Firm is planning to construct a 50,000-square-foot growing area capable of producing 13,000 kilograms of cannabis annually.
Canopy also announced Monday that it would acquire the remaining stake in BC Tweed, a large-scale growing operation in British Columbia formed through a joint venture with an undisclosed partner.
Tweed Collective’s website asks for interested parties to submit their do-good pitches in – you guessed it – 420 characters or fewer.
Earlier this week, CannaRoyalty closed $17.3M financing round.
Firm plans to raise $2.9M to purchase and fit-up a plot of land for cannabis production.
Company officials say their goal is to become the country’s No. 1 brand for female customers
"Make no bones about it, as of this summer more Ontarians are going to be growing legal pot at home."
CannaRoyalty, which finances and invests in marijuana companies, posted revenues of just over $3 million for the fiscal year ending Dec. 31.
“We are confident that (this) will position us as a leader in the world's largest regulated cannabis distribution system, in California.”
Scientists are developing ideas for products – from cannabis-infused drinks to new edibles – ahead of anticipated changes to Canada's marijuana laws.