55259
53582
56468
S&P/TSX
16477.40
-41.84
(-0.25%)
S&P-CDNX
717.58
+4.47
(0.63%)
S&P-500
2815.62
+6.07
(0.22%)
NASDAQ
7854.44
-0.67
(-0.01%)
Dow
25199.29
+79.40
(0.32%)
Dollar
0.75933
-0.00019
(-0.02506%)
Oil
67.87
-0.04
(-0.06%)
Gold
1226.90
-0.40
(-0.03%)
Silver
15.565
-0.005
(-0.03%)


A real 'joint' venture

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.

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.



More Business News

55442
Data from CryptoCompare
Recent Trending
49342
Okanagan Oldies
Castanet Proud Member of RTNDA Canada
52157
Press Room
58052