21:50:09 EDT Wed 01 May 2024
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Canopy Growth Corp
Symbol WEED
Shares Issued 829,083,667
Close 2023-11-28 C$ 0.73
Market Cap C$ 605,231,077
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Canopy Growth, Martha Stewart roll out CBD gummy line

2023-11-29 09:49 ET - News Release

Ms. Tara Rozalowsky reports

MARTHA STEWART CBD DEBUTS NEW NEED-BASED GUMMIES TARGETING SLEEP, STRESS, AND DISCOMFORT

Martha Stewart CBD, in partnership with Marquee Brands and Canopy Growth Corp., has unveiled a new line of need-based CBD gummies, broadening the brand's evolving wellness assortment, just in time for the holidays. Martha Stewart CBD products provide consumers with convenient, plant-based solutions to help people feel their best all day, every day.

Sleep deprived? Stressed? Sore? Ms. Stewart has a CBD (cannabidiol) gummy for that.

The new line was developed in response to consumer demand for targeted solutions that address their most common needs: sleep, stress, and the discomfort of aches and soreness. Each product is formulated with higher levels of CBD and powerful co-active ingredients selected for their known efficacy.

"I'm often asked how I maintain my energy with such a busy schedule, and, for me, it's essential to start each day well-rested, unbothered and pain-free," said Ms. Stewart. "I discovered CBD several years ago as a simple, effective and natural solution to help address the discomforts of everyday life. Having benefited greatly from it myself, I set out to create a delicious and premium line of gummies that taste as good as they make you feel."

In partnership with Marquee Brands and Canopy Growth, a world-leading diversified cannabis and cannabinoid-based consumer product company, Ms. Stewart's new solution-oriented formulations combine her signature elevated flavour profiles with Canopy Growth's unique consumer insights and continuous industry innovation. The result is three delicious, effective and tailored new offerings:

  • Sleep CBD Gummies: A berry medley with notes of Montmorency cherry, elderberry and boysenberry:
    • 25 milligrams (mg) CBD and three mg melatonin;
    • 60 count for $59.99 MSRP (manufacturer's suggested retail price).
  • Chill CBD Gummies: A citrus-forward concoction of tangerine, yuzu and pomelo:
    • 25 mg CBD and 50 mg L-theanine;
    • 60 count for $59.99 MSRP.
  • Extra Strength CBD Gummies: An orchard-inspired blend of pluot, apricot and California red peaches:
    • 30 mg CBD;
    • 60 count for $59.99 MSRP.

"As consumers focus on finding the ways to feel their best, CBD use continues to grow, fuelled by categories like gummies that have become an integral part of wellness routines," said Tara Rozalowsky, chief growth officer and president, international, Canopy Growth. "Martha Stewart is a trusted household name because people of all ages turn to her for candid advice and simple, sensible solutions to everyday problems. The new Martha Stewart CBD needs-based gummies deliver just that -- accessible, reliable relief when and where you need it most."

For more information on these new offerings, please visit the Martha Stewart CBD website. Martha Stewart CBD is now available on an affiliate program.

About Canopy Growth Corp.

Canopy Growth is a leading North American cannabis and consumer packaged goods (CPG) company dedicated to unleashing the power of cannabis to improve lives. Through an unwavering commitment to its consumers, Canopy Growth delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7Acres, Tweed and Deep Space. Canopy Growth's CPG portfolio features targeted 24-hour skin care and wellness solutions from This Works, gourmet wellness products by Martha Stewart CBD, and category-defining vaporizer technology made in Germany by Storz & Bickel.

Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the United States tetrahydrocannabinol market through its rights to Acreage Holdings Inc., a vertically integrated multistate cannabis operator with principal operations in densely populated states across the northeast, as well as Wana Brands, a leading cannabis edibles brand in North America, and Jetty Extracts, a California-based producer of high-quality cannabis extracts and a pioneer of clean vape technology.

Beyond its world-class products, Canopy Growth is leading the industry forward through a commitment to social equity, responsible use and community reinvestment -- pioneering a future where cannabis is understood and welcomed for its potential to help achieve greater well-being and life enhancement.

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