Aurora Cannabis of British Columbia is buying MedReleaf Corp. for $3.2 billion in the biggest deal far in the emerging marijuana-growing industry.
MedReleaf has greenhouses in Exeter and Markham.
Canada has granted licences to more than 70 firms to produce and sell medical marijuana, with more than half granted in 2017 or 2018.
Vancouver-based Aurora and Markham, Ont.-based MedReleaf together expect to produce mofre than 570,000 kg per year of cannabis through nine facilities in Canada and two in Denmark.
MedReLeaf’s assets include a 55,000-square foot indoor facility at Markham, just north of Toronto, with annual production capacity for 7,000 kg; a 210,000 sq. ft. indoor site at Bradford, about 40 km north of Markham, with 28,000 kg per year capacity; and a one million-square foot, 105,000 kg/year greenhouse at Exeter, about 50 km north of London, Ont., growing cannabis for extracts.
