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Canopy Growth Announces 5 Saskatchewan Retail Locations

Canopy Growth CorporationCanopy Growth Announces 5 Saskatchewan Retail Locations (TSX: WEED) announced on June 1st the company’s selection by the Saskatchewan Liquor and Gaming Authority (SLGA) to apply for five cannabis retail permits.  

The retail permits allow Canopy Growth to open physical retail environments for adult cannabis consumers. Similarly to Canopy Growth’s brand availability to adult consumers in several Canadian provinces.  

Canopy Growth’s brick-and-mortar setting provides an in-person experience of their Tweed brand. The five Saskatchewan locations will be located at Fort Qu’Appelle, Humboldt, Meadow Lake, Melville, and the Rural Municipality of Corman Park.

There is currently a present and operating Tweed Grasslands cultivation site in Yorkton, Saskatchewan. This Yorkton site is a fully licensed Access to Cannabis for Medical Purposes Regulations (ACMPR) cultivation facility that supports hemp and cannabis cultivation. However, the main focus of the facility is to improve the efficiency of cannabidiol supply chains.

WEED increased by 2.07% during normal trading hours on the date of the announcement made by Canopy Growth on June 1st. The stock continued to increase in value by an additional 0.28% during after hours trading.  Over the last 5 days WEED has increased by a total of 3.25% in value.

Canopy Growth Announces 5 Saskatchewan Retail Locations

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