Aphria Doubles Its Cannabis Production Capacity
Canadian healthcare regulator Health Canada awarded Aphria (NYSE: APHA) a cultivation license for Aphria Diamond, a 1.3-million-square-foot greenhouse facility in Leamington, Ontario. With an annual growing capacity of 140,000 kilograms, the new site raises Aphria's peak cannabis production capabilities to 255,000 kilograms a year.
"We are extremely pleased to receive the license for our long-awaited Aphria Diamond facility, which more than doubles our Canadian production capacity," CEO Irwin Simon said in a press release. "Reaching industry-leading production levels coinciding with the expansion into new categories and new opportunities for cannabis in Canada and around the world is a transformative moment for Aphria Inc."
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Source Fool.com
