Canopy Growth Corporation (CVE:CGC) told investors that is wholly owned subsidiary Tweed Farms Inc has been given a seal of approval from Health Canada for its marijuana at its facilities in Niagara-on-the-Lake, Ontario.
The new Health Canada licence allows Tweed Farms to produce 1,200 kilograms of dried marijuana.
The licence marks the completion of a major infrastructure expansion which, according to Tweed Farms, has seen it develop a vertically integrated cannabis campus.
At a 375,000 square feet facility it is now capable of growing, trimming, curing and storing Tweed Farm’s product. Canopy Growth said Tweed Farms would now seek a final sales licence, as soon as the first cannabis crop has been harvested and tested for sale.
Bruce Linton, chief executive of Canopy Growth, said: "This infrastructure completion and Health Canada approval milestone is a testament to the team at Tweed Farms who continue to execute our capacity-building as planned."
He added: “We acquired the greenhouse twenty two months ago to position ourselves as a large scale, low-cost producer capable of supplying a sizeable percentage of the market.
"We now have three distinct facilities licensed to produce a significant amount of finished goods, offering a growing number of patients a reliable, diverse and secure supply of cannabis and related oils products."