LEAMINGTON - Aphria Inc. has entered into a binding letter agreement to acquire 100% of the issued and outstanding share capital of Broken Coast Cannabis Inc., a premium cannabis producer located in British Columbia.
As part of the transaction, Aphria approved the immediate commencement of Broken Coast's Phase IV expansion.
The 60,000 sq. ft. expansion is expected to cost under $20 million and will increase the facility's annual capacity from 4,500 kgs per year to 10,500 kgs per year.
This acquisition brings Aphria's forecast annual production to 230,000 kg and turns Aphria into a cross-Canada distribution platform, with access to over 40,000 medical patients.
The expansion is anticipated to be completed by late summer 2018, with first product sale occurring in early 2019.
READ FULL RELEASE HERE
Aphria buys B.C. cannabis producer Broken Coast
Legal cannabis marks beginning of an industrial evolutionAccess to cannabis is constantly evolving and, in a matter…
Changes to ACMPR “a step in the right direction”On January 25, Health Canada announced two changes to the…
Cannabis Q&A with: Sunrise Genetics President and COO Matt GibbsSunrise Genetics is the first organization to provide a complete…
Good branding: A key to success in the 2018 Canadian cannabis marketWith the legalization of cannabis just around the corner, 89…
O'Cannabiz Conference and ExpoThu Jun 07, 2018 @ 8:00AM - 05:00PM