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Canopy Growth has formed a joint venture to develop a 1.3-million-square-foot marijuana greenhouse in British Columbia.
The agreement, announced in a news release, nearly doubles the Ontario company’s total greenhouse and indoor production footprint to 3.2 million square feet across six provinces.
Canopy – Canada’s largest licensed medical marijuana producer, with a market capitalization of 2.2 billion Canadian dollars ($1.76 billion) – has an option to develop a 1.7-million square-foot greenhouse at a second location in the province.
Canopy has teamed with a greenhouse operator it did not identify in the release. The greenhouse company will own one-third of