Tweed nominated for Karma Cup and Grow Up
Awards; Wana a finalist for Grow Up Award
SMITHS
FALLS, ON, Aug. 30, 2023 /CNW/ - Canopy Growth
Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq:
CGC), a world-leading diversified cannabis company, today announced
that two of the Company's brands in the Canadian adult-use market
have been recognized as finalists for prestigious industry
awards.
Illustrating the impact of an impressive brand evolution,
Tweed's Kush Mints has been nominated for a 2023 Karma Cup in the
Hybrid Flower category, as it has demonstrated its consumer appeal
with Tweed Kush Mints 28g being the fourth best performing flower
SKU in Canada in Q1
FY20241. Celebrating cannabis innovation, creativity,
and quality, the Karma Cup Awards recognized Tweed's Kush Mints for
its unique cross between Animal Mints and Bubble Kush. Sourced from
a private library and demonstrating Tweed's commitment to flower
innovation, Kush Mints boasts a high terpene content near 2.5% --
setting it apart from the competition -- and has driven 73% of the
28g segment's growth nationally in the first three months of
2023.
The Tweed brand is also a finalist for a Grow Up Award in the
Brand of the Year category. The Grow Up Awards honor the best
cannabis growers, retailers, and suppliers throughout Canada. Tweed was selected as a finalist
following a national resurgence which saw the brand rise to the #8
rank within the total flower segment of the Canadian adult-use
cannabis market in Q1 FY2024, moving up 19 places
year-over-year.
"Tweed has long been a staple in the cannabis landscape, and we
have worked hard to restore and enhance its quality and leadership
in the category," said Dave
Paterson, President, Canada Canopy Growth. "Throughout the
brand's evolution, we have focused on the needs of consumers and
elevated our quality. These honors are exciting evidence of the
progress and power of the Tweed brand."
Further showcasing Canopy Growth's brand momentum across
categories, Wana was also honored as a Grow Up Award finalist for
Edible of the Year. Wana, North
America's #1 edibles company and one of Canada's leading edibles brands, has driven
consumer loyalty and industry recognition for its lineup of Wana
Classic gummies, as well as Wana
Quick gummies. Known for its relentless commitment to
hand-crafted recipes and exceptional flavour profiles, Wana has
established itself as a trailblazing leader in the edible's
space.
"Both Tweed and Wana's recognitions are a testament to the
vision and innovation of our hard-working team and Canopy Growth's
dedication to creating brands and products that delight customers
and enhance their lives," said Paterson. "We are incredibly
grateful to the Grow Up Awards and the Karma Cup for recognizing
our unwavering commitment to developing a portfolio of cannabis
products indicative of a leading North American cannabis
company."
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|
1 Unless
otherwise indicated, market share data disclosed in this press
release is calculated using the Company's internal proprietary
market share tool that utilizes point of sales data supplied by
third-party data providers and government agencies.
|
The winners for the Karma Cups Awards will be announced on
September 18, with Grow Up Awards
winner being selected on October
1.
To learn more about the brands or the awards, please visit
Tweed, Wana, Karma Cup, Grow Up Awards.
* Terpene amounts may vary on a per lot basis due to the
natural variability of cannabis plants.
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 features sugar-free sports hydration
brand BioSteel, targeted 24-hour skincare and wellness solutions
from This Works, 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 well-being and life enhancement.
For more information visit www.canopygrowth.com.
SOURCE Canopy Growth Corporation