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Canopy Growth Corp
Symbol CGC
Shares Issued 107,154,050
Close 2016-06-17 C$ 2.63
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Canopy's Bedrocan receives licence to sell cannabis oil

2016-06-20 07:45 ET - News Release

Mr. Marc Wayne reports

BEDROCAN CANADA LAUNCHES BEDRO-OILS, STANDARDIZED CANNABIS OIL PRODUCTS

Bedrocan Canada Inc., a wholly owned subsidiary of Canopy Growth Corp., has received its Health Canada licence to sell cannabis oils in addition to dried cannabis products. Three varieties are available for sale today with the remaining three standardized Bedrocan varieties following shortly.

New bedro-oils are made by extracting oils from Bedrocan Canada's line of standardized whole-flower cannabis varieties using carbon dioxide supercritical extraction equipment. Once the crude extraction is purified, it is balanced with organic sunflower oil to create a versatile product that can be consumed on its own or used for baking or cooking.

"Many of our clients have expressed a desire to ingest cannabis oils to either complement or substitute the inhaled route," said Marc Wayne, president, Bedrocan Canada. "We're proud to offer this new option for patients who, whether for convenience or for health reasons, prefer to ingest their medical cannabis."

Along with Bedrocan Canada's sister company, Tweed Inc., the company has committed $50,000 toward partnerships with leading organizations committed to responsible use education. One dollar from every bottle of 10-to-1 bedro-oils sold will also go toward important initiatives such as a recently announced partnership with MADD Canada and the Canadian Drug Policy Coalition.

Keeping with Bedrocan Canada's commitment to true compassionate pricing, bedro-oils will be sold for $110 per 100-millilitre bottle.

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