Canopy Growth Announces Colombian Manufacturing Agreement For Oil-Based Products

Canopy Growth Corp (NYSE: CGC) announced a multiyear advanced manufacturing agreement with Colombia’s Procaps S.A.S. Monday as part of a broader update on its operations worldwide. 

South American Developments 

Canopy said it will leverage Procaps’ encapsulation capacity. Canopy is licensed to produce THC or CBD on over 13.5 million square feet of space in Colombia. 

The Canopy subsidiary Spectrum Therapeutics has completed sales to patients in Chile and Brazil, the company said.

Canopy said it plans to launch a CBD product line where rules allow.

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