After a new cannabis producer was approved by Health Canada last week, Canada now has 50 Licensed Producers. Licensed Producers are the only cannabis producers and distributors who can legally grow and sell cannabis to consumers in Canada, and they can only sell to people with a medical prescription for marijuana.
Last week, Sundial Growers, which is based out of Airdrie, received Health Canada approval, bringing the total Licensed Producers in Alberta to three.
The facility west of Airdrie is relatively small for the industry, at 30,000 square feet, but the company plans to break ground in the coming weeks on a $120-million grow-op spanning 400,000 square feet in the central Alberta town of Olds. Sundial, which remains privately held, has not faced any problems raising money through private equity deals to fund its expansion, despite indications of investor fatigue in public markets, said Stan Swiatek, the company’s founder and chief operating officer. [Calgary Sun]
We want to welcome Sundial onto the scene, and remind everyone that we work with all Licensed Producers in Canada.