Alberta-based Aurora Cannabis Inc. has signed a deal to form a joint venture with European greenhouse vegetable company Alfred Pedersen & Son (APS).
Under the deal, Aurora will own a 51 per cent interest in Aurora Nordic Cannabis A/S, based in Odense, Denmark.
APS received its license to grow marijuana from Denmark’s Medicines Agency effective Jan. 1.
The joint venture will focus on the cultivation and sales of cannabis in Denmark, Sweden, Norway, Finland and Iceland.
Aurora Nordic plans to build a 93,000-square-metre automated cannabis production facility.
Under the terms of the joint venture, the companies intend to fund construction through a combination of conventional, non-dilutive financing and direct investment by Aurora and APS.
Aurora Cannabis is building its Aurora Sky cannabis greenhouse near the Edmonton International Airport, which it says will have capacity to produce 100,000 kilograms of cannabis per year.
The facility will be a closed system hybrid greenhouse capable of precise control of light, heat, humidity and nutrients to produce “ultra low cost” cannabis. To ensure no contaminants enter the system, the air system is designed to be overpressured and overhead robotic cranes will help to replace humans in the growing areas.
- This is the Buds2Go Staff Account. We work really hard to provide information and news about marijuana legalization, product information and promotional events going on across Canada. We are fanatics and experts on strains and utilizing medical cannabis for the treatment of common ailments.
- News2018.10.19‘A 24/7 thing’: Ottawa police begin checkstop blitz to target cannabis-impaired drivers — even in the morning
- News2018.10.19Toronto police raid 5 marijuana dispensaries as retail locations still not permitted – Toronto
- News2018.10.19Former task force chair says everyone needs to obey the rules on legalized cannabis – New Brunswick
- News2018.10.16Halifax rolls out more designated smoking areas ahead of cannabis legalization – Halifax