Edmonton Area Could Become Canadian Centre for Marijuana Industry, Executive Says

Article by Gordon Kent, Edmonton Journal

Edmonton area could become Canadian centre for marijuana industry, executive says

The huge production and processing plant Aurora Cannabis is building beside Edmonton International Airport could help make the region a centre for Canada’s marijuana industry, a company official says.

Aurora is investing more than $100 million into the 75,000-square-metre Aurora Sky project, which should be in production by the end of the year and completed construction by the time recreational pot is legalized in July 2018, Aurora executive vice-president Cam Battley said Friday.

“I think we have the beginnings of what could turn into a cluster, a centre of excellence with respect to cannabis,” he said following a panel discussion with the Leduc Chamber of Commerce.

“Our presence at the airport is going to draw other companies that want to partner with us and our partners. The creation of Aurora Sky, this enormous facility, is going to be a major magnet for additional investment that we haven’t even anticipated yet.”

Aurora Sky is described as the world’s largest legal marijuana production facility, going up on 12 hectares of land leased from the federal government.

It’s expected to create at least 200 to 300 jobs. All companies in the cannabis field will likely invest hundreds of millions of dollars in Alberta over the next few years, Battley said.

Aurora reached an agreement this week allowing it to buy control of Hempco Food and Fibre Inc., a Vancouver hemp company that has erected a factory in Nisku and is already planning expansion, he said.

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