The devil is handing out deals....

...sign on the dotted line with your blood!

Canopy Growth Corporation (WEED - TSX)
SMITHS FALLS, ON, April 27, 2017 /CNW/ - Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or the "Company") is pleased to announce that following the successful launch of its first-in-class Craft Grow program which opens up access to genetics, knowledge and retail infrastructure to strategic partners, it has today committed $20 million in seed capital funding for a complementary but distinct company that will provide financial support to ACMPR applicants and existing Licensed Producers.

Specifically, the newly formed company, Canopy Rivers Corporation ("Canopy Rivers"), will operate as a joint venture with Canopy Growth. It will provide growth capital and strategic support to selected partners in exchange for a contracted stream of future cannabis production. Through its joint venture with Canopy Growth, it is also ideally positioned to provide strategic and operational support services on an as needed basis to help de-risk and expedite the development of its streaming counterparties and assist with the licensing process to help bring more producers to market faster.

As the global market leader in the cannabis industry, Canopy Growth receives inbound inquiries from applicants and operators across the country and abroad seeking strategic partnerships, operational support, wholesale off-take, and financial support. Since the launch of Tweed's Craft Grow platform earlier this month, the level of interest in these types of agreements has increased considerably and established a need for a related, but distinct vehicle to pursue these opportunities.

The establishment of Canopy Rivers as a separate entity creates a unique platform through which these opportunities can be pursued in a manner that allows counterparties to maintain control of their operations, formulate their own unique brands and strategies, and fortify their own positions as members of Canada's globally leading eco-system of emerging cannabis companies. It facilitates a lower cost, less dilutive source of growth capital that also comes with an opportunity to establish distribution via Canopy Growth's Tweed Main Street and Craft Grow programs and platform.

"As new companies pursue opportunities in the sector, accessing capital and successfully navigating the stringent regulatory environment continues to be critical gating items for many. Canopy Rivers helps to fill that void with a less costly and less dilutive way to foster the cannabis ecosystem of both boutique and commercial scale operators. Consumers benefit from a more diverse collection of producers and products; and companies get access to an alternative source of capital that comes with a lifeline to tap for support if they need it. Canopy Rivers gets to build and maintain a steady supply of cannabis at a predictable cost, and Canopy Growth gets access to an increased outlet for wholesale supply and differentiated products. This platform creates a mutually beneficial way to support industry growth," says Bruce Linton, Chief Executive Officer of Canopy Growth.

While initially a wholly owned subsidiary of Canopy Growth, Canopy Rivers will be operated and supported by a lean executive suite comprised of members from Canopy Growth's industry leading executive and professional support network. Details regarding the executive leadership team, strategic support partners, and Canopy River's initial capital and streaming structure will be released under separate cover by Canopy Rivers on Monday, May 1, 2017.

Here's to Future Growth for Everyone.

About Canopy Rivers Corporation

Canopy Rivers is a newly-formed and wholly-owned subsidiary of Canopy Growth focused on free cash flow generation and the aggregation of wholesale supply. Canopy Rivers will enter streaming agreements to purchase a portion of cannabis harvested from licensed producers in exchange for an upfront capital and additional ongoing payments upon delivery of the product. In return, Canopy Rivers will be supplied with high-quality cannabis at predictable costs. Partners of Canopy Rivers will benefit from Canopy Growth's world-leading expertise within the cannabis market while still allowing the partners to maintain day-to-day control over operational and strategic initiatives.

http://mobile.tmxmoney.com/quote/readnews/?id=5192380647824164&symbol=WEED

read the utter bs didnt want to pass it on

BOYCOTT ALL LP's...be smart will ya's

So basically the craft growers are going to have to go through one of the lousy poison pushers sorry producers. I do not want to be right but every other party involved in this so called (legalization) has had their piece of the pie handed to them... now this bs

I for one hope that canopy river never takes off and the craft growers of Canada ban together. The lousy producers are scared the craft growers have better genetics and growing practices.

It just gets sicker by the day......and the assholes who have purchased ANYTHING from these cunts helped to create this disgusting monster of a company.
Go to hell twood and anyone who supports you!

Well now you know where the licit seeds will come from. $20M isn't chump change. They are expecting a return on that, and it won't be by selling seeds for $5/each (which would be 4M seeds just to get to the initial nut).

Its not $20 million for seeds. Its a business term for lending money to start up companies.

GB and hippy are going to be pissed, but I will be growing for Tweed Rivers by summer 2019. Get with the future.

have at it..

Spend time at skuttlebut lodge?

In 2 years from now you guys will still be on here crying about LPs, meanwile I will be counting my money from my legal tweed crops... see ya, wouldn't want to be ya.

I would watch my back joining forces with the good old boys club... they wouldn't think twice about fucking someone over to line there own pockets hell the proof is the whole MMPR shit show money grab..... so sometimes if ya do a deal with the devil you get burned

torontomeds said:

In 2 years from now you guys will still be on here crying about LPs, meanwile I will be counting my money from my legal tweed crops... see ya, wouldn't want to be ya.

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no one will pay for shwags dude...you will fit right in

I'm no fan of ShiTweed, but have to give them credit for this move to get well ahead of any future competition. How does ShiTweed compete with these 100 new LP's when the come online? Shit, they're bleeding red ink now, they need BM help bigtime.

They're trying to coax say...1000+ MMAR craft growing BM DG's from the MMAR outta the shadows, and place them under the ShiTweed distribution umbrella with the aid of special licensing. If they can do that, they'll crush any/all future competition. The lure of the seed money to Ma & Pa and BM to aid with navigation of the legal licensing process to become legit will no doubt be enticing to some I'm sure.

Think of it as ShiTweed having 1000+ satellite craft grows across Canada, selling all their product to ShiTweed in small batch, bulk lots. They know that most BM MJ surpasses anything they produce, so you can be sure the devil is in the details with what kind of cut they get for helping move your brand out the door. It's almost like in 2013 when MMAR could "transfer" genetics to LP's, but sounds like ShiTweed has been successful in lobbing the gov for a more formal, legally defined arrangement with crafties.

But, if you're a BM grower now hiding behind pinks, they're dangling the carrot. You keep your brand and grow it. They test it, package it in your brand labels, ship it out the door. If you're a BM grower, do you really care who buys your product at the end of the day? ShiTweed wants to think of itself as the Beer Store or LCBO, an outlet for all brands of Cannabis...and especially that BM fiya!

Like it said, the devil is always in the details...especially when dealing with the devil himself.

What's a soul go for these days?!?!

TheRealDman said:

I'm no fan of ShiTweed, but have to give them credit for this move to get well ahead of any future competition. How does ShiTweed compete with these 100 new LP's when the come online? Shit, they're bleeding red ink now, they need BM help bigtime.

They're trying to coax say...1000+ MMAR craft growing BM DG's from the MMAR outta the shadows, and place them under the ShiTweed distribution umbrella with the aid of special licensing. If they can do that, they'll crush any/all future competition. The lure of the seed money to Ma & Pa and BM to aid with navigation of the legal licensing process to become legit will no doubt be enticing to some I'm sure.

Think of it as ShiTweed having 1000+ satellite craft grows across Canada, selling all their product to ShiTweed in small batch, bulk lots. They know that most BM MJ surpasses anything they produce, so you can be sure the devil is in the details with what kind of cut they get for helping move your brand out the door. It's almost like in 2013 when MMAR could "transfer" genetics to LP's, but sounds like ShiTweed has been successful in lobbing the gov for a more formal, legally defined arrangement with crafties.

But, if you're a BM grower now hiding behind pinks, they're dangling the carrot. You keep your brand and grow it. They test it, package it in your brand labels, ship it out the door. If you're a BM grower, do you really care who buys your product at the end of the day? ShiTweed wants to think of itself as the Beer Store or LCBO, an outlet for all brands of Cannabis...and especially that BM fiya!

Like it said, the devil is always in the details...especially when dealing with the devil himself.

What's a soul go for these days?!?!

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Me thinks Tweed knows the market is going to be opened up for the small growers and they are trying to curtail their competition. The suckers that fall for this will be locked into whoring for tweed while those who waited for the program to unfold will enter the industry as true self-employed entrepreneurs. I wouldn't have my name associated with any lousy producer...but that's just me.

Nice of them to let other people grow product for them, knowing that they can't produce enough themselves to make a profit. Anyone who takes the bait is an idiot. They sure aren't doing it out of common decency. Corporations don't have any. Actually though, I expect that many people will be forced to sell to Canopy, at a cut rate, because they'll have the market cornered coast to coat. They already have the customer lists.

My advice, just ignore the Government entirely, like always. With the laws still being grossly unfair, I suggest that all Canadians simply not buy from the Govt shops until they make REASONABLE laws, not shit ones. I don't recall being consulted on what the laws should be, do you? They didn't ask us shit, just foisted some crap on us arbitrarily, which they haven't shown the basis for. They said it would be fact based. They just told us what some advisory committee came up with, not how they arrived at it.

BobCajun said:

Anyone who takes the bait is an idiot.

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been tellin the "take it up the wazzo people" for years now.
the sad ones join the club being the terrified little wanna be's they are


I feel sad for anyone who is forced to take LP Poison Shwags!!!!

and too see the ones forced to BUY this POISON shwags ,,,,,actually here promoting it? is the funniest part of all,,,,

aint that right you bunch of LP wanna SCARED STUCK FORCED SHEEPLE!...

been sayin it now for a good long time

there is no RIGHT way to do this... you do what you need to do.
To think you will find a way of doing it right?!?!?! lmaorotff
there is no right way as things stand!!!
As has been said from day one joining this site .
grow your own meds if you need them and have an OK from your Doctor,
Paid for scripts will see your doctor not stand behind you in court!!

torontomeds said:

In 2 years from now you guys will still be on here crying about LPs, meanwile I will be counting my money from my legal tweed crops... see ya, wouldn't want to be ya.

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Good luck, Tweed has been operating for 3 years without turning a profit. Essentially your selling out to the man. Congratulation.

Itsme.

BobCajun said:

Nice of them to let other people grow product for them, knowing that they can't produce enough themselves to make a profit. Anyone who takes the bait is an idiot. They sure aren't doing it out of common decency. Corporations don't have any. Actually though, I expect that many people will be forced to sell to Canopy, at a cut rate, because they'll have the market cornered coast to coat. They already have the customer lists.

My advice, just ignore the Government entirely, like always. With the laws still being grossly unfair, I suggest that all Canadians simply not buy from the Govt shops until they make REASONABLE laws, not shit ones. I don't recall being consulted on what the laws should be, do you? They didn't ask us shit, just foisted some crap on us arbitrarily, which they haven't shown the basis for. They said it would be fact based. They just told us what some advisory committee came up with, not how they arrived at it.

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Over 30,000 people gave input on legalization, there was a hotline you could give input to. You had your chance.

Itsme.

itsmehigh said:

Over 30,000 people gave input on legalization, there was a hotline you could give input to. You had your chance.

Itsme.

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True enough...too bad they chose to ignore input from those with the most knowledge and skin in the game. Like any other government 'consultation' it was a show to distract people from what was really happening.

BobCajun said:

Nice of them to let other people grow product for them, knowing that they can't produce enough themselves to make a profit. Anyone who takes the bait is an idiot. They sure aren't doing it out of common decency. Corporations don't have any. Actually though, I expect that many people will be forced to sell to Canopy, at a cut rate, because they'll have the market cornered coast to coat. They already have the customer lists.

My advice, just ignore the Government entirely, like always. With the laws still being grossly unfair, I suggest that all Canadians simply not buy from the Govt shops until they make REASONABLE laws, not shit ones. I don't recall being consulted on what the laws should be, do you? They didn't ask us shit, just foisted some crap on us arbitrarily, which they haven't shown the basis for. They said it would be fact based. They just told us what some advisory committee came up with, not how they arrived at it.

Click to expand...

This is what I wrote the legalization task force:


To: "[email protected]" <[email protected]>
Subject: Legalization of cannabis

To whom it may concern

I am writing to you as a medical cannabis user and law abiding Canadian citizen with a young family and clean driving/criminal record. I would like to first congratulate the liberal government for taking the steps towards legalization.

With this step towards legalization we must use rational, accurate information that is transparent and accessible to all Canadians. I was wondering about this line (legalize and strictly regulate cannabis). If Canada is to be a trailblazer in legal cannabis sales, distribution etc. We must not strictly regulate to stop the black market. Instead we need to flood the market with cannabis products. Thus causing the black market to no longer see cannabis as a financially viable racket. The reffermaddness protect the children propaganda needs to stop. With the access to information we have at our finger tips known as the Internet.

Especially when it comes down to protecting the developing brain from cannabis. This idea that cannabis is a detrimental threat to the developing brain is at best propaganda. If not then please point me in the direction of all the Canadians that have had there developing brains adversely effected by cannabis use? Of course Canada should be littered with people with developmental issues. According to our own government studies stating that young Canadians have some of the highest use of cannabis in the world. So again I ask were are all the medical records of developmental issues as evidence?

If the Canadian government is wanting to protect our children. The best thing to do is be honest and provide factual based evidence. To single cannabis out as something detrimental to our youth is somewhat confusing. As cannabis had not one linkable death. Meanwhile as a concerned parent we should really be looking at the epidemic of prescription drug abuse among our youth? Or the fact that energy drinks can be bought at any gas station in Canada without proof of age. These energy drinks have been actually linked to deaths of young Canadians and yet our government goes after the lesser of the evils cannabis. A little confusing from a parents perspective! If the actual goal of the government is to protect our children then please immediately stop the sale of energy drinks to our youth.


Cannabis and driving. If a person can not pass a road side sobriety test they are IMPAIRED. To think that the Canadian government is going to try any kind of cannabis breathalyzer is laughable and discriminative to say the least. Being a law abiding Canadian citizen with an illness that cannabis helps. I feel very insulted as a medical patient. To think that if our government actually goes ahead with a nanogram breathalyzer. It will have major adverse affects on 10s of thousands of medical cannabis patients. Thus causing law abiding Canadian citizens already struggling with illness to turn into criminals for driving with medical cannabis in our systems in any quantity is discrimination.

Production and distribution of medical and recreational cannabis should not be limited to only select few of legal producers or government sanctioned outlets. Thus causing a monopoly system that only allows the top 5% of the population a chance for the golden ticket! Exactly why the current MMPR legal producer system was rejected first by the patients then by the courts as unconstitutional (via the Allard case)

I was also wondering if the task force had a chance to review the Allard case. Lots of adverse points of home grows that the task force brought up were actually proven to be false in the Allard case.

Examples of propaganda:

That medical home grows were diverting to organized crime. Absolutely no evidence proven in the Allard case.

Risk of fire and mould also proven to be null and void points. Many Canadians grow plants indoors tomatoes etc with out any mould or fire issues. Home grows are no more dangerous then a kitchen is in a home. So with the same reasoning for banning home grows we should also ban kitchen due to risk of fire and mould also proven in the Allard case.

If we are to have a legal cannabis system that works for all Canadians. Our government must treat the general population of Canadian adults with respect and the freedom to choose to grow your own cannabis or purchase it from a store front. From corporate cannabis to mom and pop producers if the legal frame work does not allow room for everyone. It will surely fail before it starts.

Thanks for the opportunity to share my views.