Canopy Growth has launched a strategic partnership in the Jamaican cannabis market as part of its ongoing international expansion. Grow House JA Limited – to operate as Tweed Limited JA, will serve the needs of the Jamaican medical cannabis market with Tweed's cultivation processing and international standards, matched with the local know-how of its Jamaican partners and the renowned sun, soil and water of Jamaica.
Canopy Growth holds 49 per cent of the share capital of Tweed JA, which, with conditional license approvals already in place, has already begun construction of its facility.
"Jamaica represents a world-class cannabis market, and we are fortunate to be working with a highly experienced and knowledgeable local team so we can put the right pieces in place to turn these opportunities into local prosperity and success," said Bruce Linton, Chairman & CEO, Canopy Growth. "Ensuring we have the brands, infrastructure, and the right people in place is our priority. We look forward to contributing to a successful Jamaican cannabis market with the addition of Tweed JA."
In 2015, the Jamaican legislature voted to amend the nation's cannabis laws, which led to the introduction of the Cannabis Licensing Authority (CLA). Since then, the Jamaican government has been developing a framework for the cultivation and sale of medical cannabis, creating new opportunities for locals and visitors alike.
Canopy Growth is confident that the production and formulation model it has built in Canada, combined with the strength of the existing team in Jamaica, made up of experienced entrepreneurs with substantial cannabis cultivation experience, will drive the national conversation around cannabis forward, and promote Jamaica's well-established and renowned ganja, oils and other cannabis products on a global level.
For more information:
Canopy Growth
1 Hershey Dr.
Smiths Falls, Ontario
K7A 0A8
1 855 558 9333 x 122
invest@canopygrowth.com
www.canopygrowth.com
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Canopy Growth expands into Jamaican medical market
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