Canada’s top marijuana producer to double production


October 17, 2017 Facebook Twitter LinkedIn Google+ News


TORONTO (Reuters) – Canada’s biggest licensed producer of medical marijuana has bought land next to its greenhouse production site that will allow it to more than double the total volume of cannabis it can grow, its chief executive said on Thursday.

Canopy Growth Corp’s (WEED.TO) Tweed Farms Inc subsidiary expects to spend at least C$25 million ($21 million) to upgrade the property, a flower farm it purchased for about C$9 million in cash and equity, with work including the installation of security cameras and fences due to start in October.

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