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or Name
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Canopy Growth Corp
Symbol WEED
Shares Issued 199,071,419
Close 2018-04-17 C$ 29.86
Market Cap C$ 5,944,272,571
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Canopy, Niagara College sign MOU for pot learning

2018-04-17 09:39 ET - News Release

Mr. Mark Zekulin reports

CANOPY GROWTH CORPORATION AND NIAGARA COLLEGE PARTNER TO EXPAND OPPORTUNITIES IN CANADA'S CANNABIS INDUSTRY

Canopy Growth Corp. and Niagara College have signed a memorandum of understanding (MOU) to create new experience-based learning opportunities for college students and graduates. This valuable partnership will also support the increased work force demand at Canopy Growth facilities across Canada and generate joint research and community engagement opportunities for the Niagara region, an area the company has proudly called home since June, 2014.

Canopy Growth and Niagara College will work together to foster learning in this rapidly growing industry while also supporting graduates searching for job opportunities. Internship and co-op opportunities will be available for students in the college's commercial cannabis production, horticultural technician, greenhouse technician and business programs, particularly at the Tweed Farms facility in Niagara-on-the-Lake, with additional placement opportunities available at Canopy Growth's 12 other facilities across the country. Tweed Farms is a wholly owned subsidiary of Canopy Growth and was the first greenhouse licensed in the sector under the Marijuana for Medical Purposes Regulations/Access to Cannabis for Medical Purposes Regulations.

This partnership opens the door to applied research projects in business operations, plant sciences and greenhouse technology that will further the mission of both organizations. Canopy Growth and the college will also seek joint opportunities to educate the Niagara community on the emerging cannabis industry through participation in community events and consultations.

"We're proud to partner with such a progressive institution like Niagara College, who are leading the way in preparing their students for success in an rapidly expanding industry and build on the support the region has demonstrated since the time we acquired the site in 2014," said Mark Zekulin, president, Canopy Growth. "As we continue our growth, it's essential to find candidates and employees with industry-specific knowledge. We look forward to working with Niagara College to educate and invest in our future work force as we build and define this exciting new industry."

In September, 2018, Niagara College will launch its commercial cannabis production graduate certificate program, Canada's first postsecondary credential in the production of commercial cannabis. Classes will be held at the college's Niagara-on-the-Lake campus in a state-of-the art, fully secure facility. Students will be trained in the cultivation and practices of cannabis production and will also possess the knowledge and skills to navigate the complex regulatory framework that governs the industry in Canada.

"Niagara College prides itself on strong industry partnerships that allow us to offer our students exceptional hands-on learning opportunities. As an educational leader, we are always looking at emerging industries such as commercial cannabis production. We are expanding on our industry relationships to support new education and applied research opportunities across this rapidly growing industry," said Dan Patterson, president, Niagara College. "Partnering with a world-leading organization like Canopy Growth will open up new career and development opportunities for our students and graduates and give them a head start in this very competitive market."

This announcement is timely as expansion efforts are well under way at Tweed Farms to bring the site from 350,000 square feet to approximately one million square ft by renovating an existing 458,000 square ft greenhouse on the adjacent property and building a brand new 212,000 square ft state-of-the-art greenhouse which has already been erected.

The rapid expansion of production space speaks to the promise of this industry and to Canopy Growth's commitment to the Niagara region.

The recently signed MOU will be in effect for two years and is not legally binding on either partner.

Here's to future (educational) growth.

About Canopy Growth Corp.

Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and softgel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time.

Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates seven cannabis production sites with over one million square feet of production capacity, including over 500,000 square feet of good manufacturing practice-certified production space.

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