October 12, 2017
Canopy Growth Corp. says it will develop up to three million square feet of greenhouse growing capacity in British Columbia, more than doubling Canada's biggest licensed marijuana producer's production footprint.
The company said in a statement that it has entered into a definitive joint venture agreement with a large-scale greenhouse operator where it will be a majority shareholder of BC Tweed Joint Venture Inc., a new company.
RELATED: Canadian Cannabis News
Canopy Growth CEO Bruce Linton says the greenhouses currently grow peppers and the company will spend tens of millions of dollars to transform them to grow cannabis, the majority of which will be sold domestically.
