SMITHS FALLS, ON, March 23, 2017 /CNW/ - Tweed Inc. ("Tweed"),
a wholly-owned subsidiary of Canopy Growth Corporation (TSX: WEED)
("Canopy Growth" or "the Company"), is pleased to announce the
licensing of additional facilities at its flagship Smiths Falls campus, including new grow rooms
that will increase flowering space by 50 percent.
"This phase of construction evolves our design and comes in on
time and on budget. We've found operational efficiencies that we
believe make our existing and newly licensed rooms materially more
efficient than they were two years ago. This means more
products to market and more variety for customers," said
Bruce Linton, Chairman & CEO,
Canopy Growth.
Tweed has also received licensing approval for a number of
additional rooms targeted at value-added production and operational
expansion, including several new fulfilment rooms that will triple
Tweed's order fulfilment capacity.
"While more growing space is imperative to our ability to meet
demand, we also must be able to scale with increasingly more
sophisticated processes and facilities to accommodate rapidly
accelerating order demand today and into the future," said
Linton.
Following the recent purchase of the 470,000 sq. ft. Hershey
Drive campus, expansion work is now fully underway to further
increase growing space, value-add processing, product formulation
and logistics facilities at the Tweed campus.
Here's to future growth (and shipments).
About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis company,
offering diverse brands and curated cannabis strain varieties in
dried and oil extract forms. Through its wholly‑owned subsidiaries,
Canopy Growth operates numerous state-of-the-art production
facilities with over half a million square feet of indoor and
greenhouse production capacity. Canopy Growth has established
partnerships with leading sector names in Canada and abroad. For more information visit
www.canopygrowth.com.
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
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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, 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.
Neither the TSX Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Canopy Growth Corporation