Advertisement 1

Green House Brands to set up Canadian marijuana base in joint venture with Canopy Growth

Canopy Growth has formed a joint venture to share ownership of the Agripharm indoor growing operation in Creemore, Ont., with Amsterdam-based Green House Brands

Article content

SMITHS FALLS, Ont. — Canopy Growth Corp. of Smiths Falls, Ont., has formed a joint venture to share ownership of the Agripharm indoor growing operation in Creemore, Ont., with Amsterdam-based Green House Brands.

Canopy Growth says it will retain 40 per cent of Agripharm and the rest will be owned by Green House Holdings North America Inc. and its affiliate in the Netherlands, which does business as Organa Brands.

Advertisement 2
Story continues below
Article content
Recommended from Editorial
  1. Cam Battley, executive vice president with Aurora Cannabis Inc., examines marijuana plants in one of the ten grow rooms inside the company's 55,000 square medical marijuana production facility near Cremona, Alberta.
    Aurora Cannabis’ offer to buy CanniMed would be Canada’s biggest marijuana takeover yet
  2. Producer margins could start to shrink as provinces start to purchase pot wholesale.
    ‘A mad green rush’: As marijuana booms, analysts still hazy on impact of Canadian legalization on costs
Article content

The venture will create a new Canadian home base for Green House Brands and Organa while Canopy Growth has the right to purchase all the cannabis products produced by Agripharm for distribution through its Canadian system.

Green House Brands and Organa will also grant Canopy an exclusive, royalty-free licence in Canada to certain technology and intellectual property.

Green House Brands was formed in 1985 and was a pioneer in creating a European cannabis coffee shop market. It now operates in Europe, Africa, South America and North America.

Article content
Comments
You must be logged in to join the discussion or read more comments.
Join the Conversation

Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.

Latest National Stories
    This Week in Flyers