According to a recent press release from Canadian marijuana producer Canopy Growth, the company’s subsidiary and Canopy Rivers portfolio company Vert Mirabel is now fully licensed by Health Canada.
The final 190,000 sq. ft. greenhouse is licensed and there is a total of 700,000 sq. ft. of production and processing infrastructure now fully licensed.
Vert Mirabel had been established in December 2017 between Canopy Growth, Canopy Rivers, and Les Serres Stéphane Bertrand. Bertrand is a large-scale greenhouse operator and, prior to converting to cannabis, it was the largest producer of pink tomatoes in Canada.
Vert Mirabel is a key asset for Canopy Rivers as it provides exposure to a commercially scaled source of locally grown, premium quality cannabis for distribution into Québec and across the country.
The COO of Canopy Rivers, Oliver Dufourmantelle, remarked, “We are thrilled that the operational infrastructure at Vert Mirabel is now fully online with over 500,000 sq. ft. already in production.”
Mark Zekulin, President and co-CEO, Canopy Growth commented, “From everyone at Canopy Growth, we congratulate the Bertrand family and their team for achieving a fully licensed, large-scale cannabis operation in under 18 months.”
“We are proud to announce that our venture with Canopy Growth and Canopy Rivers has reached this milestone,” said Stéphane Bertrand. “Obtaining this licence will allow us to pursue our production goals in order to expand our footprint to meet the needs of the Québec market.”