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Canada’s Largest Cannabis Producer Is Doubling in Size

October 11, 2017
(Courtesy of Canopy Growth Corporation)
Canada’s largest licensed cannabis producer is about to get even bigger. On Wednesday, Canopy Growth Corp. announced that it will develop up to 3 million square feet of additional greenhouse capacity in British Columbia.

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The move, part of a newly announced joint venture with a large-scale British Columbia-based greenhouse operator to form BC Tweed Joint Venture Inc., will more than doubles Canopy’s cultivation footprint, according to a company release.

The BC greenhouses currently grow peppers, CEO Bruce Linton said in the release, and the company will spend several million dollars to adapt them for cannabis cultivation. The majority of the resulting product is expected to be sold on Canada’s domestic market.

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“The Joint Venture allows us to expand our operational footprint for greenhouse production while increasing our institutional knowledge of operating large-scale greenhouses,” Linton said. “Our cannabis expertise already operating the largest cannabis greenhouse in the sector combined with experience of our new partner’s extensive large-scale greenhouse production record, is great news for our customers and investors.”

The deal will increase Canopy’s total greenhouse production footprint to approximately 2.3 million square feet and includes an option to grow that footprint to 4 million square feet. The venture also expands Canopy’s operations into six Canadian provinces, part of what the company says is a plan for international growth.

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Gage Peake

Gage Peake is a former staff writer for Leafly, where he specialized in data journalism, sports, and breaking news coverage. He's a graduate of the University of Nebraska-Lincoln's College of Journalism and Mass Communications.

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  • malcolmkyle

    Grow The Revolution!

  • dohhhhh1

    They’re hope is to monopolize the market so they can set prices to match the profit expectations their investors want, much like Bell, Rogers, Shaw and Telus, as well as Saputo that is buying up all the dairy and trucking companies in Canada. We pay high prices because our governments don’t enforce monopoly laws and racketeering.

    • I somehow doubt that. Of all the medical producers currently in Canada, they are the best-priced ones. If they want to keep the market, they have to remain competitive.

      • dohhhhh1

        Aurora, “all” strains 5 bucks a gram for compassion pricing, all strains 8 bucks per gram for regular pricing and consistent availability, I used to be with Tweed and they sucked badly, the day I joined them the prices all went up 50%. With a fixed market price which is 10 dollars or less per gram recommended by the federal government(otherwise it will be cheaper to buy off the street) the only way to increase profits for the greedy share holders is to increase market share.

  • BKristopher

    I guess you will be able soon to buy the seeds and grow at home.
    4 plants by the window…hope it smell good too