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Canopy Growth Announces Offtake Agreement with PharmHouse

Published: 05/09/2019

Team: Jonathan Sherman, Luke Woolford, Chad Podolsky

On May 9, 2019, Canopy Growth Corporation signed an offtake agreement with PharmHouse Inc., a 49% owned joint venture of Canopy Rivers Inc. Under the terms of the agreement, PharmHouse will allocate cannabis from 20% of the flowering space available at its Leamington greenhouse facility over the next three years. Including this new agreement, 30% of PharmHouse's total flowering space has been committed to Canopy Growth.

Cassels Brock acted for Canopy Growth with a deal team that included Jonathan Sherman, Luke Woolford and Chad Podolsky (Business and Cannabis).