Marijuana Business Growing Across Canada

December 27, 2017

CANADA – Continued evidence of the fast-growing marijuana industry across Canada includes issuing of a Health Canada cultivation license to Vert Cannabis of Quebec, which is a subsidiary of Ontario-based Canopy Growth.

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. The company is publicly traded under the name weed.

Vert Cannabis obtained the production license under the Access to Cannabis for Medical Purposes Regulations (ACMPR). Vert Cannabis is a 7000 square foot craft cannabis production facility located in the small town of Saint Lucien, Québec.

“We’re pleased to have obtained the licence and look forward to starting cannabis production in Québec,” said Adam Greenblatt, Québec Brand Manager at Canopy Growth.

“The licensing of Vert Cannabis in Saint Lucien, combined with the recently announced Vert Mirabel joint venture with Les Serres Bertrand, positions Canopy Growth as Québec’s leader in both craft-scale indoor production and large-scale greenhouse production.”

Vert Cannabis was acquired by Canopy Growth in November of 2016 as a part of the Company’s overall growth strategy and commitment to developing the cannabis market in Québec, Canada’s second-largest province.

Vert Cannabis represents Canopy’s seventh Canadian production licence under the ACMPR to-date. Vert will begin production in the first quarter of 2018 following the live transfer of starter plants from Canopy’s Tweed facility in Smiths Falls, Ontario.

The Tweed facility is located in the former Hershey’s chocolate factory at 1 Hershey Drive in Smith Falls, Ontario.

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