09:58:34 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canopy Growth Corp
Symbol WEED
Shares Issued 402,858,012
Close 2022-06-29 C$ 4.49
Market Cap C$ 1,808,832,474
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Canopy begins pot drink summer marketing campaign

2022-06-30 09:32 ET - News Release

Ms. Tara Rozalowsky reports

CANOPY GROWTH CELEBRATES SUMMER WITH NEW 'JUST HITS DIFFERENT' BEVERAGE CAMPAIGN

Canopy Growth Corp. has increased its cannabis beverage portfolio and begun a brand campaign that drives awareness of its wide range of cannabis beverages just in time for the summer season. Boasting the category's fastest growing brands, Canopy Growth continues to show its leadership in beverages and continuing commitment to meeting customer demand.

The company showcases its diverse portfolio of cannabis beverages in its new Just Hits Different brand campaign, which offers adult consumers a new way to enjoy familiar experiences, and a different type of drink to consume during special summer occasions like long weekends. The campaign comes to life across digital and social channels and aims to drive traffic, create awareness and convert sales in store.

The campaign also features an interactive and educational flavour sampling program, the biggest the category has ever seen. Consumers can visit one of more than 1,400 Canadian cannabis retail locations to try a non-active flavour sample of products like Tweed Fizz Mango, Tweed Iced Tea Lemon, Deep Space Limon Splashdown, and Quatreau Passionfruit and Guava. The pop-up sampling events give consumers an opportunity to learn about the products, engage with brand ambassadors and experience the flavours before adding them to their shopping cart.

When consumers arrive in store, they will see a bigger-than-ever range of flavour-forward cannabis beverages from brands like Tweed, a five-milligram THC (tetrahydrocannabinol) segment leader, and Deep Space, a high potency 10-milligram THC brand known for its bold, nostalgic flavours with a unique twist. Familiar favourites from Quatreau and Ace Valley, plus new offerings from Vert, round out the summer line-up, giving consumers a wide variety of options.

To make room for its new offerings and increased distribution, 785 fridges have been added in retail locations across the country, quadrupling their fridge footprint and further emphasizing the breadth and depth of their beverage portfolio.

"Our insights tell us that taste and seasonality play a key role in consumer choice, which is why we're excited to offer a range of new and familiar flavours for the summer," said Tara Rozalowsky, vice-president of brand marketing at Canopy Growth. "Our sampling events give consumers a chance to try our great-tasting beverage flavours, so when they're ready to add a beverage to their basket and experience cannabis in a whole new way, they know what our brands have to offer."

In addition to the recently announced Deep Space Orange Orbit, The Grape Unknown, and range of Tweed Fizz and cannabis iced tea beverages, consumers will be able to enjoy three new beverage offerings debuting this summer:

  • Deep Space Ginger Ale Galaxy: Small, potent and ready-to-go, this infused carbonated beverage inspired by one of the top five carbonated drink flavours, offers the gingery bite of a classic ginger ale, but with a unique twist of lemon grass. It is fuelled by 10 mg of THC and comes in a 222-millilitre sleek can.
  • Vert Solstice (Quebec only): Offered in a 222-millilitre can, this sparkling citrus and ginseng flavoured drink contains five mg of CBD (cannabidiol) and 2.5 mg of THC.
  • Vert Eclipse (Quebec only): Offered in a 222-millilitre can, this sparkling blackberry and lavender flavoured drink contains 10 mg of CBD and two mg of THC.

Canopy Growth's beverage offerings are available for purchase via legal recreational cannabis retail locations and e-commerce channels, with select products available in certain regions and for a limited time only.

About Canopy Growth Corp.

Canopy Growth is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation, the company offers product varieties in high-quality dried flower, oil, softgel capsule, infused beverage, edible and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. The company's global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its colour-coded classification system and is a market leader in both Canada and Germany. Through the company's award-winning Tweed and Tokyo Smoke banners, the company reaches the company's adult-use consumers and has built a loyal following by focusing on top-quality products and meaningful customer relationships. Canopy Growth has entered into the health and wellness consumer space in key markets, including Canada, the United States and Europe, through Biosteel sports nutrition and This Works skin and sleep solutions; it has introduced additional federally-permissible CBD products to the United States through the company's First & Free and Martha Stewart CBD brands. Canopy Growth has an established partnership with Fortune 500 alcohol leader Constellation Brands.

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