Canada’s Canopy Growth Corp said it would form a joint venture with privately owned Canopy Rivers Corp and Quebec-based tomato producer Les Serres Stéphane Bertrand to grow cannabis in a tomato greenhouse.
Canopy Growth will give Bertrand C$2.75 million ($2.14 million) worth of shares and Canopy Rivers will contribute C$15 million in cash.
Bertrand has 700,000 square feet of modern greenhouse, which the companies say would begin producing cannabis by May.