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Back to even after that dip...
Cheers to that! TGIF
GREEN
Bang on IMO
What price point did Constellation buy in at? What is the price of WEED now?
Big picture!
Wowzers!!
Yup. I’m BETTING on it!
Very nice close!!!
Looks like U sold a big chunk.
GREEN. Another very nice day and up roughly 2.5%. I’ll take that everyday!
Oil now at $64. If this stays or goes higher, Crescent will continue to recover nicely along with the battered sector...
Feel strongly that we have a pretty solid base here.
To the Toppermost of the Poppermost!!!
SWEET!!!
Canopy Growth enters multifaceted MOU with Prince Edward Island
Source: PR Newswire (Canada)
Major supply and education partnership to help ensure Province Ready for Regulated Recreational Cannabis
SMITHS FALLS, ON & CHARLOTTETOWN, PEI, Jan. 16, 2018 /CNW/ - Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or the "Company") and the Province of Prince Edward Island ("PEI") today announced that the Company has entered a supply Memorandum of Understanding ("MOU") to guarantee a regulated supply of high-quality cannabis into PEI's retail and online stores.
Under the terms of the MOU Canopy Growth will allocate a minimum supply of 1,000 kg of high-quality cannabis for the first year of the agreement to ensure that the Province has access to a wide variety of cannabis products. The two-year supply agreement will renew for a third-year upon mutual agreement of the Company and Province.
Complementing the supply arrangement and in collaboration with a number of its key partners, Canopy Growth has also designed educational resources to assist the Province in developing best-in-class education for its staff and stores.
Canopy will provide dedicated training modules on general cannabis information and responsible use so that PEI customers can enjoy informed, positive and safe experiences when cannabis becomes legal for recreational purposes. These modules have been developed by applying the expertise and collective experiences of Canopy's 100+ person Care Team, its "bricks and mortar" customer support centres, and the team of early compassion club founders now working at Canopy who have spent decades educating people from all backgrounds about cannabis use.
In building the educational resources Canopy drew upon the strength and expertise of its partners MADD Canada, the Canadian AIDS Society, and leading e-learning partner D2L to develop evidence-based materials in line with the public health and public safety mandates of some of Canada's leading advocacy voices.
Based on the production capabilities across the Canopy-wide platform, its nine CraftGrow partners, and streaming arrangements flowing through Canopy Rivers, this MOU will not impact medical sales or the Company's commitment to prioritizing the needs of its medical customers.
"The province is very pleased to partner with Canopy Growth in securing a safe supply of cannabis for the PEI market," said the Honourable Heath MacDonald, Minister of Economic Development and Tourism, Prince Edward Island. "Islanders who choose to partake in recreational cannabis in PEI can be confident that the products available to them will be safe, of high-quality, and provided through a licensed supplier committed to cannabis education and responsible use."
"The Province of PEI and its management team have made impressive progress in their preparations for the legalization of cannabis. Along with Organigram and our existing PEI-based CraftGrow partner, Canada's Island Garden, we are proud to be among the first suppliers in the province," said Mark Zekulin, President, Canopy Growth. "We're looking forward to bringing popular brands like Tweed, Leafs By Snoop, DNA Genetics, and a number of the best independent craft cannabis producers across Canada to the people of Prince Edward Island through this agreement."
As a new cannabis market emerges in Canada, education and informed understanding of the forms and varieties of cannabis will help ensure adult consumers have a safe and positive experience. All stakeholders, including industry, have an active role to play in ensuring the legal, regulated market for cannabis is successful for consumers as well for business. Together, the province of PEI and Canopy are working together to provide a safe, responsible market.
Fast Facts:
Canopy Growth serves approximately 70,000 customers as of end of 2017
Over 100 Customer Care agents guide customers through the ordering experience
Canopy Growth's subsidiaries had over 380,000 customer interactions in 2017
The Canopy Care team won Contact Centre of the Year (ORCCA) and Contact Centre Leadership Award (ORCCA) for Training and Development in 2017
Four Existing brick and mortar Tweed Main Street locations offer in-person services and educational seminars
Here's to Future Growth (and Education, on the Island).
ABOUT D2L
D2L believes learning is the foundation upon which all progress and achievement rests. Working closely with organizations globally, D2L has transformed the way millions of people learn online or in the classroom. Learn more about D2L for schools, higher education, and businesses at www.D2L.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. 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.
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 seven cannabis production sites with over 665,000 square feet of production capacity, including over 500,000 square feet of GMP-certified production space. The Company has operations in seven countries across four 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 to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. 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 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.
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
Copyright 2018 Canada NewsWire
Fertile Ground for Canadian Cannabis Producers
Source: NetworkNewsWire
NetworkNewsWire Coverage: Canada leads the global trend to legalize and regulate medical and recreational cannabis, and some of the biggest players in the space are listed on Canadian stock exchanges. One of the public companies attracting attention in the sector is DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF) (DOJA Profile), which grows high-quality, hand-crafted cannabis, operates one retail store in Kelowna, British Columbia and is focused building the premier cannabis lifestyle brand in the industry. To bolster its retail ambitions and brand focus, DOJA recently announced a merger with fellow leading lifestyle cannabis brand company Tokyo Smoke and also announced a concurrent strategic investment of $10 million from Aphria, Inc. (OTCQB: APHQF), (TSX: APH) (http://nnw.fm/jML2w). The combined company resulting from the merger will use the name "Hiku Brands Company Ltd." to refer to the brand house containing premium cannabis brands DOJA, Tokyo Smoke, and Van der Pop. The Merger will create a uniquely positioned cannabis company combining a best-in-class craft cannabis producer with an award-winning lifestyle brand and retail-focused cannabis company. Other companies vying for increased retail recognition in the marijuana marketplace include Canopy Growth Corp. (TSX: WEED) (OTC: TWMJF), Emblem Corp. (TSX.V: EMC) (OTC: EMMBF), Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) and The Supreme Cannabis Company, Inc. (formerly Supreme Pharmaceuticals) (TSX.V: FIRE) (OTC: SPRWF).
The Canadian cannabis market reaching new highs
While the United States wallows in legal disunity, Canada is now the largest regulated cannabis producer in the world. Medical cannabis is already a multi-million-dollar industry in Canada and, with the legalization of recreational use slated to begin July 1, 2018, licensed producers are ramping up production and positioning for retail recognition in advance of the adult use market opening up.
Total market value of recreational marijuana in Canada worth up to $22.6 billion
The retail market value of recreational marijuana in Canada is expected to reach $8.7 billion annually. Add in ancillary services such as testing labs, lighting and security systems, and Deloitte projects total market size could reach $22.6 billion (http://nnw.fm/6Rj9w). Market size could far exceed expectations when taxes, licensing fees, and marijuana-related tourism are factored in. Deloitte also estimates that fulfilling the demand for recreational marijuana will mean producing over 600,000 kilograms of marijuana annually, far more than existing licensed producers grow for medicinal purposes.
Branding, marketing and quality will be the differentiators
The Canadian marijuana market remains fragmented as licensed producers prepare for the expected tsunami of recreational demand. Retail distribution is almost an afterthought for the majority of cannabis companies that have a “grow it and they will come” attitude. DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF) has distinguished itself from its peers by combining a ??best-in-class ??craft ??cannabis ??producer with ??a retail-focused cannabis company that has a substantial national retail footprint and offers a portfolio of premium cannabis lifestyle brands.
Experience and expertise matter
DOJA is led by branding wizard, founder and CEO Trent Kitsch. A successful and experienced entrepreneur, Kitsch founded SAXX Underwear Co. in 2007 and built the company into a fast-growing globally recognized brand. He sold the company in 2016. Known for his hustle, audacity and branding prowess, Kitsch founded DOJA in 2014 with the vision of creating a premium cannabis lifestyle brand for Canada’s legal marijuana market. An MBA graduate of the Richard Ivey School of Business with a major in entrepreneurship, Kitsch was recently selected as one of 10 Ivey Ambassadors for Entrepreneurship.
Partnerships and positioning set the stage
Retail positioning is imperative to capture an out-sized share of the nascent multi-billion-dollar marijuana market. DOJA’s recently announced binding Letter of Intent to merge with Tokyo Smoke creates a rapidly expanding nationwide retail footprint featuring a portfolio of visionary cannabis brands. The merger, scheduled for completion by March 2018, will create Canada's first nationwide retail and brand-focused cannabis producer. With award-winning cannabis accessory stores and locations across the country, Tokyo Smoke owns two well-recognized premium cannabis brands and is the recipient of the 2017 Canadian Cannabis Brand of the Year Award. The transaction also brings together industry leading management teams with decades of experience from Google, Samsung, Bain & Company, Barneys New York, Lululemon, Cronos Group, and Marley's Natural among others.
In a testament to the viability of the merger, Aphria Inc. (TSX: APH) (OTC: APHQF), one of Canada’s premier established producers, announced plans to invest more than $10 million in the merged company to gain leverage in the recreational marijuana market (http://nnw.fm/J2hV6).
Strategic Capital Partners are Essential
On Jan. 9, DOJA, in conjunction with Aphria, announced the closing of the $12.5 million strategic equity investment by Aphria (http://nnw.fm/PfyF0). Aphria recently raised $100 million for use in financing cannabis production facilities at home and abroad, and $12.5 million of it was ear-marked as a strategic investment in DOJA through the purchase of convertible subscription receipts. With a market capitalization of nearly $2.5 billion, Aphria is also the exclusive supplier to Shoppers Drug Mart, Canada’s largest retail pharmacy chain.
Upon completion of the merger, it’s expected the newly formed company will use the name Hiku Brands Company Ltd. With the capital infusion by Aphria, Hiku will have a cash balance over $31 million and be well positioned to increase its cannabis production capacity, enlarge its retail footprint and add select brands to its portfolio through accretive and synergistic acquisitions.
Commenting on the deal, Aphria CEO Vic Neufeld stated, “This transaction has the twofold benefit of providing us access to strong brands, through Tokyo Smoke and DOJA, and craft-cultivated British Columbia bud, through DOJA. Quality product and recognizable consumer brands will be key differentiators for patients and consumers, and we're looking forward to continuing our work with Hiku to create premium cannabis brands in Canada."
Location, location, location
As Deloitte noted in its report, marijuana-related tourism is expected to be no small factor in the $22 billion-plus Canadian cannabis market. DOJA’s wholly owned subsidiary, is situated in the heart of British Columbia’s Okanagan Valley, known as the picturesque “Napa of the North.”
The Kelowna area attracted nearly 2 million visitors in 2016 and that number is expected to grow with the advent of marijuana tourism. Located on Kelowna's busiest street, DOJA operates the Culture Café, which serves as a cannabis information center generating brand awareness right in the middle of the tourist district.
Commenting on production at the facility, DOJA CEO Trent Kitsch stated, “I’m extremely proud of our cultivation team, they have delivered on all levels, the quality of our flower is impressive, and the yields exceeded our expectations. Post-harvest, our flowers were expertly hand-trimmed, hang-dried and artisanally cured. Our handcrafted approach is aimed at producing the finest cannabis with exceptional aroma, flavor and effects.”
DOJA expects to deliver more than 5,000 kg of artisanal bud annually with its planned new facility (http://nnw.fm/JNn8l). Initial cannabis harvests have already been completed and DOJA awaits Health Canada pre-sales inspection for retail to commence.
Others positioning for greater retail recognition in the coming cannabis bonanza
The grandfather of Canadian cannabis production, Canopy Growth (TSX: WEED) (OTC: TWMJF) was the first federally regulated, publicly traded cannabis producer in North America. Canopy, through its wholly owned subsidiaries, operates numerous production facilities with over 700,000 square feet of licensed production, over 500,000 square feet of which is GMP-certified. With a focus on educating healthcare practitioners, conducting clinical research, and furthering the public cannabis education, Canopy and its affiliates have plans to develop a production platform that would represent 3.2 million square feet of indoor and greenhouse production capacity. The company has established partnerships in Canada and abroad, with interests and operations spanning four continents.
The Supreme Cannabis Company (formerly Supreme Pharmaceuticals) (TSX.V: FIRE) (OTC: SPRWF) aims to become a leading cultivator and distributor of affordable sun-grown cannabis by applying commercial agriculture practices to cannabis production. Its wholly owned 7ACRES subsidiary is a Canadian federally licensed producer of cannabis operating inside a 342,000-square-foot Hybrid Greenhouse facility. The Hybrid Greenhouse combines the technology of indoor production with the efficiencies and sustainability of a greenhouse in a single large-format production footprint. Supreme currently has a retail footing in oils via a partnership with Aurora Cannabis.
Emblem (TSX.V: EMC) (OTC: EMMBF) is an integrated licensed producer and distributor of medical cannabis and cannabis derivatives in Canada under the ACMPR (Access to Cannabis for Medical Purposes Regulations). Emblem has a strategy across three verticals: cannabis production, patient education centers and pharmaceutical dosage form development. Like others, Emblem is vying for position within Canada’s large and growing medical and recreational marijuana industry. The company currently has over 8,500 square feet of flowering capacity at its closed box facility in Paris, Ontario. A recent land acquisition for expansion of its greenhouse facilities would increase Emblem’s total production capacity to upwards of 17,000 kgs. of dried flower per annum.
Canada-based Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), with operations in Portland, Ore., is one of the largest cannabis oil and solution providers in North America and has several recognized brands. Golden Leaf cultivates, extracts, manufactures and distributes its products through its branded Chalice Farm retail dispensaries, as well as through third party dispensaries. Golden Leaf believes its advanced research techniques enhance the extraction, refining, marketing and selling of high quality cannabis oils.
Be selective and focus on brand differentiation
There’s little doubt the advent of legalized recreational marijuana in Canada will present immense opportunities as well as some logistical challenges. Companies that establish a dynamic retail presence with recognized national consumer brands could out-pace the competition and potentially deliver exceptional relative returns - savvy investors should take notice of the cannabis companies focused on brand differentiation.
For more information on DOJA Cannabis Company, visit DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF).
For a more in-depth look into DOJA Cannabis (CSE: DOJA) (OTC: DJACF), view the full report on Microsmallcap.com.
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WEED gapping to $39 CDN
Wowzers
Fantastic day indeed!
Nice and green. Glad I added at the dips. No brainer we got lots of room to go up!
Added
Oversold
Holding long term. Oil is recovering and Crescent Point has been oversold.
Great news. Thanks for sharing!
Nice positive movements here with recovery of oil prices.
Added twice this morning.
Added this morning at 38.75. :)
Legal Pot: Mexico to Sell Space Cakes, Cannabis Drinks And Marijuana Lipsticks
http://www.newsweek.com/mexico-legalize-marijuana-based-food-drinks-cosmetics-medicine-754994
Legal Pot: Mexico to Sell Space Cakes, Cannabis Drinks And Marijuana Lipsticks
http://www.newsweek.com/mexico-legalize-marijuana-based-food-drinks-cosmetics-medicine-754994
Congrats!!!
BNN’s top story of 2017: Cannabis capitalism booms in Canada
https://www.bnn.ca/1.950984.1513965531
Thumbs up!!!
AMAZINGGGGGG!
Tru dat.
Exciting times indeed!
Little more elaboration. News out today...
A Vert Christmas: Health Canada Grants Cultivation Licence to Vert Cannabis
Source: PR Newswire (Canada)
SMITHS FALLS, ON and SAINT LUCIEN, QC, Dec. 21, 2017 /CNW/ - Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or the "Company") is pleased to announce that its wholly-owned subsidiary Vert Cannabis in Saint Lucien, Québec, has obtained a production license under the Access to Cannabis for Medical Purposes Regulations ("ACMPR"). Vert Cannabis is a 7000 square foot craft cannabis production facility located in the small town of Saint Lucien, Québec.
Canopy Growth's craft cannabis production facility in Saint Lucien, Québec (CNW Group/Canopy Growth Corporation)
"We're pleased to have obtained the licence and look forward to starting cannabis production in Québec," said Adam Greenblatt, Québec Brand Manager at Canopy Growth and cannabis industry pioneer. "The licensing of Vert Cannabis in Saint Lucien, combined with the recently announced Vert Mirabel joint venture with Les Serres Bertrand, positions Canopy Growth as Québec's leader in both craft-scale indoor production and large-scale greenhouse production."
Vert Cannabis was acquired by Canopy Growth in November of 2016 as a part of the Company's overall growth strategy and commitment to developing the cannabis market in Québec, Canada's second-largest province. Vert Cannabis represents Canopy's seventh Canadian production licence under the ACMPR to-date. Vert will begin production in Q1 of 2018 following the live transfer of starter plants from the Tweed facility in Smiths Falls, Ontario.
"Medical cannabis and the full legalization of adult use represents a tremendous opportunity for Québec to improve public health and safety, and to provide consumers with access to cannabis products of known potency and provenance," said Greenblatt. "It is an exciting privilege to operate at the intersection of revolutionary policy reform and a nascent commercial sector with vast potential, and as such, we are dedicated to establishing a vibrant, competitive, and socially responsible cannabis industry here in Québec."
Poussons Vert l'avenir.
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.
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 seven cannabis production sites with over 665,000 square feet of production capacity, including over 500,000 square feet of GMP-certified production space. The Company has operations in seven countries across four 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 to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. 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 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.
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.
Canopy Growth's craft cannabis production facility in Saint Lucien, Québec (CNW Group/Canopy Growth Corporation)
SOURCE Canopy Growth Corporation
Copyright 2017 Canada NewsWire
Blah blah blah.. BIG PICTURE BRO.
yes u made your money...
Buying opportunity.
Marijuana use down among minors, up among older Canadians, StatsCan study finds - Politics - CBC News
http://www.cbc.ca/news/politics/marijuana-cannabis-minors-1.4454477
Going to be green tomorrow
Things that make u go hmmm .
Another Denmark news items. Press is all over it.