Canada’s Island Garden in Charlottetown is growing its business by more than it originally planned. The P.E.I. marijuana grower is building a new greenhouse and warehouse, at a cost of $35 million.
“It’s a very exciting day for me today,” said Edwin Jewell, the company’s president and CEO.
“I’m very pleased and very proud to think that what started out as an idea just a few years ago has turned into a successful company.”
The project is much larger than what was originally planned. In January, the company announced an expansion worth $20 to $25 million.
But a new investor has given the company the capital it needs for a bigger expansion. In February, Alliance One International Inc., based in North Carolina, announced its subsidiary Canadian Cultivated Products acquired a 75 per cent equity position in Canada’s Island Garden.