Tweed Inc. has tripled its production capability at 1 Hershey Drive in Smiths Falls, Ontario, near Ottawa while filling a vacant piece of real estate that plagued the town for years.
The company announced this week its parent company, Canopy Growth, purchased the 42-acre site of the old Hershey Factory, making it the largest indoor cannabis production facility in Canada, and likely the world.
The building was purchased from a group of investors that included Bruce Linton, chairman and CEO of Canopy Growth, and the Smiths Falls-based Guy Saumure company. The medical marijuana facility was previously a mere tenant of the space, taking up one-third of the building’s entire 472,000-square-foot footprint.
– Read the entire article at Financial Post.