Vert is growing again: Health Canada grants licence to Vert Mirabel

Vert Mirabel (CNW Group/Canopy Growth Corporation)
Posted on: May 28, 2018


Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) (“Canopy Growth” or the “Company”) together with Les Serres Stéphane Bertrand Inc. (“Bertrand”) are pleased to announce that their joint business Les Serres Vert Cannabis Inc. (“Vert Mirabel”), received a cultivation licence from Health Canada on Friday, May 25, 2018. This establishes the tenth licenced production facility under the Canopy in Canada, moving the Company officially into double digits. The Company also possesses a sales-only licence located in Toronto.

The 700,000 sq. ft. Vert Mirabel greenhouse is licenced for an initial 40,000 sq. ft. of growing space, increasing Canopy Growth’s production footprint in Quebec and confirming its commitment to growing high quality, made-in-Quebeccannabis to serve Quebecers and ensure a strong offering to combat the illicit market in Quebec.

“We’ve been focused on building an industry leading growing platform across Canada and this licence is our latest successful step as we execute our vision for a reliable supply chain for Canadians, ” said Mark Zekulin, President, Canopy Growth. “Vert Mirabel is a shared achievement and we are excited to see the execution demonstrated by Mon. Bertrand, his family, and their entire team. Canopy Growth shares their deep commitment to a responsible and productive cannabis industry in Quebec.”

“Now the real fun begins. We’re excited to start applying our 27 years in greenhouse production and our expertise in organic tomato production to the cannabis plant,” said Stephane Bertrand, Executive Director, Les Serres Stéphane Bertand Inc. “We’re proud and excited to be working alongside Canopy Growth to establish this important production site in Quebec.”

In total, Canopy Growth’s licenced growing space has tripled in calendar 2018, to more than 2.4 million sq. ft. and remains on path to exceed 5.6 million sq. ft. of domestic growing space to support medical and recreational customers from coast to coast to coast.

Here’s to Future Growth (in La Belle Province).