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The Canadian holder of a license to cultivate medical marijuana in Florida plans to expand its production capacity in the state by more than 35 times to capitalize on the launch of the Sunshine State’s full-fledged MMJ market.
Liberty Health Sciences., which is based in Toronto and trades on the Canadian Securities Exchange under the symbol LHS, will purchase 36 acres of land in Alachua County, Florida, for $866,975 in cash, the company announced in a news release.
The parcel is adjacent to the company’s existing 13,000-square-foot grow facility at Chestnut Hill Tree Farm, which produces 700 kilograms (about