Canopy Growth Locks Down 10th Cannabis Production License in Canada

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Vert is growing again: Health Canada grants licence to Vert Mirabel

SMITHS FALLS, ON and MIRABEL, QC, May 27, 2018 /CNW/ – Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) (“Canopy Growth” or the “Company”) together with Les Serres Stéphane Bertrand Inc. (“Bertrand”) are pleased to announce that their joint business Les Serres Vert Cannabis Inc. (“Vert Mirabel”), received a cultivation licence from Health Canada on Friday, May 25, 2018. This establishes the tenth licenced production facility under the Canopy in Canada, moving the Company officially into double digits. The Company also possesses a sales-only licence located in Toronto.

The 700,000 sq. ft. Vert Mirabel greenhouse is licenced for an initial 40,000 sq. ft. of growing space, increasing Canopy Growth’s production footprint in Quebec and confirming its commitment to growing high quality, made-in-Quebec cannabis to serve Quebecers and ensure a strong offering to combat the illicit market in Quebec.

We’ve been focused on building an industry leading growing platform across Canada and this licence is our latest successful step as we execute our vision for a reliable supply chain for Canadians.

Mark Zekulin, President, Canopy Growth

Vert Mirabel is a shared achievement and we are excited to see the execution demonstrated by Mon. Bertrand, his family, and their entire team. Canopy Growth shares their deep commitment to a responsible and productive cannabis industry in Quebec.

“Now the real fun begins. We’re excited to start applying our 27 years in greenhouse production and our expertise in organic tomato production to the cannabis plant,” said Stephane Bertrand, Executive Director, Les Serres Stéphane Bertand Inc. “We’re proud and excited to be working alongside Canopy Growth to establish this important production site in Quebec.”

In total, Canopy Growth’s licenced growing space has tripled in calendar 2018, to more than 2.4 million sq. ft. and remains on path to exceed 5.6 million sq. ft. of domestic growing space to support medical and recreational customers from coast to coast to coast.

Here’s to Future Growth (in La Belle Province).

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 eight cannabis production sites with over 2.4 million 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

About Vert Mirabel

From pink tomatoes to purple buds – Canopy Growth expanded its roots in Quebec with the introduction of Vert Mirabel; a definitive joint venture agreement to form a new company, Les Serres Vert Cannabis Inc., together with Les Serres Stéphane Bertrand Inc., a large-scale tomato greenhouse operator in Mirabel, Quebec, and the largest producer of pink tomatoes in North America. Currently licensed for 40,000 sq. ft. of growing space, the joint venture will convert the current 700,000 sq. ft. hi-tech greenhouse into a cannabis behemoth to serve the Quebec market.

Original press release

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Published by NCV Newswire
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