Tweed Expands Number of Licensed Production and Fulfillment Rooms

tweed_logo_smallCanopy Growth announces 50% increase in flower production space and tripling of fulfilment capacity at Tweed Smiths Falls campus

SMITHS FALLS, ON, March 23, 2017 /CNW/ – Tweed Inc. (“Tweed”), a wholly-owned subsidiary of Canopy Growth Corporation (TSX: WEED) (OTC: TWMJF) (“Canopy Growth” or “the Company”), is pleased to announce the licensing of additional facilities at its flagship Smiths Falls campus, including new grow rooms that will increase flowering space by 50 percent.

This phase of construction evolves our design and comes in on time and on budget. We’ve found operational efficiencies that we believe make our existing and newly licensed rooms materially more efficient than they were two years ago. This means more products to market and more variety for customers.

bruce-linton-canopy-growth-corp_Bruce Linton, Chairman & CEO, Canopy Growth

Tweed has also received licensing approval for a number of additional rooms targeted at value-added production and operational expansion, including several new fulfilment rooms that will triple Tweed’s order fulfilment capacity.

“While more growing space is imperative to our ability to meet demand, we also must be able to scale with increasingly more sophisticated processes and facilities to accommodate rapidly accelerating order demand today and into the future,” said Linton.

Following the recent purchase of the 470,000 sq. ft. Hershey Drive campus, expansion work is now fully underway to further increase growing space, value-add processing, product formulation and logistics facilities at the Tweed campus.

Here’s to future growth (and shipments).

About Canopy Growth Corporation

Canopy Growth is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain varieties in dried and oil extract forms. Through its wholly‑owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of indoor and greenhouse production capacity. Canopy Growth has established partnerships with leading sector names in Canada and abroad. For more information visit www.canopygrowth.com.

Original press release: http://www.newswire.ca/news-releases/canopy-growth-announces-50-increase-in-flower-production-space-and-tripling-of-fulfilment-capacity-at-tweed-smiths-falls-campus-616910164.html

Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013.

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

Get Our Sunday Newsletter