Canopy Growth and Molecular Science Corp. Announce Collaboration to Advance Cannabis Testing Across Canada
SMITHS FALLS, ON, June 7, 2018 /CNW/ - Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) ("Canopy Growth" or the "Company") is pleased to announce that it has entered into a collaboration agreement with Canadian laboratory services company Molecular Science Corp. ("MSC") to advance cannabis testing, support product knowledge, and enhance safety awareness, all part of the responsible development of the Canadian cannabis industry.
Canopy Growth and MSC will work together to pioneer new and standardized testing methods to analyse potency, terpene profiling, pesticides, heavy metals, and mycotoxins as required by Health Canada regulatory standards. Both Canopy Growth and MSC are focused on improving the information available so that patients can make informed decisions around the cannabis they consume, and producers can make informed decisions about their practices.
"Trust is key to success in the cannabis industry and this collaboration to advance scientific research and testing is key to earning and keeping the trust of our patients and future customers," said Mark Zekulin, President, Canopy Growth. "We're working to make testing practices faster and more consistent while driving enhanced accountability as well as visibility into the cannabis supply."
Under the terms of the agreement, MSC will provide testing equipment including a fully developed mobile testing lab and two skilled analytical scientists to focus on this research. Canopy Growth will provide access to its Health Canada certified lab, its national infrastructure, industry knowledge, and a diverse supply of medical cannabis to support testing.
"We are delighted that Canopy Growth has selected MSC to contribute to its internal quality testing programs and is committed to working with us to develop methods for analytical data collection using mass spectrometry," said Brigitte Simons, VP Laboratories, Molecular Science Corp. "We're pleased to assist Canopy with the molecular characterization of plant strains ensuring certified ingredients and absence of pesticides and mycotoxin contaminants."
The MSC mobile lab is an industry first and operates as an in-field extension of Canopy Growth's lab facilities. The lab supports seamless and efficient alignment of results between sites and will focus on the collection of valuable information regarding in-process cannabis cultivation. Due to its capability for pesticide surveys at any location, the mobile lab allows for early identification of contamination risks to cultivation, potentially reducing time to market for remote sites or Craft Grow partners who have traditionally relied on sending samples to a central lab for testing.
To learn more about Canopy Growth's rigorous quality controls and testing, and the Company's pledge to only grow and sell the highest quality cannabis products, please visit our website.
Here's to Future Growth.
About Canopy Growth Corporation
Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates ten cannabis production sites with over 2.4 million square feet of production capacity, including over 500,000 square feet of GMP-certified production space. The Company has operations in eight countries across five continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public's understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. For more information visit www.canopygrowth.com
About Molecular Science Group
Our brand new physical laboratory in Toronto will perform a series of analytical tests including potency, terpene profiling, pesticides, heavy metals and mycotoxins testing, as mandated by Heath Canada's regulatory standards.
MSC is also bringing to market the industry's first mobile lab, custom built to provide an onsite pesticide testing solution to customers and to enable an interactive educational platform for product safety awareness, assisting producers in making informed decisions about their cultivation practices. As an extension of our lab facility in Toronto, the mobile lab will employ a variety of scientific instrumentation with a focus on liquid chromatography mass spectrometry, and will utilize a Laboratory Information Management System (LIMS) to ensure seamless and efficient alignment of analytical results between our mobile lab, physical lab and our clients. For more information visit mscience.ca
Notice Regarding Forward Looking Statements
SOURCE Canopy Growth Corporation
Company Codes: Toronto:WEED, NYSE:CGC