Aurora Cannabis Planning Major Investment in Saskatoon Grow Facility

The announcement comes simply over a yr after the Edmonton-based firm took over CanniMed Therapeutics Inc.

Just over one yr after buying Canada’s first licensed medical marijuana producer, Aurora Cannabis Inc. says it plans to sink tens of millions of dollars into its former facility southeast of Saskatoon.

The Edmonton-based hashish big will instantly spend $1.5 million to replace scientific labs on the complicated. CEO Terry Booth stated a further $16 million will probably be spent on infrastructure over the subsequent 18 months.

That cash comes on prime of the $four million spent since Aurora paid $1.1 billion to accumulate CanniMed Therapeutics Inc. in early 2018, Booth informed reporters on Friday throughout a uncommon tour of the 225-employee cannabis-growing facility.

– Read the whole article at Saskatoon Starphoenix.


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