One of the largest corporate finance deals of 2017 was Invictus MD Strategies Corp.’s (TSX-V:IMH) acquisition of Acreage Pharms Ltd.
The deal added 6,600 square feet of facility space to Invictus’ 250 acres of production capacity.
At the time of acquisition, Acreage was expanding its facility to accommodate the coming market demands from the legalization of recreational cannabis. The 6,600-square-foot facility was the first completed project in a three-phase expansion.
The second phase will enlarge a concrete and steel facility in Acreage’s 60,000-square-foot secured perimeter that sits on 150 acres of land. The third phase, which is awaiting permits, is a 76,750-square-foot expansion on the property.
– Read the entire article at Business Vancouver.