An American tobacco leaf merchant has acquired majority stakes in a P.E.I. licensed medical marijuana producer as well as a cannabis company that is developing indoor growing operations in Ontario.
Alliance One International Inc., based in North Carolina, announced its subsidiary Canadian Cultivated Products acquired a 75-percent equity position in Charlottetown-based Canada's Island Garden last month.
The publicly held tobacco supplier said its subsidiary last month also acquired an 80 per cent stake in Goldleaf Pharm Inc., a medical marijuana license applicant which is building a roughly 1,850 square metre growing facility in Ontario.
