Canopy Growth Enters Quebec market with Acquisition of Vert Médical
Canopy Growth Corporation (TSX: CGC) ("Canopy Growth" or "the Corporation") has acquired ownership of Vert Médical, a Quebec-based ACMPR applicant.
Canopy Growth has also acquired the lease and the right to acquire 90 acres of land and a 7,000 square foot indoor growing and office facility located in Saint-Lucien, Quebec. The Canopy Growth team will apply its documented and compliant standard operating procedures to pursue completion of the ACMPR license application.
"We have spent the last few months assessing the market for potential acquisitions and Vert is one of a select few that stood up to our financial and business evaluation," said Bruce Linton, Chairman & CEO, Canopy Growth. "Expanding the medical cannabis market in Quebec is a key objective for our business and the acquisition of Vert gives us an exceptional platform upon which to meet the needs of the market in Quebec."
Canopy Growth's subsidiaries are already leaders in the Quebec market, accounting for approximately 30%...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin