+ 0.60
+ 0.4%

Aphria Obtains License For 1.3M Square Foot Greenhouse, Doubling Canadian Production Capacity

November 4, 2019 8:55 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Aphria Obtains License For 1.3M Square Foot Greenhouse, Doubling Canadian Production Capacity

Aphria Inc. (TSX:APHA) (NYSE:APHA) said Monday it has obtained a Health Canada cultivation license for its Aphria Diamond cannabis greenhouse facility in Leamington, Ontario. 

The approval means the company is gaining an additional 1.3 million square feet of production space, with a growing capacity of 140,000kg per year, according to Aphria. 

When combined with its Aphria One facility and its subsidiary Broken Coast Cannabis, Aphria has in excess of 2.4 million square feet of cultivation space and a total annual production capacity of 255,000kg, the company said. 

 “We are extremely pleased to receive the licence for our long-awaited Aphria Diamond facility, which more than doubles our Canadian production capacity,” Irwin D. Simon, Aprhia’s interim CEO, said in a statement.

“Reaching industry-leading production levels coinciding with the expansion into new categories and new opportunities for cannabis in Canada and around the world is a transformative moment for Aphria Inc.”

Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.

The company has 51% ownership of the Aphria Diamond subsidiary, through which Aphria entered a partnership with commercial greenhouse expert Double Diamond. 

Aphria Diamond contains the industrial-scale automated technology. 

Aphria’s shares traded 5.39% higher at $5.47 during Monday’s pre-market session.

Related Links:

Aphria Completes Integration Of Rootstock's Cloud ERP Solution

PreMarket Prep Recap: Impressive Bank Earnings, Aphria Sparks Rally In Marijuana Sector

Related Articles

Michigan Cannabis Sales Near $1B In First Year Of Adult-Use Sales

Cannabis sales in Michigan spiked during December, bringing the total to $984.6 million for 2020. read more

Cannabis Movers & Shakers: Next Green, Cannabis Control Commission, Willow, TruTrace, HEXO, Bengal Capital, MediPharm Labs, NIHC

Here is a summary of the latest leadership changes within the cannabis industry. read more

Cannabis SPACs Will Remain Popular In 2021 Despite Several Challenges

Cannabis companies continue to face restrictions on most national exchanges. Special-purpose acquisition companies (SPACs) help fill the funding void. These types of deals are occurring more often as a less costly and more efficient go-public strategy. read more

USDA Approves Hemp Regulatory Proposals For Rhode Island, Soboba Band of Luiseno Indians

Rhode Island and the Soboba Band of Luiseno Indians received approvals from the U.S. Department of Agriculture (USDA) for its hemp regulatory proposals. read more

Regulatory Update: Arizona, Kansas, Montana, And New Jersey

Arizona Issues New Draft Legalization Rules, Will Start To Accept Cannabis Business Application Soon During November’s election, a majority of Arizona voters said “yes” to recreational cannabis. read more