Canopy Growth Corp (NYSE: CGC) (TSX: WEED) NEWS - RICH TV LIVE - STOCKS TODAY - NEWS - FEBRUARY 22, 2019 - TODAY WE LOOK AT THE MARKETS GIVE ME YOUR PICKS - Alimentation Couche-Tard Inc. (“Alimentation Couche-Tard”) (TSX: ATD.A) (TSX: ATD.B) has entered into a multi-year agreement with Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NYSE: CGC).
Subsequent to this newly formed strategic partnership, and pending the results of a public-consultation process, Couche-Tard is excited to announce it has entered into a trademark license agreement with one of the winners of the Alcohol and Gaming Commission of Ontario’s (the “AGCO”) Expression of Interest Application Lottery, who will operate a “Tweed” branded retail store in London, Ontario once the process is complete. The lottery winner will have full ownership and control over the London store.
Through this partnership, Alimentation Couche-Tard is aiming to lean on Canopy Growth’s cannabis expertise and leverage its experience with other age-restricted products to focus on the safe, responsible and lawful sale of cannabis, consistent with the legislation enacted by the federal and provincial governments. As two Canadian-made and globally-positioned companies, the London location will serve as an important entry to market that could lead to future international opportunities.
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