Medical marijuana producer Bedrocan International is returning to the Canadian market through the purchase of a facility in Scarborough, Ontario.
Health Canada recently granted the Veendam, Netherlands-based company a cultivation license to grow standardized medical cannabis for Canadian patients, according to a Thursday news release.
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Bedrocan did not immediately respond to an MJBizDaily request seeking the purchase price and the seller’s identity.
The company said it plans to start production early next year.
Bedrocan stopped producing cannabis in Canada after a licensing arrangement with Smiths Falls, Ontario-headquartered Canopy Growth Corp. ended in 2019.
Bedrocan, which always planned to return to the market, sold its shares in Canopy Growth in 2016 to distance itself from the Canadian company’s strategy for large-scale production of
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