Daily Archives: May 2, 2020

Indonesia should have a national education blueprint in place: PGRI

Jakarta (ANTARA) – The government is expected to draft the country’s national education blueprint to prepare Indonesians to be at par with global community members, according to Indonesian Teachers Association (PGRI) Chairperson Professor Unifah Rosyidi.

“The blueprint is expected to be formulated by emphasizing on a foundation that education is an endeavor to prepare students to stand among the global community members,” she noted in connection with the commemoration of Indonesia’s National Education Day here, Saturday.

The national education blueprint, supported by the PGRI, also stresses on the significance of preparing students to become good and productive citizens by edifying them on culture and values of pluralism, Rosyidi noted.

Last but not least, the blueprint also enables teachers to continue to learn and adapt to changes to ensure the smooth and unhindered running of educational activities, she stated.

“The new coronavirus pandemic, currently affecting various parts of the world, has brought about a realization in the context of Indonesia’s national education, specifically about teachers’ role cannot be replaced by technology,” she remarked.

However, teachers, who are not technologically sound, would easily be replaced by technology, she stated, adding that the education sector would enter a period of “new normalcy” wherein old fashions of imparting education would no longer be a reference.

Learning and training activities for educationists should be shifted, from content-focused to process-focused paradigm.

To this end, the government must prioritize improving and providing infrastructure required for long-distance education to enable Indonesians from various parts of the country to get access to online learning services, she emphasized.

“Amid this ongoing COVID-19 pandemic, we have realized the need to strengthen online-based educational services,” she noted.

To this end, the PGRI is optimistic that the government would channel greater attention to investments in infrastructure necessarily required for facilitating broader access to affordable electricity and internet availability across the country, she stated.

PGRI would stay focused on boosting the quality, prosperity, and protection of all teachers. The association has also called on the government to handle the matter pertaining to K2 non-permanent teachers, who had passed the working contract-based civil servants (PPPK) tests by taking into account their age and years of services.

As part of its endeavors to enhance the capacity of teachers, PGRI has worked with the Mahir Academy of Rumah Perubahan (House of Change) to co-organize a virtual workshop for 13 thousand teachers from 34 provinces across Indonesia on May 2-20, she revealed.

Source: Antara News

Indonesia records more recoveries from COVID-19 until May 2: official

Jakarta (ANTARA) – The Indonesian Government’s COVID-19 Task Force confirmed that as of Saturday, 1,665 of the 10,843 new coronavirus patients in the country had fully recovered from the deadly disease and received discharge from hospitals.

“Some 74 more COVID-19 patients had recovered from the disease, thereby taking the total count of patients discharged from hospitals to 1,665,” COVID-19 Task Force Spokesman Achmad Yurianto notified journalists here, Saturday.

Apart from the increasing number of recoveries, Indonesia still recorded 292 new patients and 31 new deaths, he noted, adding that the total death toll from this coronavirus pandemic had reached 831.

The Health Ministry’s data indicated that Jakarta had 80 additional confirmed cases, or the highest count, followed by West Java, with 31 cases; and South Sulawesi and Papua, each with 30 additional confirmed cases, he remarked.

Yurianto noted that 22,545 patients were under monitoring and 235,035 people under surveillance.

The coronavirus outbreak initially struck the Chinese city of Wuhan at the end of 2019, but it then spread to various parts of the world, including countries in the Asia-Pacific region.

The Indonesian government officially announced the country’s first confirmed cases on March 2.

Since then, the central and regional governments nationwide have striven persistently to flatten the curve by imposing healthcare protocols and social restrictions.

In breaking the chain of this novel coronavirus disease that has impacted the purchasing power of so many families in Indonesia, large-scale social restrictions are being enforced in several cities, including Jakarta, Bogor, Depok, Tangerang, Bekasi, and Pekanbaru.

The central government has also banned homebound travel, or locally known as “mudik,” during the fasting month of the Ramadhan and Idul Fitri holiday seasons.

The government officially implemented the “mudik” ban at 00:00 hrs Western Indonesia Time (WIB) on Friday, April 24, 2020. The ban excludes the movement of logistics, drugs, officers, fire engines, ambulances, and hearses.

The ban will be in place until May 31, 2020, for land transportation; June 15, 2020, for railway transportation; June 8, 2020, for sea transportation; and, June 1, 2020, for air transportation.

Source: Antara News

Indonesia reports 292 new coronavirus cases, 31 new deaths

Indonesia recorded 292 new coronavirus cases on Saturday, taking the total number of infections to 10,843, said health ministry official, Achmad Yurianto, Trend reports with reference to Reuters.

Yurianto also reported 31 new deaths, taking the total number of fatalities to 831. The number of people who have recovered from COVID-19, the disease caused by the coronavirus, rose by 74 to 1,665, he said.

The country has tested more than 79,800 people for the virus, he said.

Source: TREND News Agency

Constellation Brands Exercises Warrants to Acquire Shares in Canopy Growth, Reinforcing Confidence in Canopy Growth’s Ability to Win Long-Term in Emerging Cannabis Industry

VICTOR, N.Y. and SMITH FALLS, Ontario, May 01, 2020 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (“Constellation Brands”) (NYSE: STZ and STZ.B), a leading beverage alcohol company, and Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED, NYSE: CGC), a leading diversified cannabis company, today announced the exercise by Greenstar Canada Investment Limited Partnership, an indirect, wholly-owned subsidiary of Constellation Brands, of an aggregate of 18,876,901 warrants to purchase common shares of Canopy Growth.

The warrants, which were originally issued on November 2, 2017, were exercised at an exercise price of C$12.9783 per common share for an aggregate of approximately C$245 million. Upon issuance, the common shares represented approximately 5.1% of the issued and outstanding common shares of Canopy Growth. As a result of the acquisition of new common shares, Constellation Brands now indirectly holds, in the aggregate, 142,253,802 common shares, 139,745,453 warrants to purchase common shares and C$200,000,000 principal amount of senior notes. Collectively, the common shares increase Constellation Brand’s ownership of Canopy Growth to 38.6% of the issued and outstanding common shares. Assuming full exercise of all remaining warrants and full conversion of the notes (but for these purposes excluding any effect from a Canopy Growth exercise of its right to acquire Acreage Holdings, Inc. pursuant to its option under the plan of arrangement previously announced on June 27, 2019) Constellation Brands would own approximately 55.8% of the issued and outstanding common shares of Canopy Growth.

“While global legalization of cannabis is still in its infancy, we continue to believe the long-term opportunity in this evolving market is substantial,” said Bill Newlands, president and chief executive officer, Constellation Brands. “Canopy is best positioned to win in the emerging cannabis space and we are confident in the strategic direction of the company under David Klein and his team.”

“This additional investment validates the work our team has done since attracting the initial investment in 2017. It also strengthens our ability to pursue the immense market and product opportunities available to Canopy in Canada, the U.S. and other key global markets,” said David Klein, chief executive officer, Canopy Growth.

Constellation Brands may from time to time acquire or dispose of common shares or other securities of Canopy Growth or exercise its warrants in the future, either on the open market or in private transactions, in each case, depending on a number of factors, including general market and economic conditions and other available investment opportunities. Depending on market conditions, general economic and industry conditions, Canopy Growth’s business and financial condition and/or other relevant factors, Constellation Brands may develop other plans or intentions in the future.

A copy of the early warning report filed in connection with this press release will be available on Canopy Growth’s profile on SEDAR at www.sedar.com or may be obtained by contacting Constellation Brands’ Investor Center at 1-888-922-2150.

About Constellation Brands
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and our high-quality premium wine and spirits brands, including the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

About Canopy Growth Corporation
Canopy Growth (TSX:WEED, NYSE:CGC) is a world-leading diversified cannabis, hemp and cannabis device company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms, as well as medical devices through Canopy Growth’s subsidiary, Storz & Bickel GMbH & Co. KG. 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 operations in over a dozen countries across five continents.

Canopy Growth’s medical division, Spectrum Therapeutics is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and has devoted millions of dollars toward cutting edge, commercializable research and IP development. Spectrum Therapeutics sells a range of full-spectrum products using its colour-coded classification Spectrum system as well as single cannabinoid Dronabinol under the brand Bionorica Ethics.

Canopy Growth operates retail stores across Canada under its award-winning Tweed and Tokyo Smoke banners. Tweed is a globally recognized cannabis brand which has built a large and loyal following by focusing on quality products and meaningful customer relationships.

From our historic public listing on the Toronto Stock Exchange and New York Stock Exchange to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. Canopy Growth has established partnerships with leading sector names including cannabis icons Snoop Dogg and Seth Rogen, breeding legends DNA Genetics and Green House Seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates eleven licensed cannabis production sites with over 10.5 million square feet of production capacity, including over one million square feet of GMP certified production space. For more information visit www.canopygrowth.com.

Forward-Looking Statements
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including statements about Constellation Brands’ future ownership of shares of Canopy Growth, the possibility that Canopy Growth might exercise its right to acquire Acreage Holdings, Inc. and Canopy Growth’s ability to continue its pursuit of market opportunities and success. The words “if”,“expect,” “intend” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans and objectives of management, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such results will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and neither Constellation Brands nor Canopy Growth undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 29, 2020 and in Canopy Growth’s filings with the Canadian Securities Administration, including in Canopy Growth’s Annual Information Form filed on SEDAR on June 25, 2019 under the heading “Risk Factors”, or with the United States Securities Exchange Commission, which could cause actual future performance to differ from current expectations.

Michael McGrew, (773) 251-4934 / michael.mcgrew@cbrands.com
Amy Martin, (585) 678-7141 / amy.martin@cbrands.com
Patty Yahn-Urlaub, (585) 678-7483 / patty.yahn-urlaub@cbrands.com
Bob Czudak, (585) 678-7170/ bob.czudak@cbrands.com
Jordan Sinclair, (613) 769-4196 / jordan.sinclair@canopygrowth.com
Tyler Burns, (613) 697-0367 / tyler.burns@canopygrowth.com
Judy Hong, (646) 483-0945 / judy.hong@canopygrowth.com

A downloadable PDF copy of this news release enhanced with multimedia links can be found here: http://ml.globenewswire.com/Resource/Download/785a44d2-acbe-4b19-b6c5-fbcd9667302b