Canopy Growth Corp. of Smiths Falls, Ont., has formed a joint venture to share ownership of the Agripharm indoor growing operation in Creemore, Ontario, with Amsterdam-based Green House Brands.

Canopy Growth (TSX:WEED) says it will retain 40 per cent of Agripharm and the rest will be owned by Green House Holdings North America Inc. and its affiliate in the Netherlands, which does business as Organa Brands.

The venture will create a new Canadian home base for Green House Brands and Organa while Canopy Growth has the right to purchase all the cannabis products produced by Agripharm for distribution through its Canadian system.

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Ottawa Business Journal via 420Intel.com

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