Canopy Growth plans to train an choice to develop a further 1.7-million-square-foot greenhouse in British Columbia, bringing its manufacturing space in the province to three million square feet as soon as the amenities are absolutely licensed.
In October, Canopy introduced plans to type a three way partnership with a greenhouse operator to develop a 1.Three-million-square-foot greenhouse in B.C., with an choice for extra 1.7-million square-foot greenhouse at a second location.
Canopy – Canada’s largest licensed medical marijuana producer, with a market capitalization of 6.2 billion Canadian dollars ($four.9 billion) – has indicated that licensing for BC Tweed Joint Venture’s second facility is underway.
In the corporate’s annual New Year replace, Canopy stated its manufacturing platform totals 5.6 million square feet throughout seven provinces.
Canopy reported money and money equivalents of CA$108.2 million as of Sept. 30. 2017, plus one other CA$245 million it acquired from the Constellation funding that closed on Nov. 2.
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