Canopy Growth And Greenlane Announce Exclusive Distribution Partnership For Storz & Bickel Vaporizers In The United States

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Posted on: August 9, 2019

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) is pleased to announce that it has partnered with one of the largest global sellers of premium cannabis accessories, Greenlane Holdings, Inc, (“Greenlane”) (Nasdaq: GNLN) that gives Greenlane exclusive distribution rights of Storz & Bickel vaporizers throughout the United States.

Storz & Bickel, a subsidiary of Canopy Growth based in Tuttlingen, Germany, has a 22-year history as the global leader in vaporizer design. The company has won accolades for developing an automated and internationally certified factory, achieving ISO 13845 certification in 2009 and exporting to over 50 markets around the world. Storz & Bickel first introduced the world-renowned Volcano® product line in 2000 and since then has worked tirelessly to continue innovating and perfecting the industry’s leading tabletop vaporizer, in addition to their successful portable handhelds including the Crafty® and Mighty® devices.

Greenlane has been Storz & Bickel’s exclusive U.S. distribution partner since January 2018 and the new agreement signed with Canopy Growth will allow for robust growth in the American market along with continued distribution to the Canadian market. Greenlane boasts an extensive distribution network within North America which includes over 11,000 retail locations spanning smoke and vape shops and licensed cannabis dispensaries. Through their distribution channels, Greenlane will bring Storz & Bickel’s newest desktop vaporizer technology—the Volcano Hybrid—to market. The Hybrid model offers improved airflow management, faster heat-up times, easy to use touch display, a rotatable tube system for an alternate inhalation method and increased safety and functionality through Bluetooth app control.

“We have worked with Storz & Bickel since Greenlane’s inception in 2005 to launch dozens of its products, introducing the legendary Volcano vaporizer to the U.S. market and establishing it as the gold standard of desktop vaporizers,” said Aaron LoCascio, Chairman and Chief Executive Officer of Greenlane. “The extension of our relationship through this exclusive agreement with Canopy Growth will allow us to introduce even more North Americans to this premiere brand and pristine line of vaporizer products.”

“Establishing and extending this exclusive partnership with Greenlane has played an important role in cementing Storz & Bickel’s brand reputation for quality, safety and performance in the United States.” commented Peter Popplewell, PhD., Canopy Growth Chief Technology Officer. “We have seen tremendous success with their smaller handheld devices, including the Mighty, and we are excited to introduce Storz & Bickel’s latest update on the Volcano as consumers continue to be drawn towards top-quality vaporizer technology.”

Here’s to Future (Vaporized) Growth.

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