VANCOUVER, March 27, 2019 /CNW/ - Canopy Growth Corporation
("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) is
pleased to welcome Houseplant, a new brand of Canadian cannabis, to
the Canopy Growth family today. Founded by Seth Rogen and Evan
Goldberg, Houseplant represents years of product expertise
and an unmatched attention to detail within each strain that has
been carefully selected and grown.
Commitment to cannabis quality begins with selecting the best
genetics and doesn't stop until the customer opens the jar. Canopy
Growth has witnessed how carefully Houseplant has chosen each
component of their offering to deliver the highest quality product
to Canadians.
Under the terms of the partnership, Houseplant will lean on the
production and distribution capabilities of Canopy Growth and its
licensed subsidiaries to ensure an ample supply of Houseplant
flower, Softgel, and pre-rolled formats are rolled out in
Canada over the coming months.
Through a minority ownership in the new business venture, Canopy
Growth will help Houseplant scale quickly and support Houseplant's
long-term success.
Canopy Growth has worked closely with Houseplant for almost two
years and the entire Canopy Growth team is deeply impressed by
their understanding of the cannabis consumer, attention to detail,
and hands-on approach to this new partnership. "We could not
be more excited to partner with Seth, Evan and the entire
Houseplant team. Together we will make Houseplant a cannabis brand
synonymous with quality everywhere it is available," said
Mark Zekulin, President and Co-CEO
of Canopy Growth.
View Houseplant's own release here.
Here's to Future (proudly Canadian) Growth.
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 ingrained in all
we do at Canopy Growth. Canopy Growth operates ten licensed
cannabis production sites with over 4.3 million square feet of
production capacity, including over 1 million square feet of GMP
certified production space. For more information visit
www.canopygrowth.com.
About Houseplant
Houseplant is a Canadian cannabis
company founded by Seth Rogen,
Evan Goldberg and partners,
including United Talent Agency (UTA). Houseplant is owned in
partnership with Canopy Growth Corporation and offers strains of
dried flower cannabis, softgel capsules and pre-rolled joints
across Canada. The company is
operated by a proud team of Canadians out of Toronto and is dedicated to quality,
education, guidance, and elevation of cannabis to enhance the lives
of Canadians.
Notice Regarding Forward Looking Statements
This news
release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and "forward-looking information" within the meaning of applicable
Canadian securities legislation. Often, but not always,
forward-looking statements and information 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 or information involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Canopy Growth or its
subsidiaries to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements or information contained in this news
release. Examples of such statements include statements with
respect to future product format offerings. Risks, uncertainties
and other factors involved with forward-looking information could
cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking information, including the Company's
ability to satisfy provincial sales contracts or provinces
purchasing all cannabis allocated to them, and such risks contained
in the Company's annual information form dated June 27, 2018 and filed with Canadian securities
regulators available on the Company's issuer profile on SEDAR at
www.sedar.com. Although the Company believes that the assumptions
and factors used in preparing the forward-looking information or
forward-looking statements in this news release are reasonable,
undue reliance should not be placed on such information and no
assurance can be given that such events will occur in the disclosed
time frames or at all. The forward-looking information and
forward-looking statements included in this news release are made
as of the date of this news release and the Company does not
undertake any obligation to publicly update such
forward-looking information or forward-looking information to
reflect new information, subsequent events or otherwise,
unless required by applicable securities laws.
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SOURCE Canopy Growth Corporation