Canopy Growth operates eleven licensed cannabis production sites with over 5.2 million square feet of production capacity, including over one million square feet of GMP certified production space. Examples of such statements include leading endorser of CBD products once permitted by the NFL and undergoing expansion into the U.S and Europe. The transaction provides Canopy Growth with a significant platform to enter the sports nutrition and hydration segment, and lays the groundwork for the adoption of cannabidiol ("CBD") in future product offerings in accordance with regulations globally including products to be sold in the U.S. containing CBD sourced from federally permissible industrial hemp.
Furthermore, investing in such securities involves substantial risk of loss and investors should seek advice from financial professionals before investing. Add to Cart [[ formatted_image ]] [[ product_title ]] [[ variant_title ]] [[ formatted_price ]] ##DISCOUNT_DESCRIPTION## [[ discount_description ]] ##DISCOUNT_DESCRIPTION## QTY. Notice Regarding Forward Looking Statements Paradigm Capital Inc. has acted as BioSteel's financial advisor and McCarthy Tetrault LLP has acted as BioSteel's legal counsel in connection with the transaction.
The transaction gives Canopy Growth a 72% stake in BioSteel with an agreed upon path to 100% ownership. 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. For more information visit www.canopygrowth.com. Technical420, LLC.
“The consumer market and many of our athletes have a growing knowledge of cannabis and CBD products and this partnership ensures that we will continue to raise the bar in the sports nutrition field.”. BioSteel products have been purchased by over 70% of the teams in North America's four major sports leagues and ambassadors of the brand include: Ezekiel Elliott, of the Dallas Cowboys; Connor McDavid, of the Edmonton Oilers; WTA player, Eugenie Bouchard; Andrew Wiggins with the Minnesota Timberwolves; Tyler Seguin with the Dallas Stars; Jalen Ramsey, with the Jacksonville Jaguars; NHL Hall of Famer, Wayne Gretzky; Gleyber Torres, with the New York Yankees; and Smiths Falls very own, LPGA golfer Brooke Henderson. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information or forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities laws.
In particular, Elliott's agreement with BioSteel allows them to activate the star running back as the leading endorser of CBD products once permitted by the NFL.
#TEAMBIOSTEEL has a combined following over 10 million followers between Twitter, Instagram and Facebook. The transaction provides Canopy Growth with a significant platform to … Canopy Growth stock, marijuana stocks rebounded. "BioSteel has a reputation for being a best-in-class provider of natural sports nutrition products and all of its products are well positioned to benefit from the increasing trend of plant-based and all-natural products, preferred not only by professional athletes, but active consumers as well," commented Mark Zekulin, CEO, Canopy Growth. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including CBD regulations, and such risks contained in the Company's annual information form dated June 27, 2018 and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com. To date no active player has been able to do so. Joining Canopy Growth, the world leader in cannabis research, development and production, reflects the natural evolution of our brand and will allow us to expand our product offering and global distribution,” said John Celenza, Co-Founder and Co-CEO, BioSteel Sports Nutrition. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release. While no terms were released in the company's press release, it may not be ideal for investors, whether it's stock or cash that will fund the purchase. Here's to Future Growth (fueled by BioSteel). Examples of such statements include leading endorser of CBD products once permitted by the NFL and undergoing expansion into the U.S and Europe.