January 19, 2018
A massive deal for a Vancouver Island cannabis grower could be an indication of what's in store for the local craft cannabis industry.
This week, Ontario-based licensed marijuana producer Aphria Inc., which is based in Leamington, acquired Ladysmith cannabis grower Broken Coast in a deal worth about $230 million in cash and shares.
The sale itself wasn't much of a surprise but the amount the local grower was bought for was a shock, said Travis Lane, the director of B.C.'s Independent Cannabis Association.
Top image courtesy of Adobe Stock
