Canopy 2016 A_R_Pages_web

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CGC Annual Review : 2016 | 35
07.
International
In recent years, the actions of many
governments around the world have
signaled a significant change in attitudes
towards the legalization of marijuana.
At the recent UN General Assembly Special Session on Drugs
(UNGASS), the Government of Canada took centre stage
by announcing its intention to introduce, by the spring of
2017, legislation legalizing recreational marijuana use. Many
countries are pushing for drug consumption to be seen in a
different light, one that moves beyond prohibition to one that
emphasizes public health and education and defunding criminal
organizations around the world.
With changing global attitudes towards marijuana, many
countries are looking to Canada, and its regulatory framework
that is driving the commercialization of medical
marijuana, with much respect. As jurisdictions move towards
establishing new or improved medical marijuana systems,
they are looking to companies acting within the Canadian
framework for expertise, knowledge, financial strength and
potentially product to share. Having established and now
expanding our dominant position in the Canadian medical
marijuana market, third parties in countries around the
world want to work with Canopy Growth and its subsidiaries.
We believe a significant opportunity exists currently and
will develop further in the future, to leverage our expertise,
financial strength and business model in developing legal
marijuana markets around the world. To date Canopy Growth
has established three international partnerships including an
ownership position in AusCann Holdings of Australia, a joint
venture, Bedrocan Brazil, and an export arrangement in place
with a partner in Germany. Other exciting opportunities
exist and, in time, we will expand Canopy into other markets.
The international business opportunities being pursued by
Canopy Growth include providing advisory services to third
parties, exporting medical cannabis and, of most interest, the
ownership of cannabis cultivation and sales operations in
countries outside of Canada.