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Canopy Growth Enters into Multi-Year Extraction Agreement with HollyWeed

Published: 03/20/2019

Team: Jonathan Sherman, Luke Woolford

On March 20, 2019, Canopy Growth Corporation and HollyWeed Manufacturing & Extracts Inc., a subsidiary of HollyWeed North Cannabis Inc., entered into a multi-year processing and extraction agreement. Under the terms of the two-year agreement, HollyWeed will process dried cannabis provided by Canopy Growth, in their manufacturing facility in British Columbia and will return the oil and resin back to Canopy Growth. The first shipment of product for extraction is expected to occur in fall 2019.

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