Canopy Growth Corporation Accelerate 1,500,000 sq. ft. – Breaking News – RICH TV LIVE – April 5, 2018
PR Newswire – Thu Apr 5, 6:46AM CDT
SMITHS FALLS, ON , April 5, 2018 /CNW/ – Canopy Rivers Corporation ( “Canopy Rivers” ), Canopy Growth Corporation ( “Canopy Growth” ) (TSX: WEED) and LiveWell Foods Canada Inc. (” LiveWell “), today announced that the companies have executed a strategic agreement to accelerate the development and commercialization of Livewell’s two large scale cannabis projects located in Ottawa, ON and Pontiac, QC , which collectively represent over 1,500,000 sq. ft. of future cannabis production and processing infrastructure.
“This new partnership represents further validation that Canopy is the platform of choice in the cannabis sector,” said Bruce Linton , Chairman and CEO of Canopy Growth. “Canopy has an unmatched ability to collaborate with partners given our breadth of operational knowledge, technology, investment capital, and cultivation expertise.”
“Rivers continues to look for synergistic and mutually beneficial opportunities to support emerging industry players with strategic advisory services and financial support,” said Sean McNulty , Co-founder, Canopy Rivers. “We will work collaboratively with Canopy Growth to accelerate LiveWell’s speed to market and deploy the resulting offtake throughout Canopy’s industry leading distribution platforms. With their Ottawa project located less than an hour from Canopy Growth’s Smith Falls headquarters, and 5 minutes from the airport, Livewell, once developed, represents a complimentary supplement to our portfolio of production and distribution partners.”
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