Brink’s Announces Partnership with Canopy Growth
November 08 2018 - 4:05PM
Brink’s to Provide Secure Logistics and
Cash Management Services to Canada’s Largest Cannabis
Producer
The Brink’s Company (NYSE:BCO), the global leader in total
cash management, secure route-based logistics and payment
solutions, today announced that its Brink’s Canada subsidiary has
entered into a multi-year agreement with Canopy Growth Corporation
(NYSE:CGC; TSX:WEED) to provide secure logistics and cash
management services for Canopy Growth’s domestic and international
cannabis operations. Based in Smiths Falls, Ontario, Canopy
Growth is a global leader in cannabis production, retailing and
related services. On October 17, 2018, cannabis became legal
in Canada for recreational use.
In addition to providing secure logistics and cash management
services, Brink’s and Canopy Growth will develop a cross-selling
program that enables Brink’s to provide services to Canopy Growth’s
affiliated growers and retail customers. Canopy Growth’s
international transportation and security needs will be provided by
Brink’s Global Services (“BGS”), a Brink’s subsidiary that provides
secure logistics for international shipments of high-value
commodities.
Doug Pertz, Brink’s president and CEO, said: “The rapidly
growing cannabis industry requires security solutions for its
products as well as its cash, and Brink’s is uniquely positioned to
provide these solutions. Our partnership with Canopy Growth,
a leading producer and exporter of cannabis, diversifies our
customer base and leverages BGS’ global network of secure logistics
operations. We look forward to building a strong relationship
with Canopy Growth as it grows throughout Canada and continues to
enter new international markets.”
About The Brink’s CompanyThe Brink’s Company
(NYSE:BCO) is the global leader in total cash management, secure
route-based logistics and payment solutions including
cash-in-transit, ATM services, cash management services (including
vault outsourcing, money processing and intelligent safe services),
and international transportation of valuables. Our customers
include financial institutions, retailers, government agencies,
mints, jewelers and other commercial operations. Our global
network of operations in 41 countries serves customers in more than
100 countries. For more information, please visit our website
at www.Brinks.com or call 804-289-9709.
About Canopy Growth Corporation Canopy Growth
is a world-leading diversified cannabis and hemp company, offering
distinct brands and curated cannabis varieties in dried, oil and
Softgel capsule forms. From product and process innovation to
market execution, Canopy Growth is driven by a passion for
leadership and a commitment to building a world-class cannabis
company one product, site and country at a time. The Company has
operations in 12 countries across five continents. The Company is
proudly dedicated to educating healthcare practitioners, conducting
robust clinical research, and furthering the public's understanding
of cannabis, and through its partly owned subsidiary, Canopy Health
Innovations, has devoted millions of dollars toward cutting edge,
commercializable research and IP development. Through partly owned
subsidiary Canopy Rivers Corporation, the Company is providing
resources and investment to new market entrants and building a
portfolio of stable investments in the sector. From our historic
public listing on the Toronto Stock Exchange and New York Stock
Exchange to our continued international expansion, pride in
advancing shareholder value through leadership is engrained in all
we do at Canopy Growth. Canopy Growth has established partnerships
with leading sector names including cannabis icon Snoop Dogg,
breeding legends DNA Genetics and Green House seeds, and Fortune
500 alcohol leader Constellation Brands, to name but a few. Canopy
Growth operates ten licensed cannabis production sites with over
4.3 million square feet of production capacity, including over
500,000 square feet of GMP certified production space. For more
information visit www.canopygrowth.com
Contact:Investor Relations804.289.9709
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