Canopy Growth Corp (WEED)

[Wo]

NYSE: CGC) (TSX: WEED)


https://mobile.tmxmoney.com/quote/readnews/?id=5039948150155741&symbol=WEED

SMITHS FALLS, ON, Oct. 9, 2018 /CNW/ - Licence amendments for Canopy Growth Corporation's ("Canopy Growth" or the "Company") wholly-owned subsidiary, BC Tweed Joint Venture Inc. (BC Tweed) and its majority-owned joint venture, Les Serres Vert Cannabis Inc. (Vert Cannabis) have been issued by Health Canada, collectively representing approximately 1.1 million sq. ft. of new greenhouse growing space on Canada's largest cannabis platform.

The Company has, through its subsidiaries, established a 5.6 million sq. ft. platform, which is now over 75% licensed. This infrastructure will increase the quantity and diversity of products available to retail and wholesale customers in the recreational market and fortify the supply of cannabis products available to its medical customers.

"Our regulatory team and the teams in Delta and Mirabel have worked hard to bring these large-scale greenhouses online. Credit is due to these teams and the entire organization as we continue the push forward into a transformative year for our business," said Mark Zekulin, President and co-CEO, Canopy Growth.

These licence amendments are a major step forward but more capacity is required before the entire Canopy Growth platform is operational.

Here's to Future Growth (all across the country).