British Columbia (BC), Canada-based Village Farms International (OTC) bought a 41% interest in Pure Sunfarms, also of BC, a maker of CBD and marijuana products, from Emerald Health Therapeutics for $45 million (~€38 million) in cash, issuing a promissory note for an additional $15 million (~€13 million) when the deal closes. Village Farms is a 30-year-old company whose main business is in produce, but it also grows hemp in the USA. Emerald Health, Vancouver, a “wellness-oriented cannabis” company which is traded OTC on the Toronto Stock Exchange’s Venture Exchange, said it made the sale to “shift away from large-scale, high volume, asset-intense cultivation.”
Like HempToday? How you can support us
Your donations help us to keep HempToday open for all readers, regardless of what they can afford to pay. Through this “information equality” we're able to support hemp entrepreneurs and stakeholders all over the world by keeping a spotlight on hemp and all the promise it offers for economic development and healing our planet.