Canopy Growth Corporation(“Canopy”) (TSX:WEED, NYSE: CGC) (“Canopy Growth” or the “Company”) and OG DNA Genetics(“DNA”), a globally recognized cannabis brand, are pleased to announce they have signed an agreement on Mar. 19 to extend and expand upon their previously announced partnership through to 2024.
With this newly signed agreement, Canopy Growth and DNA have extended their partnership beyond Canada and Jamaica and have committed to bringing DNA’s world-renowned genetics to a soon-to-be disclosed European market.
Canopy Growth and DNA entered into their first agreement for the Canadian market in 2015. The partnership gave Canopy Growth access to a wealth of unique, genetically-diverse cannabis strains that it then incorporated into its Canadian product lines. In 2017, the partnership between Canopy Growth and DNA was renewed and expanded into Jamaica to bring DNA’s original strains into future Caribbean markets. Under the terms of today’s announcement, Canopy Growth and DNA have committed to working together through 2024 and will make every effort to expand into global markets, including Europe, where regulations permit the legal sale of cannabis for medical and recreational purposes.
“Teaming up with DNA has proven to be a very strong and mutually beneficial partnership,” said Bruce Linton, Chairman and co-CEO of Canopy Growth. “Renewing our partnership for the next five years was a no-brainer for us and we look forward to introducing their high-quality DNA products to consumers around the world.”
“We are thrilled with the ongoing success of our relationship and the momentum we are enjoying with our partners at Canopy Growth,” said Charles Philips, CEO of DNA. “The strength of our phenotyping and quality standards combined with Canopy’s global presence and distribution power is a winning combination that is providing consumers in key markets around the world with the best possible cannabis.”
For over 15 years, DNA has set a global industry standard for breeding genetically diverse strains that are considered best-in-class. Their diligent phenotyping process led to more than 200 global cannabis awards, making them the most celebrated cannabis breeders in the world. DNA Certified™ products distributed by Canopy Growth have been grown using DNA’s genetics, under the careful supervision of both DNA and Canopy Growth.