Canopy Growth to Supply Up to 6.5 Million Grams of Cannabis to Manitoba Retail Market | CashCropToday
0 Shares 640 Views

Canopy Growth to Supply Up to 6.5 Million Grams of Cannabis to Manitoba Retail Market

July 2, 2018
640 Views

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), a Canadian public cannabis company with a market cap of $7.71 billion dollars, announced this morning that the company has signed an agreement with the the Manitoba Liquor and Lotteries Corporation to supply their province with high quality cannabis products for the upcoming recreational market in October 2018.

Under the terms of the signed agreement, Canopy Growth will supply Manitoba with 6,500 kilograms of cannabis products over the the next year. Canopy Growth Corp will be supplying the province with products from their owned subsidiaries Tweed, DNA Genetics, and Leafs By Snoop.

The Manitoba Liquor and Lotteries Corporation has the right to extend the initial agreement for an additional year and ask that Canopy Growth increases supply if need be. Canopy Growth and Delta 9 Cannabis Inc. have plans set in place to open a series of Tweed branded retail location throughout Manitoba.

Mark Zekulin, President, Canopy Growth gave this statement in the press release:

“Signing a supply agreement with Canopy Growth ensures that Manitoba residents will have access to a reliable supply of the most exciting brands and cannabis products available.As we move closer to a legal adult use cannabis market, supply agreements like this directly support Canopy Growth’s strategy for capturing and increasing market share.”

You may be interested

Canopy River Begins Trading on the Toronto Stock Exchange (TSX)
Market Watch
16 views
Market Watch
16 views

Canopy River Begins Trading on the Toronto Stock Exchange (TSX)

Editor - September 21, 2018

Yesterday, Canopy Rivers Inc. (TSXV:RIV) announced that their company has began trading on the TSX Venture Exchange under the ticker symbol RIV. The company works in conjunction with…

Aurora Cannabis in Discussions with Coca-Cola to Produce CBD Infused Beverages
Market Watch
99 views
Market Watch
99 views

Aurora Cannabis in Discussions with Coca-Cola to Produce CBD Infused Beverages

Editor - September 20, 2018

In a press release this week, Aurora Cannabis (TSX: ACB) (OTCQB: ACBFF) confirmed that it has entered into the beginning stages of negotiations with beverage conglomerate Coca-Cola to…

Australian CBD Company Elixinol Begins Trading on OTCQX
Market Watch
68 views
Market Watch
68 views

Australian CBD Company Elixinol Begins Trading on OTCQX

Editor - September 19, 2018

Yesterday, international hemp-derived CBD company Elixinol (ASX: EXL) began trading on the OTCQX, a U.S. based stock market exchange, under the ticker symbol ELLXF. The company is…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: