Bruce Linton calls the Scandinavian country a "stable, attractive" market with "attractive energy rates."
The venture will create a new Canadian home base for Amsterdam-based Green House Brands and Organa while Canopy Growth has the right to purchase all the cannabis products produced by Agripharm.
Revenue in its second quarter totalled $17.6 million, up from $8.5 million last year.
The coalition, whose 17 members includes Canopy Growth Corp., has proposed advertising principles that are more akin to those used in the alcohol industry.
The agreement is a way to shed pot’s “stoner stigma” and give the industry more credibility among investors and some segments of the public, expert says.
Canopy CEO Bruce Linton said the partnership marks the first major wine, beer and spirits producer to invest in legal cannabis and will lead to collaboration on cannabis-based drinks.
Partnership is latest international expansion for Ottawa-area company, which already has presence in Australia, Denmark, Germany and Spain.
Kinaxis CEO John Sicard was recognized as the overall winner in EY's Entrepreneur Of The Year 2017 Ontario program.
The company will spend $20 million to initially develop 1.3 million square feet and hopes to have product available as soon as July 1 next year when recreational marijuana sales are set to be…
A license agreement with a U.S.-based developer of topical creams and ointments will see Canopy Growth distribute hemp oil products in Canada, with options to expand its distribution into other…