CANOPY GROWTH KICKS OFF THE NEW YEAR WITH NEW PRODUCTS FROM TWEED, 7ACRES, AND SPECTRUM THERAPEUTICS

Rhea-AI Summary

Canopy Growth Corporation (CGC) introduces new product offerings across the Company's adult use and medical cannabis portfolio, including new Tweed softgels and oils featuring minor cannabinoids, a large format flower offering from Tweed, and new medical exclusive pre-roll products from 7ACRES and Spectrum Therapeutics. The new products aim to provide a variety of options for both adult use and medical cannabis consumers, focusing on convenience, wellness, and flavor.

Market Research Analyst

The introduction of new cannabis products by Canopy Growth Corporation represents a strategic move to diversify and innovate within their product line, aiming to meet evolving consumer demands. The launch includes a variety of products such as high-THC flower strains, medical cannabis pre-rolls and wellness-focused softgels and oils that feature minor cannabinoids like CBG (cannabigerol) and CBN (cannabinol). These minor cannabinoids are gaining attention for their potential therapeutic benefits and by incorporating them into their product mix, Canopy Growth is positioning itself to capture a broader market share.

From a market perspective, the introduction of large format flower offerings like the Tweed Lemon Meringue Pie addresses the consumer segment looking for bulk purchases, which could increase sales volume. Additionally, the emphasis on terpene profiles, such as a-Pinene, Myrcene and Limonene, highlights a growing consumer interest in the aromatic and experiential aspects of cannabis products. This focus on product differentiation is crucial in a competitive market where consumers are increasingly educated and discerning.

For investors, the expansion of Canopy Growth's product portfolio can be seen as an effort to drive revenue growth and improve market positioning. However, the success of these new product launches will ultimately depend on consumer acceptance, regulatory compliance and the company's ability to effectively market and distribute its products.

Medical Research Analyst

The spotlight on CBD and minor cannabinoids such as CBG and CBN in Canopy Growth's new product offerings reflects a growing interest in the nuanced effects of cannabis beyond THC. Research into minor cannabinoids is still in its early stages, but preliminary studies suggest potential health and wellness benefits, including anti-inflammatory properties and improved sleep. By offering products with varying ratios of CBD to CBG and CBN, Canopy Growth is tapping into the wellness trend and providing consumers with more tailored options for their personal health regimes.

Medical cannabis consumers, in particular, may find the new pre-roll products from 7ACRES and Spectrum Therapeutics appealing due to their convenience and the specific therapeutic effects associated with their terpene profiles and cannabinoid content. The medical cannabis market has unique requirements in terms of product consistency and efficacy, which Canopy Growth appears to be addressing with these launches.

It is important to monitor how these products perform clinically and commercially, as their success could influence future R&D investments in the cannabis sector. The medical community and investors alike should pay close attention to patient feedback and clinical outcomes associated with these new offerings, as they could impact prescribing trends and market dynamics.

Financial Analyst

Canopy Growth Corporation's announcement of new cannabis products is a noteworthy development for investors, signaling the company's proactive approach to capturing emerging market trends. The diversification into products featuring minor cannabinoids could potentially open up new revenue streams and differentiate the company in a crowded marketplace. Financially, the success of these products will be a key factor in Canopy Growth's performance, potentially impacting its stock valuation.

The cost implications of producing these new offerings, including sourcing rare cannabinoids and maintaining quality control, will be an important aspect to consider. Additionally, the company's ability to scale these products and manage supply chain logistics will influence profit margins. Investors should also be aware of the regulatory environment, as changes in cannabis legislation can have direct impacts on product viability and market access.

Long-term, if these products gain traction, they could contribute to a stronger brand presence and customer loyalty, leading to sustained revenue growth. However, investors should exercise due diligence and monitor the company's quarterly financials and market feedback to gauge the actual impact of these product launches on the company's bottom line.

SMITHS FALLS, ON, Jan. 24, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC), a world-leading diversified cannabis company, today announced the introduction of new product offerings across the Company's adult use and medical cannabis portfolio, including new Tweed softgels and oils featuring minor cannabinoids, a large format flower offering from Tweed, as well as new medical exclusive pre-roll products from 7ACRES and Spectrum Therapeutics.

"In addition to launching new flower products, we're making it easier to access CBD and minor cannabinoids in convenient oil and softgel formats to support wellness-minded consumers looking to start the year feeling their best," said Dave Paterson, President, Canada, Canopy Growth. "For our medical cannabis consumers, we're proud to continue delivering the variety and convenience that the Spectrum Therapeutics store is synonymous for thanks to new pre-rolls from 7ACRES and the Spectrum Reserve."

Tweed Lemon Meringue Pie flower

For consumers not wanting to compromise quality for quantity, Tweed Lemon Meringue Pie is being served up fresh in a large format 28g package. Packed with sativa whole cannabis flower which has been derived from the Lemon Skunk and Cookies 'n' Cream lineage, it features terpenes a-Pinene, Myrcene and Limonene. Tweed's Lemon Meringue Pie boasts lemon, citrus and nutty vanilla aromas, is hang-dried, and comes in with a 23-29% THC range. Grown in our Kincardine, Ontario facility and packaged with a Boveda humidity control pack to ensure freshness, this new flower offering is full of flavour just like lemon meringue should be.  

7ACRES Jack Haze pre-rolls

7ACRES Jack Haze pre-rolled joints are arriving in a 0.5gx14 large pack and feature the famous sativa-dominant cultivar with a unique combination of sweet citrus, crisp pine, and warm spice notes. With a range of 17-23% THC and a max CBD potency of 25%, 7ACRES Jack Haze was the result of a large-scale genetic selection program with the goal of finding this novel sativa expression. This phenotype stood out among the rest as it possessed both the sweet haze notes characteristic of a haze cultivar, along with a distinct spice aroma.

Spectrum Reserve pre-rolls

Exclusive for medical cannabis customers, Spectrum Therapeutics is extending its Spectrum Reserve collection with Alien Breath and (GG#4 x Mendo Breath) pre-roll joints. Coming in a 0.5gx10 large pack of pre-rolls, this hybrid strain delivers a high 22-28% THC range. The flower's berry, fruity, nutty, sour, and chemical notes derive from its Alien Breath and (GG#4 x Mendo Breath) lineage and its terpenes include 3.5% β-Caryophyllene, 6% D-Limonene, 6.5% Beta Myrcene, and 10% Pinene (Alpha & Beta).

With consumer needs top of mind, Tweed has also introduced four new products featuring CBD and minor cannabinoids in both oil and softgel formats. 

Tweed CBD:CBG 4:1 Oil 

A newly formulated cannabis oil arriving in a 30mL bottle, Tweed CBD:CBG 4:1 is designed to pair with well-being focused daily routines and provides 100 mg/g CBD and 25 mg/g CBG.

Tweed CBD:CBG 6:1 Softgels 

For those who prefer the convenience and portability of the softgel format, Tweed CBD:CBG 6:1 is available with 30 softgels per bottle each containing 60 mg of CBD and 10 mg CBG.

Tweed CBD:CBN 4:1 Oil

Coming in a 30mL oil format, the Tweed CBD:CBN 4:1 oil offering is designed to become part of a nightly routine and delivers 100 mg/g CBD and 25 mg/g CBN.

Tweed CBD:CBN 6:1 Softgels

Another win for those who prefer the convenience of softgels, Tweed CBD:CBN 6:1 is available with 30 softgels per bottle each containing 60 mg of CBD and 10 mg CBN.

Tweed oil and softgel products are made with non-GMO, coconut derived MCT oil and blended cannabis extracts. All Tweed offerings are available for purchase via legal recreational cannabis e-commerce channels and retail locations in select regions. 7ACRES and Spectrum products are available for purchase online at spectrumtherapeutics.com. For more information, please visit Tweed and Spectrum Therapeutics.

Disclaimer:
Terpene amounts may vary on a per-lot basis due to the natural variability of cannabis plants. THC and CBD ranges may vary. See product packaging for accurate levels. Everyone experiences cannabis differently.

About Canopy Growth

Canopy Growth is a leading North American cannabis and consumer packaged goods ("CPG") company dedicated to unleashing the power of cannabis to improve lives. Through an unwavering commitment to our consumers, Canopy Growth delivers innovative products with a focus on premium and mainstream cannabis brands including Doja, 7ACRES, Tweed, and Deep Space. Canopy Growth's CPG portfolio includes gourmet wellness products by Martha Stewart CBD, and category defining vaporizer technology made in Germany by Storz & Bickel.

Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through its rights to Acreage Holdings, Inc., a vertically integrated multi-state cannabis operator with principal operations in densely populated states across the Northeast, as well as Wana Brands, a leading cannabis edible brand in North America, and Jetty Extracts, a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology.

Beyond our world-class products, Canopy Growth is leading the industry forward through a commitment to social equity, responsible use, and community reinvestment—pioneering a future where cannabis is understood and welcomed for its potential to help achieve greater wellbeing and life enhancement.

For more information visit www.canopygrowth.com

References to information included on, or accessible through, our website do not constitute incorporation by reference of the information contained at or available through our website, and you should not consider such information to be part of this press release.

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SOURCE Canopy Growth Corporation

FAQ

What new product offerings has Canopy Growth Corporation introduced?

Canopy Growth Corporation has introduced new product offerings across their adult use and medical cannabis portfolio, including new Tweed softgels and oils featuring minor cannabinoids, a large format flower offering from Tweed, and new medical exclusive pre-roll products from 7ACRES and Spectrum Therapeutics.

What are the key features of the Tweed Lemon Meringue Pie flower?

The Tweed Lemon Meringue Pie flower is a large format 28g package containing sativa whole cannabis flower derived from the Lemon Skunk and Cookies 'n' Cream lineage, featuring terpenes a-Pinene, Myrcene, and Limonene, with a THC range of 23-29%.

What are the main features of the 7ACRES Jack Haze pre-rolls?

The 7ACRES Jack Haze pre-rolled joints come in a 0.5gx14 large pack, featuring a sativa-dominant cultivar with a range of 17-23% THC and a max CBD potency of 25%.

What new products featuring CBD and minor cannabinoids has Tweed introduced?

Tweed has introduced four new products featuring CBD and minor cannabinoids in both oil and softgel formats, including Tweed CBD:CBG 4:1 Oil, Tweed CBD:CBG 6:1 Softgels, Tweed CBD:CBN 4:1 Oil, and Tweed CBD:CBN 6:1 Softgels.

Where are the new products available for purchase?

All Tweed offerings are available for purchase via legal recreational cannabis e-commerce channels and retail locations in select regions. 7ACRES and Spectrum products are available for purchase online at spectrumtherapeutics.com.