Canopy Growth Corporation (CGC)

Tweed Grasslands: Creating Jobs and Economic Growth in Saskatchewan

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Tweed Grasslands: Creating Jobs and Economic Growth in Saskatchewan

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BUZ INVESTORS PRESS RELEASE  Tweed Grasslands Canopy Growth Corporation (TSX: WEED) (“Canopy Growth” or the “Company”) is pleased to announce the closing of the previously announced acquisition of rTrees Producers Limited Inc., a late-stage applicant in Health Canada’s Access to Cannabis for Medical Purposes Regulations. If and when licensed, the site will operate as Tweed Grasslands (“Tweed Grasslands”) and become the newest facility to join Canada’s largest network of legal, licensed cannabis producers owned and operated by Canopy Growth.

Tweed Grasslands will operate a 90,000 sq. ft. facility in Yorkton with the capacity to expand operations to over 300,000 sq. ft. as the markets for medical and recreational cannabis develop.

Led by an experienced team of entrepreneurs and medical cannabis pioneers, Tweed Grasslands is now looking to hire several key positions in anticipation of commencing operations. All told, Tweed Grasslands intends to create 40-50 new permanent jobs at the Yorkton facility with substantial economic input also coming from a multi-million dollar investment in order to build out the full 90k square feet of initial production space.



Tweed Grasslands

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“After years of hard work setting up the business we’re now excited to be focused on the task of producing medical cannabis for people all across Canada,” said Andrew MacCorquodale, Head of Operations for Western Canada, Canopy Growth and founder of Tweed Grasslands. “With support and expertise from our new colleagues at Canopy Growth we hope to be licensed and fully operational in Saskatchewan within months and that means we need to find great people to drive the vision forward.”

Tweed Grasslands will supply medical markets in Canada and abroad as they emerge in a federally legal manner, as well as the Canadian recreational cannabis market upon the establishment of a national regulatory framework.

Tweed’s existing headquarters in Smiths Falls, ON, a small town of 9,000 has benefitted very positively with over $45 million of investment put into its flagship 40-acre campus at 1 Hershey Drive, creating over 240 jobs. With the addition of Tweed Grasslands, the Company is eager to bring some of that economic activity to Saskatchewan.

The first wave of job postings is available online now.

Here’s to Future (Grasslands) Growth.

About Canopy Growth Corporation
Canopy Growth Corporation (TSX: WEED) is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain varieties in dried and oil extract forms.  Through its wholly‑owned subsidiaries, Canopy Growth Corporation operates numerous state-of-the-art production facilities with over half a million square feet of indoor and greenhouse production capacity.  Canopy Growth Corporation has established partnerships with leading sector names in Canada and abroad.  For more information visit www.canopygrowth.com.

Notice Regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth Corporation, Tweed Inc., Tweed Farms Inc., Mettrum Health Corp., Bedrocan Canada Inc. or Tweed Grasslands Cannabis (collectively, the “Companies”) to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release, but are not limited to the factors included under “Risk Factors” in the Company’s annual information form for the fiscal year ended March 31, 2016, dated July 28, 2016. Examples of such forward-looking statements include the intention to hire and create new jobs, future investments, Tweed Grasslands Cannabis obtaining a license to legally produce cannabis, the performance of the Companies’ business and operations, the operational timeline and future operational and production capacity of Tweed Grasslands Cannabis, the impact of enhanced infrastructure and production capabilities, forecasted available product selection, future supply of the Companies’ product, the impact of the establishment of a national regulatory framework and future expectations of the industry’s generated revenue. The forward-looking statements included in this news release are made as of the date of this news release and Canopy Growth Corporation. does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE Canopy Growth Corporation



Buz Investors CMED, receives export permits CanniMed Therapeutics Inc. (“CanniMed” or the “Company”) (TSX: CMED) today announced the receipt, through its wholly-owned subsidiary Prairie Plant Systems Inc., of

CanniMed Cannabis Oils Facility Expansion with Support of the Saskatchewan Provincial Government

CanniMed Therapeutics Inc. Commences Cannabis Oils Facility Expansion with Support of the Saskatchewan Provincial Government

 

 

BUZ INVESTORS CanniMed Cannabis Oils Facility Expansion CanniMed Therapeutics Inc. (TSX: CMED) (“CanniMed” or the “Company”) announced today that its directors have approved

BUZ INVESTORS  CanniMed Cannabis Oils Facility Expansion CanniMed Therapeutics Inc. (TSX: CMED) (“CanniMed” or the “Company”) announced today that its directors have approved the commencement of a capital project to increase its current cannabinoid oils processing capacity by constructing a new facility on the Company’s Saskatchewan campus.

The planned Good Manufacturing Practice (GMP)-compliant ethanol extraction facility will have the initial capacity to supply the equivalent of 12 million 60 ml bottles of CanniMed® Oil per year, once complete. The initial cost estimate for the facility is $10.5 million over a twenty-month schedule to commissioning.

“Saskatchewan’s heritage of pioneering and innovation in Canadian healthcare has helped lead to the creation of cornerstones such as the advent of cobalt therapy in cancer treatment,” said Premier Brad Wall.  “CanniMed is now part of the ongoing legacy that embodies this spirit of creative thinking and diversification so inherent in our province.  We welcome this kind of significant investment in Saskatchewan.”



 CanniMed Cannabis Oils Facility Expansion 

The project is estimated to employ 85 full-time employees during the construction phase and will create 25 new permanent full-time positions. Scheduling and costs will be further refined during the detailed design phase of the project. The facility has been designed to accommodate further modular increases in capacity in up to three subsequent phases, ensuring product development milestones will continue to be met over the long-term.

“The Company’s greatest growth driver is currently our CanniMed® Oils products, contributing to 46% of our overall sales during March 2017,” said Brent Zettl, President and CEO of CanniMed Therapeutics Inc. “The expansion of our oils processing capacity will ensure ample supply of cannabinoid-based raw materials for future product development and innovation, in addition to providing for the continued growth of currently marketed oil products, and our soon-to-be released gelcaps.”

CanniMed uses ethanol (food-grade alcohol) extraction for the purification of cannabinoids. This industry-leading process pumps ethanol through compressed cannabis flower material, extracting the THCA (delta-9-tetrahydrocannabiolic acid), CBDA (cannabidiolic acid) and other medicinal ingredients. The alcohol and excess water are then removed through evaporation, resulting in a pure cannabis resin that can be further developed into a number of products for patient consumption. The Company plans to recycle and reuse the ethanol employed in the process.

About CanniMed Therapeutics Inc.

The Company is a Canadian-based, international plant biopharmaceutical company and a leader in the Canadian medical cannabis industry, with 15 years of pharmaceutical cannabis cultivation experience, state-of-the-art, GMP-compliant production process and world class research and development platforms with a wide range of pharmaceutical-grade cannabis products. In addition, the Company has an active plant biotechnology research and product development program focused on the production of plant-based materials for pharmaceutical, agricultural and environmental applications.

CanniMed Ltd., through its subsidiaries, was the first producer to be licensed under the Marihuana for Medical Purposes Regulations, the predecessor to the current Access to Cannabis for Medical Purposes Regulations. It was the sole supplier to Health Canada under the former medical marijuana system for 13 years, and has been producing safe and consistent medical marijuana for thousands of Canadian patients, with no incident of product diversion or recalls.

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The Government of Alberta plans to fully twin the critical Highway 15 corridor between Edmonton and Fort Saskatchewan.

Twinning the bridge into Fort Saskatchewan

The Government of Alberta plans to fully twin the critical Highway 15 corridor between Edmonton and Fort Saskatchewan.

ALBERTA

Hwy 15 Twinning Photo for NR

Buz Investors critical Highway 15 corridor The much-needed project involves construction of a second bridge crossing the North Saskatchewan River at the southern entrance to the City of Fort Saskatchewan and twinning the remaining two-lane section of Highway 15 towards Edmonton.  The project will improve safety, alleviate congestion and create hundreds of jobs over the next few years.




critical Highway 15 corridor

“This investment will help stimulate our economic recovery and it will also make life better for people in this community. Whether you’re moving materials to the work site, products to market, or kids to a hockey game, it takes a lot of time – more than it should.  Family time should be at home and not stuck on a bridge.”

Rachel Notley, Premier

An expanded Highway 15 bridge will support economic development and diversification by improving the connection between Fort Saskatchewan and Sturgeon County through the Industrial Heartland.

This important and growing region of economic activity and good-paying jobs northeast of Edmonton will see two new multi-billion dollar petrochemical facilities constructed in the next few years. The twinning initiative will provide the access necessary to sustain this growth.

“This project is one example of how our government is investing in the transportation network Albertans rely on every day. Twinning the Highway 15 bridge will reduce travel time for businesses and encourage economic growth. It will also help Albertans spend less time on the road and more time with their families.”

Brian Mason, Minister of Transportation

“The City of Fort Saskatchewan sits in the heart of Alberta’s Industrial Heartland and a safe, high-functioning transportation network is critical to keep this economic region thriving and to ensure the safety of our citizens. We appreciate the province recognizing the value of investing in this infrastructure that keeps Albertans productive and industry economically sound.”

Gale Katchur, Mayor, City of Fort Saskatchewan

Design for the project will begin in 2017, with construction commencing as soon as 2019. A project of this size will take about three years to complete construction. Once the design process is complete, a more detailed project timeline will be available.

As part of the government’s $29.5-billion Budget 2017 Capital Plan, Alberta Transportation is investing more than $7 billion in vital highway infrastructure like the twinning of the Highway15 bridge.


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