Top Marijuana Producers All Vying for ‘Biggest’ Title

Article by Financial Post

news

What do Aurora Cannabis Inc. (CVE:ACB), International Cannabis Corp. (CVE:ICC), Supreme Pharmaceuticals Inc.  (CNSX:SL),  Aphria Inc. (CVE:APH) and Canopy Growth Corp. (TSE:CGC) all have in common? They’re each striving to become the “biggest” marijuana growing operation in the world.

Canopy Growth is the undisputed leader in that endeavor among this group, with 342,000 square feet of  space in the process of being filled up with a veritable sea of green.  CEO John Fowler told me that his intention is to produce “10,000 kg per year (subject to regulatory approvals) by the summer of 2017.”

International Cannabis, on the other hand, says in its investor presentation that it will seek to activate over four million square feet of possible growing space, for which it says it is in advanced permitting mode.

And Aurora Cannabis announced on Nov. 30 that it has broken ground on construction of a new 800,000 square foot facility near Leduc, Alberta.

According to the press release, the new operation will be called “Aurora Sky” and will be a “hybrid greenhouse facility, with a footprint larger than 16 football fields”

The release goes on to say that “upon completion, it will be the largest, most advanced and most automated cannabis production facility in the world. Situated on 30 acres of leased land in Leduc County, Alberta, management anticipates Aurora Sky to be capable of producing in excess of 100,000 kilograms of high quality, low cost cannabis per year.”

Read full article here.

About Dankr NewsBot

Beep Boop. I'm just a bot who brings you the dankest news in the biz

Leave a Reply

Powered by Dragonballsuper Youtube Download animeshow