Canopy Rivers’ joint venture awarded Health Canada cultivation license
Category: #health  | By Mateen Dalal  | Date: 2019-07-23 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Canopy Rivers’ joint venture awarded Health Canada cultivation license

PharmHouse’s greenhouse facility in Ontario is reportedly one of the largest in the world

Canopy Rivers Inc, Canopy Growth Corp’s venture capital arm, has recently announced that its PharmHouse Joint venture has secured a license for cultivation from health Canada.

According to reports, Canopy Rivers owns 49% of PharmHouse ‘s stake and the flagship aims to start the cultivation operations at its facility over 190,000 sq. feet of a licensed nursery infrastructure. The company is expecting to cultivate all of the available 1.3 million square feet by the year end. 

Apparently, Mastronardi Produce limited is another party that is involved in the joint venture, which is also a conglomerate of operators and principals of North American agriculture and produce.

For the record, Leamington, PharmHouse’s greenhouse facility in Ontario that the Canopy Rivers has helped in financing, building and facilitating the license application, is reportedly one of the largest in the world that uses an extremely high degree of lean manufacturing and automation process inspired  by the best practices of commercial agriculture.

PharmHouse’s General Manager, Tony Abbas said that the company, since its inception, has focused on speed, capacity and innovation that has always been its competitive advantage. The company’s focused and strong team aims to continue with their fast progress and ramp up their operations in the forthcoming months now that it has the license in hand with a fully funded project.

PharmHouse is well on its way to establishing the company as a premier low-cost, large-scale global cannabis distribution and production platform, Abbas continued.  

Paul Mastronardi, Mastronardi Produce Limited’s CEO commented about the license being a monumental achievement for the joint venture, PharmHouse, that represents the future of cannabis distribution, production and technological innovation.

The company looks forward to continuing lending their proven marketing, operational and distribution expertise to PharmHouse as well as partnering with Canopy Rivers to keep building the company’s planned global cannabis platform, Mastronardi added.

 

Source credit-

 https://www.prnewswire.com/news-releases/canopy-rivers-flagship-pharmhouse-jv-licensed-by-health-canada-300888383.html

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Oral-B & iADH partner to make oral care positive & accessible for all

Oral-B & iADH partner to make oral care positive & accessible for all

By Mateen Dalal

Oral-B, a well-known American oral hygiene products brand, has reportedly inked a partnership deal with iADH (International Association of Disability and Oral Health), in order to make oral care more positive, accessible, and inclusive for disabled p...

NEA AND SLA SIGN MOU TO SHARE GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS)-DERIVED MOISTURE DATA FOR WEATHER MONITORING APPLICATION

NEA AND SLA SIGN MOU TO SHARE GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS)-DERIVED MOISTURE DATA FOR WEATHER MONITORING APPLICATION

By Mateen Dalal

Singapore, 2 August 2022 – The National Environment Agency (NEA) and the Singapore Land Authority (SLA) have signed a Memorandum of Understanding (MOU) to develop the use of Global Navigation Satellite System (GNSS) data obtained from SLA&rsqu...

Baidu launches Apollo RT6; seeks expansion of its robotaxi fleet

Baidu launches Apollo RT6; seeks expansion of its robotaxi fleet

By Mateen Dalal

Baidu, a leading China-based artificial intelligence (AI) company and search engine, has reportedly uncovered its most recent electric autonomous driving vehicle. As per credible sources, the new vehicle, Apollo RT6, will be a part of the robotaxi...