Canopy Growth Corp (TSE:WEED) has included PUF Ventures Inc. to the Tweed Main Street planned CraftGrow line. Pending an approval to grow and offer cannabis offerings, PUF Ventures will become the fourth firm to join CraftGrow. The program boosts speed to market for newly approved manufacturers and offers product and brand exposure by selling associate offerings through www.tweedmainstreet.com to the leading group of actively registered consumers.
Mark Zekulin, the President of Canopy Growth, reported that their approach with Tweed Main Street and CraftGrow is to establish a diverse web marketplace for approved medicinal cannabis offerings. People can access Canada’s major cannabis brands with one document instead of being tied to a single manufacturer.
For new manufacturers, having access to the leading group of registered patients in the nation can go a long way towards creating brand awareness. And for them, it’s a prospect to position themselves as the web source of cannabis in Canada, while getting more product reliability and variety to customers.
Following a latest update from Health Canada, Canopy Growth is delighted to witness that the Department has simplified licensing in order to get new applicants through the procedure more effectively, while recognizing that current manufacturers with a track of success should be able to grow more quickly with an efficient approvals procedure. These measures will create a diverse marketplace and benefit existing and new licensees by mitigating the administrative measures to expansion, eventually benefiting all patients.
Derek Ivany, the CEO and President of PUF, reported that their association with Canopy Growth is a significant achievement and milestone for PUF. As they move through the final stages of licensing, they are delighted that they will be working with Canopy, a global leader in the cannabis industry, to help them establish PUF and its other brands in the coming period.