The Corporation has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 759,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. ('GMP') and BMO Capital Markets as joint bookrunners ('BMO' and together with GMP, the 'Co-Lead Underwriters' and collectively with the syndicate, the 'Underwriters'), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, 5,060,000 common shares (the 'Common Shares') of the Corporation at a price of $34.60 per Common Share (the 'Offering Price') for aggregate gross proceeds to Canopy Growth of $175,076,000 (the 'Offering'). THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.Ĭanopy Growth Corporation (TSX:WEED) ('Canopy Growth' or the 'Corporation') announced today that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. (P.S.SMITHS FALLS, ONTARIO-(Marketwired - Jan. Some fun facts to help understand just how “UUUUUGE” BC Tweed actually is. It appears that the link may only be through the Canopy connection, but it does have BC Tweed’s grower quoting the rapper. Canopy also has several international distribution channels.ĭaily Hive reached out to Tweed about Snoop’s involvement in the deal but have not heard back.

The intention is for BC Tweed to continue to serve medicinal cannabis patients, and recreational users after legalization. and remains on path to exceed 5.6 million sq. ft. of growing space,” said the company in a statement. “In total Canopy Growth’s licensed growing space has tripled in calendar 2018, to more than 2.4 million sq. of greenhouse production space, also received a cultivation licence for its first 900,000 sq. “The second BC Tweed site, totalling 1.7 million sq. SunSelect is a family-run farm, known for offering “ outrageously fresh produce.”īC Tweed’s licensing was approved in February 2018, and Canopy announced further expansion in April. in Delta, BC, Canopy will be operating the largest cannabis greenhouse in the world, under the name BC Tweed. In fact, thanks to a partnership with SunSelect Produce Inc. Canopy, an Ontario-based business, just got bigger with expansion into Canada’s west coast.

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