Canopy Growth Forms JV for Greenhouse-Grown Cannabis

Canopy Growth Forms JV for Greenhouse-Grown Cannabis

Flickr / Carol Von Canon / (CC BY-NC-ND 2.0)

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.

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