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Canopy Growth Corporation Announces $175 Million Bought Deal Financing

Posted by on 10:42 am in Press Release | 0 comments

SMITHS FALLS, ONTARIO–(Marketwired – Jan. 17, 2018) –

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Canopy Growth Corporation (TSX:WEED) (“Canopy Growth” or the “Corporation”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. (“GMP”) and BMO Capital Markets as joint bookrunners (“BMO” and together with GMP, the “Co-Lead Underwriters” and collectively with the syndicate, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, 5,060,000 common shares (the “Common Shares”) of the Corporation at a price of $34.60 per Common Share (the “Offering Price”) for aggregate gross proceeds to Canopy Growth of $175,076,000 (the “Offering”).

The Corporation has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 759,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering.

The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada (except Quebec). The Company intends to use the net proceeds from the Offering for capital expenditures for capacity expansion, working capital, and general corporate requirements. The Offering is expected to close on February 7, 2018 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Here’s to Future Growth.

About Canopy Growth Corporation

Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time.

Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates seven cannabis production sites with over 665,000 square feet of production capacity, including over 500,000 square feet of GMP-certified production space. The Company has operations in seven countries across four continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. For more information visit www.canopygrowth.com

Notice Regarding Forward Looking Statements

This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth Corporation, its subsidiaries, or its affiliates to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include the anticipated closing and closing date of the Offering and anticipated use of proceeds. The forward-looking statements included in this news release are made as of the date of this news release and Canopy Growth Corporation does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Clarification on Rolls-Royce Press Release – The Maritime Executive

Posted by on 10:42 am in Press Release | 0 comments

By


MarEx


2018-01-19 22:15:00

Clarification on the Rolls-Royce press release entitled “Rolls-Royce announces further simplification of business, strategic review of Commercial Marine operation and plans to restructure support and management functions”:

“Following Wednesday’s announcement of a further simplification of our business into three focused operating businesses (Civil Aerospace, Defence and Rolls-Royce Power Systems), Rolls-Royce would like to make it clear that our Power Systems business including MTU Bergen Engines is unaffected by the decision to start a strategic review of our Commercial Marine operation.

Rolls-Royce Power Systems, which has headquarters in Friedrichshafen, Germany, will continue to supply and service complex power and propulsion systems from MTU and Bergen Engines for customers in marine and infrastructure markets, with applications ranging from power generation, rail and mining, to construction, agriculture, yachts and defence. Marine customers include Navies, yacht manufacturers, shipyards and operators of commercial vessels.

Our Commercial Marine operation, which has its largest facilities in Norway and Finland, provides ship design and onboard equipment mainly for the offshore oil and gas and commercial marine markets. It is this part of Rolls-Royce which is subject to a strategic review.”

The products and services herein described in this press release are not endorsed by The Maritime Executive.

COMMUNITY NEWS RELEASE: Grace United Methodist Church in Pekin presenting holiday family opera Sunday

Posted by on 10:03 am in Press Release | 0 comments

Grace United Methodist Church in Pekin is presenting the beloved holiday family opera/musical Menotti’s “Amahl and the Night Visitors” at 10:45 a.m. and again at 4 p.m. this Sunday, Jan. 21 in the new Grace Family Life Center at 4th and State streets in Pekin. Free Will donations will be accepted but are not required.

Melissa Oltman, 12, is an amazing Amahl, and Marianne Oltman is singing the mother. Former Metropolitan Opera tenor Thomas Booth is King Kaspar, who sings the famous Box Aria; Pastor Joel Catlin is King Balthazar and Choir Director Jim Rimington is King Melchior. The production has a stage set, beautiful costumes, there are two dancers, a full chorus and an orchestra, as well. Special lighting is part of the show, and the voices will be projected to make sure everything is clearly heard. The church members have worked very hard to bring this epic to the community, and it is a show for the whole family!

Embattled Greitens puts out his tax cut plan via news release

Posted by on 10:03 am in Press Release | 0 comments

JEFFERSON CITY • Embattled Gov. Eric Greitens stayed out of the public eye again Thursday, releasing the broad outlines of a tax cut plan in the style of President Donald Trump by news release instead of the statewide tour he had planned before he became embroiled in scandal.

The tax cut plan had been the most ambitious initiative in a State of the State speech last week, but the tour was canceled after Greitens admitted he had an extramarital affair in 2015.

The Republican chief executive denied allegations that he had threatened to release an intimate photo of the woman if she talked about their relationship.

This timeline of events contains information from the ex-husband of a woman who he says had an extramarital relationship with Greitens. On Wed…

The scandal is under investigation by St. Louis Circuit Attorney Kim Gardner and has triggered calls by Republican lawmakers for the first-term governor to resign.

Under the tax plan, Greitens offered few specifics other than he wants to cut taxes for “working families” and corporations. He also said he wants the plan to be revenue-neutral, and that it would “end loopholes that primarily benefit big businesses and high earners,” but the governor offered no financial details to support the outline.

“It’s the boldest state tax reform in America because it’s tax reform for working families — not lobbyists and special interests,” said Greitens, a former Navy SEAL who ran for office as an outsider.

The news release says the scuttled tour may be resurrected in the coming weeks.

Any attempt at tax cuts, however, faces an uncertain fate in the GOP-controlled Legislature.

Speaking to reporters Thursday, Senate President Pro Tem Ron Richard, R-Joplin, raised red flags about cutting taxes at a time when the state is having to cut spending on other programs.

“I’m skeptical about tax cuts when we are cutting higher education and we’re having a conversation about transportation,” Richard said. “We’ve got to be able to provide for that safety net and the things that we’re required to do.”

One Democratic leader mocked the proposal, saying it was a desperation play by a scandal-plagued governor.

“Until Eric Greitens stops hiding and, in his own words, offers a full and detailed public denial of the allegations that he threatened his former mistress, Missourians won’t hear anything else he says,” said House Minority Leader Gail McCann Beatty, D-Kansas City.

From initial statement to fellow Republicans calling for his resignation, read the Post-Dispatch coverage of the governor’s scandal.

At least two other tax cut proposals are moving through the Legislature this session.

But the proposals being floated by Republican Sens. Andrew Koenig of Manchester and Bill Eigel of Weldon Spring carry big price tags that could force the state to cut programs to pay for them.

Richard said unlike other states, if Missouri reduces taxes, but then faces an emergency and needs to boost revenue, a tax increase must be approved by voters.

“Do you think the taxpayers would say, ‘Oh, you guys made a mistake, I think we’ll back you up’? No way,” Richard said. “My goal in my last year is to be very cautious, be prudent. I’m very cautious about tax increases, tax decreases.”

Amid the calls for Greitens to resign, Richard said his main focus is on guiding the Republican agenda through the Senate.

“Rest assured I’ve been through troubled waters before,” Richard said. “Have no fear.”

The No. 2 Republican in the Senate said he disagrees with the calls for resignation unless “more severe” information emerges.

“I’m not the judge or the jury,” Senate Majority Leader Mike Kehoe said. “We’re human. People make mistakes, and certainly there are several families involved in the current activity we’ve been hearing about. I feel for those families. I think they need to work it out. Certainly, if there is something that comes forward that is more severe or that changes the story line, I will have a different answer. But as we know the facts right now, I think it’s a situation that families need to work through.”

On Thursday, Greitens spokesman Parker Briden said the first lady was not in Missouri.

“She is on a vacation that has been planned since last fall,” Briden said.

It was unclear how long the vacation will last.

Sheena Greitens is a political science professor at the University of Missouri, but is not scheduled to teach a class this semester, a university spokeswoman said Thursday.

She’s expected to return in the fall, but she’s in the middle of a one-year postdoctoral fellowship that has been planned since she joined MU in January 2015, the spokeswoman said.

Sky Chadde of the Post-Dispatch contributed to this report

Embattled Greitens avoids spotlight, releases tax cut plan via press …

Posted by on 8:47 am in Press Release | 0 comments

JEFFERSON CITY • Embattled Gov. Eric Greitens stayed out of the public eye again Thursday, releasing the broad outlines of a tax cut plan in the style of President Donald Trump by news release instead of the statewide tour he had planned before he became embroiled in scandal.

The tax cut plan had been the most ambitious initiative in a State of the State speech last week, but the tour was canceled after Greitens admitted he had an extramarital affair in 2015.

The Republican chief executive denied allegations that he had threatened to release an intimate photo of the woman if she talked about their relationship.

This timeline of events contains information from the ex-husband of a woman who he says had …

The scandal is under investigation by St. Louis Circuit Attorney Kim Gardner and has triggered calls by Republican lawmakers for the first-term governor to resign.

Under the tax plan, Greitens offered few specifics other than he wants to cut taxes for “working families” and corporations. He also said he wants the plan to be revenue-neutral, and that it would “end loopholes that primarily benefit big businesses and high earners,” but the governor offered no financial details to support the outline.

“It’s the boldest state tax reform in America because it’s tax reform for working families — not lobbyists and special interests,” said Greitens, a former Navy SEAL who ran for office as an outsider.

The news release says the scuttled tour may be resurrected in the coming weeks.

Any attempt at tax cuts, however, faces an uncertain fate in the GOP-controlled Legislature.

Speaking to reporters Thursday, Senate President Pro Tem Ron Richard, R-Joplin, raised red flags about cutting taxes at a time when the state is having to cut spending on other programs.

“I’m skeptical about tax cuts when we are cutting higher education and we’re having a conversation about transportation,” Richard said. “We’ve got to be able to provide for that safety net and the things that we’re required to do.”

One Democratic leader mocked the proposal, saying it was a desperation play by a scandal-plagued governor.

“Until Eric Greitens stops hiding and, in his own words, offers a full and detailed public denial of the allegations that he threatened his former mistress, Missourians won’t hear anything else he says,” said House Minority Leader Gail McCann Beatty, D-Kansas City.

At least two other tax cut proposals are moving through the Legislature this session.

But the proposals being floated by Republican Sens. Andrew Koenig of Manchester and Bill Eigel of Weldon Spring carry big price tags that could force the state to cut programs to pay for them.

Richard said unlike other states, if Missouri reduces taxes, but then faces an emergency and needs to boost revenue, a tax increase must be approved by voters.

“Do you think the taxpayers would say, ‘Oh, you guys made a mistake, I think we’ll back you up’? No way,” Richard said. “My goal in my last year is to be very cautious, be prudent. I’m very cautious about tax increases, tax decreases.”

Amid the calls for Greitens to resign, Richard said his main focus is on guiding the Republican agenda through the Senate.

“Rest assured I’ve been through troubled waters before,” Richard said. “Have no fear.”

The No. 2 Republican in the Senate said he disagrees with the calls for resignation unless “more severe” information emerges.

“I’m not the judge or the jury,” Senate Majority Leader Mike Kehoe said. “We’re human. People make mistakes, and certainly there are several families involved in the current activity we’ve been hearing about. I feel for those families. I think they need to work it out. Certainly, if there is something that comes forward that is more severe or that changes the story line, I will have a different answer. But as we know the facts right now, I think it’s a situation that families need to work through.”

On Thursday, Greitens spokesman Parker Briden said the first lady was not in Missouri.

“She is on a vacation that has been planned since last fall,” Briden said.

It was unclear how long the vacation will last.

Sheena Greitens is a political science professor at the University of Missouri, but is not scheduled to teach a class this semester, a university spokeswoman said Thursday.

She’s expected to return in the fall, but she’s in the middle of a one-year postdoctoral fellowship that has been planned since she joined MU in January 2015, the spokeswoman said.

Sky Chadde of the Post-Dispatch contributed to this report

Canopy Growth Corporation Announces Increase to Bought Deal …

Posted by on 8:47 am in Press Release | 0 comments

SMITHS FALLS, ONTARIO–(Marketwired – Jan. 18, 2018) –

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Canopy Growth Corporation (TSX:WEED) (“Canopy Growth” or the “Corporation”) is pleased to announce that, due to strong demand, it has agreed with a syndicate of underwriters co-led by GMP Securities L.P. (“GMP”) and BMO Capital Markets as joint bookrunners (“BMO” and together with GMP, the “Co-Lead Underwriters”), and including Canaccord Genuity Corp., Eight Capital, Beacon Securities Limited, and PI Financial Corp. (collectively with the Co-Lead Underwriters, the “Underwriters”), to increase the size of its previously announced $175,076,000 bought deal offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 5,800,000 common shares (the “Common Shares”) of the Corporation at a price of $34.60 per Common Share (the “Offering Price”) for aggregate gross proceeds to Canopy Growth of $200,680,000 (the “Offering”).

The Corporation has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 870,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional $30,102,000 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $230,782,000.

The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada (except Quebec). The Corporation intends to use the net proceeds from the Offering for capital expenditures for capacity expansion, working capital, and general corporate requirements. The Offering is expected to close on February 7, 2018 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Here’s to Future Growth.

About Canopy Growth Corporation

Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time.

Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates seven cannabis production sites with over 665,000 square feet of production capacity, including over 500,000 square feet of GMP-certified production space. The Company has operations in seven countries across four continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. For more information visit www.canopygrowth.com.

Notice Regarding Forward Looking Statements

This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth Corporation, its subsidiaries, or its affiliates to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include the anticipated closing and closing date of the Offering and anticipated use of proceeds. The forward-looking statements included in this news release are made as of the date of this news release and Canopy Growth Corporation does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Press Release: Blake Griffin and the L.A. Clippers Foundation Team …

Posted by on 7:45 am in Press Release | 0 comments

LOS ANGELES, CA – Blake Griffin and the L.A. Clippers Foundation have partnered with non-profit Vision To Learn and the Los Angeles Unified School District (LAUSD) to provide free eye exams and glasses to every LAUSD student in need throughout the district. Out of over 600,000 LAUSD students, an estimated 15 to 20 percent need glasses. Over the next two years, every student K-12th grade in LAUSD who needs an eye exam and glasses will get them, free of charge, thanks to the generous support of the L.A. Clippers Foundation, Blake Griffin, and LAUSD.

Ninety-five percent of first graders who need glasses don’t have them, in part because their families are low-income and have difficulty accessing affordable vision care. Eighty percent of all learning during a child’s first 12 years is visual, making a pair of glasses a critical educational tool. The Clippers and Griffin are teaming with Vision To Learn to solve that problem for LAUSD students because it will help children succeed in school as well as in life.

Griffin’s older brother, Taylor, struggled with poor vision as a child and Griffin explained what that meant to him and his family.

“I remember going with him to the eye doctor for the first time, and the doctor was surprised how bad his vision was,” Griffin said. “I also remember being jealous of my brother because he got to have these cool glasses and I didn’t. But that was such a huge thing, realizing that he couldn’t see that well until he got glasses.

“The sheer number of kids we’ll reach with this program, it’s unbelievable,” Griffin added. “To be able to take care of that many kids and have an impact that widespread is a lot of fun for us and it’s meaningful.”

“We are helping to address the vision problem for the students of LAUSD for one reason: it is the L.A. Clippers Foundation’s goal to make a positive difference for children in Los Angeles. This is what we do, and there is no better way to do it than by working with a strong, proven community leader like Vision To Learn to help kids. When you can see the chalk board, or the computer screen, or the math book – you’ve got a shot at learning. For kids with eyesight issues, Vision To Learn can change the scope of their entire lives,” said Clippers Chairman Steve Ballmer. “I’m so proud that the Clippers are able to make a lasting impact on over 600,000 Los Angeles children, the future of our city, and to do it alongside Blake Griffin.”

“With the support of Blake Griffin and the L.A. Clippers Foundation, LAUSD will become the largest school district in the nation to provide glasses for every child who needs them, free of charge,” said Vision To Learn Founder and Chairman Austin Beutner. “Providing glasses to students helps them succeed in school, and in life.”

Improving a student’s vision has profound benefits on his or her educational and life outcomes. A study of Vision To Learn’s program by researchers at UCLA’s Mattel Children’s Hospital found that providing a student with glasses boosts his or her math and reading grades, and improves the learning environment for the entire classroom and school. Correcting a student’s vision leads to better behavior in class, better relationships with family members and classmates, and a better approach to life as a whole.

The kids tell the story best; “I wish I could have glasses so that it would be clear to see the board and read and write things, and play sports,” said Miranda Morales, a fifth grader at Lovelia P. Flournoy Elementary School in South Los Angeles who received her very first pair of glasses today from Griffin. The L.A. Clippers and Vision To Learn held an event this afternoon at Flournoy Elementary with Griffin, Ballmer, Beutner, and LAUSD Board Chair Monica Garcia tipping off the initiative.

“The Los Angeles Unified School District is proud to work with the L.A. Clippers Foundation and Vision To Learn to give all of our students access to comprehensive screenings and eye glasses, to help them reach their fullest potential,” said Garcia.

Eye exams are beginning in all LAUSD schools now, starting with Lovelia P. Flournoy Elementary. The exams will feature Clippers and Blake Griffin-branded mobile clinics and future interactions between the Clippers and the program will include in-arena visits and follow-up school visits with Ballmer, Griffin, and other Clippers personalities.

This is the third year the Clippers have supported Vision To Learn, with the partnership growing each year. The Clippers first worked with Vision To Learn in 2015 to bring vision services to 12,000 students in the Inglewood Unified School District. Following the success of that program, the Clippers’ support of Vision To Learn grew to help 80,000 students in the Long Beach Unified School District. With the team’s support of Vision to Learn growing exponentially in 2017, the Clippers will have solved the vision problem for three Southern California school districts and almost 700,000 students over the next two years.

Canopy Growth Corporation Announces $175 Million Bought Deal …

Posted by on 7:45 am in Press Release | 0 comments

SMITHS FALLS, ONTARIO–(Marketwired – Jan. 17, 2018) –

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Canopy Growth Corporation (TSX:WEED) (“Canopy Growth” or the “Corporation”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. (“GMP”) and BMO Capital Markets as joint bookrunners (“BMO” and together with GMP, the “Co-Lead Underwriters” and collectively with the syndicate, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, 5,060,000 common shares (the “Common Shares”) of the Corporation at a price of $34.60 per Common Share (the “Offering Price”) for aggregate gross proceeds to Canopy Growth of $175,076,000 (the “Offering”).

The Corporation has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 759,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering.

The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada (except Quebec). The Company intends to use the net proceeds from the Offering for capital expenditures for capacity expansion, working capital, and general corporate requirements. The Offering is expected to close on February 7, 2018 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Here’s to Future Growth.

About Canopy Growth Corporation

Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time.

Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates seven cannabis production sites with over 665,000 square feet of production capacity, including over 500,000 square feet of GMP-certified production space. The Company has operations in seven countries across four continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. For more information visit www.canopygrowth.com

Notice Regarding Forward Looking Statements

This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth Corporation, its subsidiaries, or its affiliates to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include the anticipated closing and closing date of the Offering and anticipated use of proceeds. The forward-looking statements included in this news release are made as of the date of this news release and Canopy Growth Corporation does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Press Release: Blake Griffin and the LA Clippers Foundation Team with Vision To Learn to Provide Free Eye Exams …

Posted by on 6:41 am in Press Release | 0 comments

LOS ANGELES, CA – Blake Griffin and the L.A. Clippers Foundation have partnered with non-profit Vision To Learn and the Los Angeles Unified School District (LAUSD) to provide free eye exams and glasses to every LAUSD student in need throughout the district. Out of over 600,000 LAUSD students, an estimated 15 to 20 percent need glasses. Over the next two years, every student K-12th grade in LAUSD who needs an eye exam and glasses will get them, free of charge, thanks to the generous support of the L.A. Clippers Foundation, Blake Griffin, and LAUSD.

Ninety-five percent of first graders who need glasses don’t have them, in part because their families are low-income and have difficulty accessing affordable vision care. Eighty percent of all learning during a child’s first 12 years is visual, making a pair of glasses a critical educational tool. The Clippers and Griffin are teaming with Vision To Learn to solve that problem for LAUSD students because it will help children succeed in school as well as in life.

Griffin’s older brother, Taylor, struggled with poor vision as a child and Griffin explained what that meant to him and his family.

“I remember going with him to the eye doctor for the first time, and the doctor was surprised how bad his vision was,” Griffin said. “I also remember being jealous of my brother because he got to have these cool glasses and I didn’t. But that was such a huge thing, realizing that he couldn’t see that well until he got glasses.

“The sheer number of kids we’ll reach with this program, it’s unbelievable,” Griffin added. “To be able to take care of that many kids and have an impact that widespread is a lot of fun for us and it’s meaningful.”

“We are helping to address the vision problem for the students of LAUSD for one reason: it is the L.A. Clippers Foundation’s goal to make a positive difference for children in Los Angeles. This is what we do, and there is no better way to do it than by working with a strong, proven community leader like Vision To Learn to help kids. When you can see the chalk board, or the computer screen, or the math book – you’ve got a shot at learning. For kids with eyesight issues, Vision To Learn can change the scope of their entire lives,” said Clippers Chairman Steve Ballmer. “I’m so proud that the Clippers are able to make a lasting impact on over 600,000 Los Angeles children, the future of our city, and to do it alongside Blake Griffin.”

“With the support of Blake Griffin and the L.A. Clippers Foundation, LAUSD will become the largest school district in the nation to provide glasses for every child who needs them, free of charge,” said Vision To Learn Founder and Chairman Austin Beutner. “Providing glasses to students helps them succeed in school, and in life.”

Improving a student’s vision has profound benefits on his or her educational and life outcomes. A study of Vision To Learn’s program by researchers at UCLA’s Mattel Children’s Hospital found that providing a student with glasses boosts his or her math and reading grades, and improves the learning environment for the entire classroom and school. Correcting a student’s vision leads to better behavior in class, better relationships with family members and classmates, and a better approach to life as a whole.

The kids tell the story best; “I wish I could have glasses so that it would be clear to see the board and read and write things, and play sports,” said Miranda Morales, a fifth grader at Lovelia P. Flournoy Elementary School in South Los Angeles who received her very first pair of glasses today from Griffin. The L.A. Clippers and Vision To Learn held an event this afternoon at Flournoy Elementary with Griffin, Ballmer, Beutner, and LAUSD Board Chair Monica Garcia tipping off the initiative.

“The Los Angeles Unified School District is proud to work with the L.A. Clippers Foundation and Vision To Learn to give all of our students access to comprehensive screenings and eye glasses, to help them reach their fullest potential,” said Garcia.

Eye exams are beginning in all LAUSD schools now, starting with Lovelia P. Flournoy Elementary. The exams will feature Clippers and Blake Griffin-branded mobile clinics and future interactions between the Clippers and the program will include in-arena visits and follow-up school visits with Ballmer, Griffin, and other Clippers personalities.

This is the third year the Clippers have supported Vision To Learn, with the partnership growing each year. The Clippers first worked with Vision To Learn in 2015 to bring vision services to 12,000 students in the Inglewood Unified School District. Following the success of that program, the Clippers’ support of Vision To Learn grew to help 80,000 students in the Long Beach Unified School District. With the team’s support of Vision to Learn growing exponentially in 2017, the Clippers will have solved the vision problem for three Southern California school districts and almost 700,000 students over the next two years.

UK Landlords Union under fire for using Auschwitz photo in news release

Posted by on 6:41 am in Press Release | 0 comments

The Landlords Union, an organization in the United Kingdom, is under fire for using a photo of Auschwitz to illustrate a news release about new government policies against rogue landlords.

The image reportedly first appeared on the news release on the union’s property118.com website two weeks ago, the British tabloid Metro reported, but was only removed on Monday.

A post with the same image also appeared on Twitter.

“Disgusting use of this photograph. I suggest you go and visit Auschwitz you then might realize how inappropriate this picture is. Remove it as soon as possible,” read one response. “Was wondering how it relates to their article,” read another. “Quite shocking,” read another response.

In a post to property118.com on Tuesday morning, Neil Patterson, identified as a member of The Landlord’s Union, posted an apology for using the image, saying “I had no idea that the image I selected was one of Auschwitz and I certainly didn’t intend to offend the memorial or indeed anybody else.” He said he found the photo after searching for the keyword Prison on the Pexels stock images website. He added that Pexels also has since removed the image.

In addition to the apology, Patterson made a donation to the Auschwitz Memorial.

He said he did not know about the Twitter storm over the image since he does not have a Twitter account. He added that the use of the image also had been reported to Twitter, who emailed the Union on Tuesday morning to say that they “were taking no action on the basis that we had not breached their TC’s or any copyright or other laws,” according to Patterson.