Martha Stewart to join as advisor on hemp-derived CBD
products
SMITHS FALLS, ON and
NEW YORK, Feb. 28, 2019 /CNW/ - Canopy Growth Corporation
("Canopy Growth" or "the Company") (TSX: WEED) (NYSE: CGC) and
Sequential Brands Group, Inc. ("Sequential") (NASDAQ: SQBG)
announced today that Martha Stewart has joined the Company in an
advisory role to assist with developing and positioning a broad new
line of product offerings across multiple categories.
![Martha Stewart to join as advisor on hemp-derived CBD products (CNW Group/Canopy Growth Corporation) Martha Stewart to join as advisor on hemp-derived CBD products (CNW Group/Canopy Growth Corporation)](https://mma.prnewswire.com/media/828374/Canopy_Growth_Corporation_Canopy_Growth_and_Sequential_Brands_Gr.jpg)
With decades of success in publishing, broadcasting, online and
merchandising, Martha Stewart has firmly cemented herself as one of
the most well-respected businesswomen in the United States. Along with a deep
understanding of what consumers in the
United States and around the world want, Martha has been one
of the most vocal advocates for animals, championing the health and
wellness of pets and farm animals alike. With several clinical
trials underway, Canopy Growth will be leaning on Martha's vast
knowledge of consumer products while exploring the effectiveness of
CBD and other cannabinoids as they relate to improving the lives of
both humans and animals.
"I am delighted to establish this partnership with Canopy Growth
and share with them the knowledge I have gained after years of
experience in the subject of living," said Martha Stewart. "I'm
especially looking forward to our first collaboration together,
which will offer sensible products for people's beloved pets."
"As soon as you hear the name Martha, you know exactly who we're
talking about," shared Canopy Growth Chairman and co-CEO,
Bruce Linton. "Martha is one of a
kind and I am so excited to be able to work alongside this icon to
sharpen our CBD product offerings across categories from human to
animal."
As previously reported in January
2019, Canopy Growth has developed diverse product offerings
specific to hemp-derived CBD and the Company looks forward to
working closely with Martha Stewart as they further develop and
introduce these products to market in the future. Canopy Growth
previously reported that it will invest between $100 and $150
million in a hemp industrial park in New York State with an intended purpose of
being the Company's first hemp facility in the United
States.
Here's to Future Growth (it's a good thing).
About Martha Stewart
Martha Stewart is an Emmy
Award-winning television show host, entrepreneur, trusted lifestyle
expert and teacher. She is also bestselling author of 94 books
which have been published by Clarkson
Potter, who continues to partner with the brand on new
culinary titles. Millions of people rely on Martha Stewart as a
source of useful "how-to" information for all aspects of everyday
living - cooking, entertaining, gardening, home renovating,
collecting, organizing, crafting, holidays, healthy living and
pets. The Martha Stewart brand reaches approximately 100 million
consumers across all media and merchandising platforms each month.
Her branded products can be found in over 70 million households and
have a growing retail presence in thousands of locations.
About Sequential Brands Group, Inc.
Sequential Brands Group, Inc. (NASDAQ:SQBG) owns, promotes,
markets, and licenses a portfolio of consumer brands in the
fashion, active, and home categories, which includes the Martha
Stewart media and merchandising properties. Sequential seeks to
ensure that its brands continue to thrive and grow by employing
strong brand management, design and marketing teams. Sequential has
licensed and intends to license its brands in a variety of consumer
categories to retailers, wholesalers and distributors in
the United States and around the
world. For more information, please visit Sequential's website at:
www.sequentialbrandsgroup.com. To inquire about licensing
opportunities, please email: newbusiness@sbg-ny.com.
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. Canopy Growth offers medically approved
vaporizers through the Company's subsidiary, Storz & Bickel
GMbH & Co. KG. 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
over a dozen 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 wholly
owned subsidiary, Canopy Health Innovations ("Canopy Health"), has
devoted millions of dollars toward cutting edge, commercializable
research and IP development. Canopy Growth works with the Beckley
Foundation and has launched Beckley Canopy Therapeutics to research
and develop clinically validated cannabis-based medicines, with a
strong focus on intellectual property protection. Canopy Growth
acquired assets of leading hemp research company, ebbu, Inc.
("ebbu"). Intellectual Property ("IP") and R&D advancements
achieved by ebbu's team apply directly to Canopy Growth's hemp and
THC-rich cannabis genetic breeding program and its cannabis-infused
beverage capabilities. 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, Battelle, the world's largest nonprofit research and
development organization, 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. The Company operates Tweed retail
stores in Newfoundland and
Manitoba and has entered into
supply agreements with every Canadian province and territory. For
more information visit www.canopygrowth.com
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 new product 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 an 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