Aurora Cannabis signs joint venture deal with European greenhouse vegetable company

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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.

READ MORE: Trudeau says legal pot is coming ‘next summer,’ not necessarily July 1

The joint venture will focus on the cultivation and sales of cannabis in Denmark, Sweden, Norway, Finland and Iceland.

Dale Wilesack, senior person in charge, looks at cannabis seedlings at the new Aurora Cannabis facility Friday, November 24, 2017 in Montreal.THE CANADIAN PRESS/Ryan Remiorz

THE CANADIAN PRESS/Ryan Remiorz

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.

READ MORE: Aurora Cannabis buying greenhouse design firm Larssen to push pot partnership plans

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.

A ground-breaking ceremony was held on Friday, June 16, 2017 for the 800,000 square-foot Aurora Sky cannabis production facility near the Edmonton International Airport.

Wes Rosa, Global News

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.

A rendering of “Aurora Sky”, a cannabis greenhouse facility to be located south of Edmonton.

Aurora Cannabis Inc.

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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.

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