Canopy Growth Solidifies National Retail Footprint with Expansion into Alberta Market
Company to open 10 retail stores across Alberta under the Tokyo Smoke and Tweed banners, marking its first retail cannabis presence in the province
SMITH FALLS, ON, Aug. 28, 2020 /CNW Telbec/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) is pleased to announce the Company will be opening 10 brick-and-mortar retail cannabis locations across Alberta under its award-winning Tweed and Tokyo Smoke banners. This announcement marks the Company’s latest commitment to national retail expansion and added consumer engagement opportunities across the country.
The following retail locations are set to open their doors over the next week:
- Unit 100, 4310 MacLeod Trail SW, Calgary, AB
- 418 16th Avenue NW, Calgary, AB
- Unit 101, 1022 17th Avenue SW Calgary, AB
- 3011 14th Street SW, Calgary, AB
- Unit 204, 131 Century Crossing, Spruce Grove, AB
- Unit 104, 1020 9 Ave SE, Calgary, AB
- 8650 112 Ave NW, Calgary, AB
- Unit 122, 425 Aviation Road NE, Calgary, AB
- Unit 130, 333-6th Street South, Lethbridge, AB
- 10431 82 Avenue, T6E 2A1, Edmonton, AB
With 10 new stores set to open and additional locations in the pipeline, we are thrilled to announce this milestone and excited to bring the Tokyo Smoke and Tweed guest experiences to Alberta for the first time.
Grant Caton, General Manager for Canada at Canopy Growth
We’ve seen the value brick-and-mortar retail brings to our consumers – welcoming new guests to learn about cannabis and building relationships in new communities – and we’re excited to share our knowledge and industry leadership across the region.
Both Tokyo Smoke and Tweed retail locations offer guests an industry-leading retail experience. Tokyo Smoke stores provide an elevated shopping experience with carefully curated accessories and cannabis products grouped according to Tokyo Smoke’s signature Intent System to help guests select a varietal that’s right for their intended experience. The Tweed retail experience is warm and approachable, with friendly and knowledgeable Tweedtenders available to provide cannabis education in a welcoming environment.
Our retail stores are also dedicated to developing community outreach and programming that provides education and support to every neighbourhood we operate in. We are also proud to be creating over 100 jobs in the Alberta market, while ensuring a safe environment for our teams to provide their communities with convenient access to quality legal, recreational cannabis.
Canopy’s retail expansion into Alberta will bring the number of Tokyo Smoke and Tweed retail cannabis stores in Western Canada to a total of 29, adding to existing locations in Manitoba and Saskatchewan. It will also increase Canopy’s retail banners across Canada to a total of 50, with more planned throughout the 2020 calendar year.
Here’s to Future (Alberta) Growth.
About Canopy Growth Corporation
Canopy Growth (TSX:WEED, NYSE:CGC) is a world-leading diversified cannabis, hemp and cannabis device company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms, as well as medical devices through Canopy Growth’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.
Canopy Growth’s medical division, Spectrum Therapeutics is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and has devoted millions of dollars toward cutting edge, commercializable research and IP development. Spectrum Therapeutics sells a range of full-spectrum products using its colour-coded classification Spectrum system as well as single cannabinoid Dronabinol under the brand Bionorica Ethics.
Canopy Growth operates retail stores across Canada under its award-winning Tweed and Tokyo Smoke banners. Tweed is a globally recognized cannabis brand which has built a large and loyal following by focusing on quality products and meaningful customer relationships.
From our historic public listing on the Toronto Stock Exchange and New York Stock Exchange to our 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 icons Snoop Dogg and Seth Rogen, breeding legends DNA Genetics and Green House Seeds, as well as lifestyle guru Martha Stewart and Fortune 500 alcohol leader Constellation Brands, to name but a few. For more information visit www.canopygrowth.com