Canadian MMJ grower nearly triples production capacity with purchase

One of Canada’s largest medical marijuana producers, Canopy Growth Corp., has increased a subsidiary’s production and processing capacity by almost threefold through the purchase of a former candy factory and the 42-acre site it sits on for 6.6 million Canadian dollars ($5.1 million). In a news release, Canopy Growth said the entire facility, in Smith Falls, Ontario, is “by far the largest indoor cannabis production facility in Canada and likely the world.” The company, which is headquartered in the building, had been renting roughly 157,000 square feet of the 472,000-square-foot former chocolate factory. The facility had gone mostly unused since ... Canadian MMJ grower nearly triples production capacity with purchase is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs