides brand and product exposure by selling
partner products via www.tweedmainstreet.com to the market's largest group of actively registered customers. As recreational
markets in Canadian provinces emerge with distribution details, Canopy Growth will also work to bring its existing
CraftGrow partners through these distribution channels.
"Bringing diversity to the market has been a major differentiator for our business. Through CraftGrow partners like
Sweetgrass, our recent collaboration with Green House Seeds and Organa Brands, and a wealth of other sector-leading partnerships,
we're leading the way towards a diverse marketplace for cannabis products in Canada," said
Mark Zekulin, President, Canopy Growth. "Through provincial distribution channels, brick and
mortar locations, and our online Main Street e-commerce platform we are diversifying our ability to deliver a one-stop shopping
experience to consumers and provincial bodies alike."
The CraftGrow program provides Sweetgrass direct access to Canopy Growth's extensive operational, distribution,
marketing and sales infrastructure through the Tweed Main Street online marketplace where a new order is placed on average every
ninety seconds. Its sector-leading fulfillment centre then ships these orders to customers across the country, at a rate of 1
gram every 4 seconds.
The 115,000 square foot Sweetgrass facility is headquartered in close proximity to Canopy Growth's existing Edmonton facility and is currently in the fit-up phase with product expected, pending appropriate licensing,
by summer 2018. Collectively, their core founding team represents over 75 years of financial, construction, development, design,
and managerial experience. Grow Superintendent, Ryan Murray, is an award-winning cannabis producer
with a long history of serving medical patients in the MMAR program.
"Sweetgrass Inc. is a privately held company which combines sound business practices, visionary thinking, and an award-winning
grow team. Our focus is producing outstanding products by evolving and refining strains to create exquisite genetics," said
Kathren McMaster, Chief Communications Officer, Sweetgrass Inc. "'Quality High' defines our brand.
Strong, qualified business leadership, creative vision, and horticultural expertise define our company. Sweetgrass is proud to be
selected by Canopy Growth Corporation to be part of the CraftGrow line-up. We value this opportunity to share our brand
and high quality product with Canadian patients and regulated recreational consumers."
Here's to Good New Neighbours and Future Growth.
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 700k sq. ft. of licensed production, over 500k sq. ft. of which is GMP-certified. Looking forward to 2018,
Canopy Growth and its affiliates are developing a production patform that will represent 3.2 million sq. ft. of indoor and
greenhouse production capacity, all operated with world-leading production, quality assurance procedures, value-add post
processing, research, and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning seven countries and 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 Sweetgrass Inc.
Sweetgrass is a Canadian medical-grade cannabis company based in Strathcona County, Alberta, and current ACMPR licence applicant. Combining sound business practices, visionary thinking, and an
award-winning grow team is the core business model at Sweetgrass Inc. Moving forward, the company will offer quality cannabis
products to the Canadian market supported by top-tier services. Sweetgrass hopes to change the way the world thinks about medical
cannabis and will continue to focus on evolving and refining strains to produce high-quality genetics for medical cannabis
patients across the country. Learn more at www.sweetgrass.ca
Notice Regarding Forward Looking Statements
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
anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may",
"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, its
subsidiaries, or its affiliates 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 Corporation 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.
SOURCE Canopy Growth Corporation
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