SMITHS FALLS, ON, Nov. 8, 2018 /CNW/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) today announced that it has entered into a multi-year agreement with The Brink’s Company (NYSE: BCO) through its Brink’s Canada subsidiary to provide secure logistics and cash management services for Canopy Growth’s domestic and international cannabis operations.
The Brink’s Company is the global leader in total cash management, secure route-based logistics and payment solutions and its global infrastructure will allow Canopy Growth to scale efficiently as its logistics needs become increasingly complex.
“Brinks’ reputation as a trusted industry leader has been earned by providing reliable secure transport services for over 90 years in Canada,” said Mark Zekulin, President and Co-CEO, Canopy Growth. “As a cannabis producer with growing national and international needs, we are proud to enter into this agreement and look forward to working with Brink’s to consistently deliver a variety of high-quality cannabis products to our retail locations and affiliates across the country.”
“The cannabis industry requires at-scale security solutions in order to continue on a trend of global growth, and Brink’s is uniquely positioned to provide these solutions,” said Doug Pertz, Brink’s President and CEO. “Our partnership with Canopy Growth, the leading producer and exporter of cannabis, diversifies our customer base and leverages BGS’ global network of secure logistics operations. We look forward to building a strong relationship with Canopy Growth as it grows throughout Canada and continues to enter new international markets.”
In addition to providing secure logistics and cash management services, Canopy Growth and Brink’s will develop a cross-selling program that enables Brink’s to provide services to Canopy Growth’s affiliated growers and retail customers. Canopy Growth’s international transportation and security needs will be provided by Brink’s Global Services (“BGS”), a Brink’s subsidiary that provides secure logistics for international shipments of high-value commodities.
Here’s to Future (secure) Growth.
About Canopy Growth Corporation
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. The Company has operations in 12 countries across five continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing on the Toronto Stock Exchange and New York Stock Exchange to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. 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 ten licensed cannabis production sites with over 4.3 million square feet of production capacity, including over 500,000 square feet of GMP certified production space. For more information visit www.canopygrowth.com
For further information: Caitlin O’Hara, Media Relations, Caitlin.Ohara@canopygrowth.com, 613-291-3239; Investor Relations, Tyler Burns, Tyler.Burns@canopygrowth.com, 855-558-9333 ext. 122; Director: Bruce Linton, tmx@canopygrowth.com
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