Canopy Growth to launch cannabis-infused beverage Deep Space

Canopy Growth Corporation CGC WEED is launching a cannabis-infused beverage with naturally occurring caffeine under the Deep Space brand. Canopy is launching four new flavors under the Tweed brand.

Deep Space is adding two new cannabis beverages to its lineup, each with 10 mg THC, 30 mg of naturally occurring caffeine and 10 mg of CBG. The flavors are Deep Space Propulsion Pulsar Peach and Deep Space Propulsion Cosmic Cherry Lime.

Tweed Iced Tea Peach with 5 mg THC is one of many beverage offerings that Tweed continues to expand its beverage offerings. The non-carbonated, naturally flavored, sweet peach iced cannabis tea complements the lemon and raspberry iced tea flavors that are currently available to consumers through Tweed.

Tweed's new Cannabis-infused Sparkling Lemonade, available in strawberry, is a carbonated drink made with naturally flavored fruit juice and contains 7.5 mg of THC.

Tweed added sparkling water to the brand's growing portfolio, infused with Tweed Fizz Pineapple cannabis. This pineapple flavor beverage contains 5 mg THC and is naturally flavored. The new flavor joins Tweed's current roster of Fizz flavors, including cherry, mango, and watermelon.

Canopy Growth reported in its 8-K filing that it had received a decision from an arbitration tribunal in connection with a dispute arising from services rendered pursuant to a services agreement involving the company and its subsequent termination of the services agreement. The tribunal held that Canopy did not have the right to terminate the services agreement.

The tribunal awarded the counterparty:

Canopy stated that it continues to consider all options that may be available to it with regard to the tribunal's decision.

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