MedReleaf acquires Exeter greenhouse

April 23, 2018
Written by Free Press Staff
Last week, Toronto-based MedReleaf Corp. closed a $26-million cash-and-shares deal to buy a one-million sq. ft. greenhouse and 66 hectares neighbouring west of Exeter on Airport Line.

The greenhouse and land had been previously owned by VeriFine, which has other facilities around Exeter. The company’s operations on Thames Road West in Exeter are not included in the deal.

MedReleaf’s new Exeter facility is expected to produce 105,000 kilograms of cannabis each year. Vice-president of strategy Darren Karasiuk says the Canadian marijuana market demand will increase to 1,000 tonnes annually. | READ MORE

Add comment


Security code
Refresh

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Most Popular

Latest Events

Salon du Végétal
Tue Jun 19, 2018 @ 8:00AM - 05:00PM
Grower Day
Wed Jun 20, 2018 @ 8:00AM - 05:00PM
International Floriculture Expo 2018
Mon Jun 25, 2018 @ 8:00AM - 05:00PM
New Blooms
Thu Jul 05, 2018 @10:00AM - 03:00PM
Cultivate'18
Sat Jul 14, 2018 @ 8:00AM - 05:00PM
PPA Symposium 2018
Mon Jul 30, 2018 @ 8:00AM - 05:00PM

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.