Canada Marijuana Company Aphria Buying Into Florida’s Market

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Canada marijuana company Aphria buying into Florida’s market

Pixabay / futurefilmworks / CC0 Public Domain

A major player in Canada’s cannabis industry is acquiring one of only seven legal Florida medical marijuana cultivators through a complicated purchase that according to one analysis values a state cannabis license at close to $200 million.

Aphria, a publicly traded firm based out of Ontario, plans to invest $25 million in a shell that will purchase most or all of the assets of Chestnut Hill Tree Farm, the Alachua nursery that operates CHT Medical.

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