Canopy expects new pot goods on shelves in late 2019, including distilled pot


SMITHS FALLS, Ont. — Canopy Growth Corp. expects to have about 30 next-generation pot products on the market by the end of the year, including distilled cannabis to be used in mixed drinks.

Canopy president Rade Kovacevic says it will start with beverages, edibles and vapes and plans to roll out 32 specific items by end of December and add 20 more over the following 12 months.

The next-generation pot goods include its Tweed Distilled Cannabis line, which Kovacevic says is extracted from cannabis and akin to spirits takes on the flavours of the particular strain on which it is based.

Cannabis products such as beverages and topicals became legal on Oct. 17, one year after Canada legalized pot for recreational use.

However, due to the mandatory 60-day notice period that companies must provide to Health Canada before they are able to sell these new pot goods, the earliest they can hit legal shelves is mid-December.

Kovacevic says it will depend on the province, but it will take a bit of time for the new products to be shipped and pass through distribution centres before hitting legal retail shelves.

Companies in this story: (TSX:WEED)