Clinical Trials, Amount & Customs Tax Relief, and Worldclass Administration Underpin Charge to Patients and Healthcare Professionals
SMITHS FALLS, ON , June 12, 2018 /CNW/ – Canopy Growth Corporation (WEED.TO) (CGC) (the “Company” or “Canopy Growth”) is admiring to accommodate the afterward updates on its medical cannabis affairs and to re-affirm its able charge to medical cannabis, the patients who depend on it, and the Healthcare Professionals who appoint it.
Logo: Spectrum Cannabis (CNW Group/Canopy Growth Corporation)
HISTORIC CLINICAL TRIAL MILESTONES
Marking a above anniversary for medical cannabis in Canada , a Phase IIb “in-human” analytic balloon appliance was submitted by Canopy Health Innovations Inc. to appraise the use of medical cannabis in the analysis of insomnia. Having accustomed approval to advance with these analytic trials in the anatomy of a No Objection Letter (NOL) from Health Canada, Canopy Health will now advance with these able-bodied analytic trials, in accord with a arch Canadian analysis institution.
In ablaze of the cogent abeyant for cannabis in alleviative a ambit of medical conditions, this is the aboriginal in a planned alternation of trials to investigate and quantify the ameliorative aftereffect of cannabis and cannabinoids beyond a alternative of break with cogent unmet needs, alive appear the ultimate ambition of patented, insurance-eligible cannabinoid-based medicines.
WORLDCLASS LEADERSHIP FOR A GLOBAL INDUSTRY
As ahead announced, starting in July 2018 , Dr. Mark Ware will commence his role as the Company’s Chief Medical Officer. Under his administration the Aggregation will abide to advance the all-around medical cannabis industry advanced with a focus on research, artefact innovation, and stakeholder apprenticeship in the abundant regions area Spectrum Cannabis operates, including Latin America , Australia , Europe and North America .
PATIENTS-FIRST PRICING MENTALITY
Honouring our charge to affordable medical cannabis and appraisement adequation for patients, Canopy Growth is admiring to acquaint patients that, aloft the casual of the Cannabis Act, the Aggregation will blot the proposed customs tax on all Spectrum Cannabis articles awash in Canada . Affordability is a key application for patients. It is important today to appearance administration and abate the amount accountability placed on our customers,while we assignment appear allowance accommodation for medical cannabis.
On top of this, all Spectrum Cannabis broiled anniversary articles will be priced at $8.50 per gram or less. If a registered chump is currently advantageous added for a Spectrum anniversary artefact this agency new savings, and if they are advantageous beneath that amount will abide the same. As always, Spectrum Cannabis articles accessible online through TweedMainStreet.com are acceptable for our industry-first Compassionate Appraisement Affairs that assists those on bound incomes allow their medicine.
“Using Canada’s affluent eco-system of advisers and accustomed cannabis stakeholders as a centre of expertise, Spectrum’s all-around amplification is abiding in sophistication,” said Mark Zekulin , President, Canopy Growth. “We are proudly a analysis and accommodating focused aggregation that will abide to drive the cannabis addition calendar advanced about the world.”
Here’s to Approaching Growth.
About Canopy Growth Corporation
Canopy Growth is a world-leading adapted cannabis and hemp company, alms audible brands and curated cannabis varieties in dried, oil and Softgel abridged forms. From artefact and action addition to bazaar execution, Canopy Growth is apprenticed by a affection for administration and a charge to architecture a world-class cannabis aggregation one product, armpit and country at a time.
Canopy Growth has accustomed partnerships with arch area names including cannabis figure Snoop Dogg, ancestry legends DNA Genetics and Green House seeds, and Fortune 500 booze baton Constellation Brands, to name but a few. Canopy Growth operates ten accountant cannabis assembly sites with over 2.4 actor aboveboard anxiety of assembly capacity, including over 500,000 aboveboard anxiety of GMP-certified assembly space. The Aggregation has operations in eight countries beyond four continents. The Aggregation is proudly committed to educating healthcare practitioners, administering able-bodied analytic research, and furthering the public’s compassionate of cannabis, and through its partly endemic subsidiary, Canopy Health Innovations, has adherent millions of dollars against acid edge, commercializable analysis and IP development. Through partly endemic accessory Canopy Rivers Corporation, the Aggregation is accouterment assets and advance to new bazaar entrants and architecture a portfolio of abiding investments in the sector. From our celebrated accessible advertisement on the Toronto Stock Exchange and New York Stock Exchange to our connected all-embracing expansion, pride in advancing actor amount through administration is engrained in all we do at Canopy Growth. For added advice appointment www.canopygrowth.com
Forward Looking Statement
This account absolution contains “forward-looking statements” aural the acceptation of the United States Private Balance Litigation Reform Act of 1995 and “forward-looking information” aural the acceptation of applicative Canadian balance legislation. Often, but not always, advanced statements and advice can be articular 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 accompaniment that assertive actions, contest or after-effects “may”, “could”, “would”, “might” or “will” be taken, action or be achieved. Advanced statements or advice absorb accepted and alien risks, uncertainties and added factors which may account the absolute results, achievement or achievements of Canopy Growth or its subsidiaries to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by the advanced statements or advice independent in this account release. Risks, uncertainties and added factors complex with advanced advice could account absolute events, results, performance, affairs and opportunities to alter materially from those bidding or adumbrated by such advanced information, including pricing, analytic balloon execution, the planned accretion of Canopy Health Innovations, and such risks independent in the Company’s anniversary advice anatomy anachronous June 28, 2017 and filed with Canadian balance regulators accessible on the Company’s issuer contour on SEDAR at www.sedar.com. Although the Aggregation believes that the assumptions and factors acclimated in advancing the advanced advice or advanced statements in this account absolution are reasonable, disproportionate affirmation should not be placed on such advice and no affirmation can be accustomed that such contest will action in the appear time frames or at all. The advanced advice and advanced statements included in this account absolution are fabricated as of the date of this account absolution and the Aggregation does not undertake an obligation to about amend such advanced advice or advanced advice to reflect new information, consecutive contest or contrarily unless appropriate by applicative balance laws.
SOURCE Canopy Growth Corporation
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