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Highlights From Canopy Growth's Update On Domestic Operations

June 26, 2017

 (Image Credit - Nick Youngson)

This weekend, Canopy Growth Corp. (TSX:WEED)(OTC:TWMJF) released a 'Domestic Expansion Update'. This update follows last week's update regarding the company's foreign operations

 

Here's some of the highlights. 

 

  • rTrees Producers Limited, operating as Tweed Grasslands, received their cultivation license from Health Canada. Production is set to begin next month, with the facility expected to be fully operational by mid-2018. 

  • The expansion at the Mettrum facility in Bowmanville, Ontario has been completed and licensed by Health Canada. 

  • At the Smiths Falls Campus, the company has completed a expansion of flowering space and launched industrial-scale CO2 super-critical extraction.

  • Canopy has commenced construction on another 300,000 sq. ft. of production space at Smiths Falls Campus (subject to Health Canada approval).

  • The company has entered into an agreement to acquire a 100,000 sq. ft. facility in Fredericton, New Brunswick with the intention of launching a Tweed facility for indoor production in New Brunswick.

  • They anticipate closing on the supply agreement and sale of Mettrum (Bennett North) Ltd. to LiUNA- backed Cannabis Care Canada soon. 

  • The Vert Cannabis application in St. Lucien, Quebec has advanced to the pre-license inspection stage of the ACMPR application process

 

Conclusion

 

Learn more about Canopy Growth Corp. by checking out the company's marijuana stock profile linked above. Also, be sure to subscribe to our free Canadian L.P. newsletter to stay up to date with developments at all 50 of the Canadian licensed producers. 

 

Be sure to subscribe to one or more of our free newsletters so you never miss an important update! Also, don't forget to connect with The Daily Marijuana Observer on Facebook, Twitter, and Instagram.

 

D/M/O

 

Disclaimer

 

Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

 

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