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CA (ON): Tweed Farms gets approval for dried marijuana production

Tweed Farms, a wholly owned subsidiary of Canopy Growth Corporation (Canopy Growth) is now licensed to produce, possess and ship dried marijuana at its facilities in Niagara-on-the-Lake, Ontario.

The license completes a phase of infrastructure enhancements that have increased the independence of the Tweed Farms site and transformed it from a broad-scale production facility to a vertically integrated campus capable of growing, trimming, curing and storing product. A 25,000 sq. ft. processing and storage building has been added to the existing 350,000 sq. ft. greenhouse. Tweed Farms will seek a final sales license as soon as its first crop has been harvested and tested for sale.

"We acquired the greenhouse twenty two months ago to position ourselves as a large scale, low-cost producer capable of supplying a sizeable percentage of the market," said Bruce Linton, CEO of Canopy Growth. "This infrastructure completion and Health Canada approval milestone is a testament to the team at Tweed Farms who continue to execute our capacity-building as planned."

"We now have three distinct facilities licensed to produce a significant amount of finished goods, offering a growing number of patients a reliable, diverse and secure supply of cannabis and related oils products," continued Linton.

Using tissue culture propagation rather than clones clipped from mother plants, large plots of cost-effective greenhouse space can be brought online to satisfy demand.

The license is valid through January 13th, 2017 and allows Tweed Farms to produce 1,200kg of dried marijuana. Consistent with Health Canada's process, Tweed Farms will seek to expand the licensed capacity based upon actual production from the initial 1,200kg.

For more information:
www.canopygrowth.com
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