Hexo sold its Niagara, ON cultivation facility for $10.25M, after halting production there last November.
Globe Newswire, CBC Hamilton, MJ Biz Daily
- Hexo purchased the greenhouse facility as part of its $263M acquisition of Newstrike brands in May 2019. Of that sum, $46M were for “property, plant, and equipment.”
Twitter–@JeffLagerquist - The company cited “an excess of cultivation capacity in the market,” and will use sale proceeds to invest in its Belleville, ON facility.
MJBiz Daily
Quick Hits
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BC launched a program and how-to online guide to help prospective growers navigate all three layers of government to become licensed in the province.
Vernon Morning, Twitter–@TrinaFraser -
In a federal-on-federal government lawsuit, information commissioner Caroline Maynard is suing Health Canada for refusing to give out the postal codes or home cities of federally licensed MED growers.
Toronto Sun
