Toronto Company To Open Cannabis Facility On Freshwater

Article by VOCM

Toronto Company To Open Cannabis Facility On Freshwater

A Toronto-based company is laying out plans to open a cannabis production facility in Conception Bay North.

On Thursday, FSD Pharma announced a $40-million plan to construct a facility in Freshwater. The first phase of their plan includes the construction of a 45,000 square foot cannabis production facility.

Then, phase two includes an expansion of the facility up to a 300,000 square foot production and processing facility for legal cannabis.

The company says the site will initially be under lease, but FSD has the option to buy the location for $1.5-million.

The closing date is expected on or before August 31, 2018.

Read the full article here.

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