SMITHS FALLS, ON, Feb 21, 2017 /CNW/ - Canopy Growth Corporation ("Canopy" or the "Company") (TSX: WEED) is pleased to announcethat it has entered into a memorandum of understanding ("MOU") with Namaste Technologies Inc. ("Namaste") (CSE: N, FSE: M5BQ), an emerging leader in the vaporizer and accessories space with 26 e-commerce retail stores in 20 countries. This MOU represents
The purpose of the MOU is to define the intention of Namaste and Canopy to expand their respective market positions by seeking to form multi-point working arrangements and exploring the development of new delivery devices for the consumption of cannabis. Pursuant to the terms of the MOU, Namaste and Canopy will work together to educate Namaste's Canada-based clients on the legal, regulated framework for medical cannabis. Namaste will also support Canopy on the development of Canopy branded vaporizers and accessories.
The commercial aspects of this partnership will be further expanded through a multi-function working group of Namaste and Canopy.
Here's to Future Growth.
About Canopy Growth CorporationCanopy Growth is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain varieties in dried and oil extract forms. Through its wholly?owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of indoor and greenhouse production capacity. Canopy Growth has established partnerships with leading sector names in Canada and abroad. For more information visit www.canopygrowth.com.
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SOURCE Canopy Growth Corporation
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