Just four months after announcing its intent, Canopy Growth has been approved by Health Canada to cultivate in a British Columbia greenhouse as of February 16th. The license represents the 90th issued in Canada.
The approved greenhouse is 1.3 million square feet. The company had first disclosed its application in mid-October for two sites, suggesting that it would be producing cannabis for sale by July 2018. Canopy Growth, which owns 2/3 of the joint venture with an undisclosed partner, now has production facilities approved in four provinces and in development in two. The company described its footprint in its recent quarterly MD&A.
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email