Article by CBC News
Tilray Inc. says it will close a licensed cannabis greenhouse in Ontario, which will save the company millions of dollars a year.
The Nanaimo, B.C.-based company says it will close its wholly-owned subsidiary High Park Gardens in Leamington, Ont., over the next six weeks.
Tilray says it anticipates about $7.5 million in net annualized savings, as well as avoiding significant ongoing capital expenditures as a result.
Tilray acquired Natura Naturals Inc. in 2019 and the company has operated as High Park Gardens since then.