New $40M production facility will increase Canopy Growth’s cannabis output by more than 5,000kg annually, create more than 130 jobs in Fredericton, NB
SMITHS FALLS – Canopy Growth Corporation (TSX: WEED), (NYSE: CGC) (“Canopy Growth” or the “Company”) is pleased to announce that it has received a cultivation licence from Health Canada for its facility in Fredericton, New Brunswick. With this licensing, Canopy Growth predicts the facility will initially produce more than 5,000kg of cannabis annually, with first harvests expected to become available to the market within six months.
Developed in collaboration with Canopy Rivers Inc. (TSXV: RIV) and operating under Canopy Growth’s flagship Tweed brand, the facility will support the Company’s global and local operations with high quality, large-scale cannabis production capabilities that will serve the needs of recreational and medical customers. To meet that demand, Canopy Growth expects to create more than 130 jobs at the Fredericton plant.
“New Brunswick has emerged as a leader in the legal cannabis sector and the province is an excellent place to do business,” said Bruce Linton, co-CEO and Chairman, Canopy Growth. “We will leverage our existing operational expertise to ensure we support the needs of our customers while making a meaningful contribution to the local economy primarily through new job creation.”
Canopy Growth expects to fill a wide variety of jobs at the facility, including lab supervisors, technologists, growers, post-harvest crews, quality assurance experts, as well as shipping and maintenance crews. Their combined efforts will position the facility as one of Atlantic Canada’s leading growth operations, capable of supplying the market with a steady, reliable and high-quality stream of commercial cannabis products. With distribution and strong partnerships across each of Atlantic Canada’s provinces, this facility further strengthens the Company’s commitment to the region.
In the coming weeks, Canopy Growth looks forward to sharing details regarding local job fairs to fill these positions. Interested applicants are encouraged to monitor canopygrowth.com/careers and the Company’s Twitter feed @CanopyGrowth for more information.
Here’s to Future (Maritime) Growth.