Licensed marijuana producer Aphria Inc. announced an agreement Monday to buy medical cannabis firm Nuuvera Inc. in a cash-and-stock deal that it says values the company at $826 million.
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With the Picture Province estimating that recreational legalization will create hundreds of new jobs and generate up to $150 million annually in recreational sales, the province has named the fourth New Brunswick recreational cannabis supplier.
FREDERICTON, GNB, Jan. 15, 2018 /Weed Wire/ – A memorandum of understanding has been signed with Nuuvera Inc. to supply the provincial government with cannabis for the recreational market. The agreement was reached as the federal government prepares to legalize the recreational use of cannabis later this year.