Canopy (WEED) strengthens its position as top dog again with yet another license. Canopy’s stock has seen a surge this week closing in on the $22 mark. This license is for a subsidiary of theirs, Vert Cannabis.
From Canopy: ‘Canopy is pleased to announce that its wholly-owned subsidiary Vert Cannabis in Saint Lucien, Québec, has obtained a production license under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). Vert Cannabis is a 7000 square foot craft cannabis production facility located in the small town of Saint Lucien, Québec.’
“We’re pleased to have obtained the licence and look forward to starting cannabis production in Québec,” said Adam Greenblatt, Québec Brand Manager at Canopy Growth and cannabis industry pioneer. “The licensing of Vert Cannabisin Saint Lucien, combined with the recently announced Vert Mirabel joint venture with Les Serres Bertrand, positions Canopy Growth as Québec’s leader in both craft-scale indoor production and large-scale greenhouse production.”