Canadian medical cannabis producer expands its operations to Portugal

Canadian medical cannabis producer expands its operations to Portugal

The Canadian medical cannabis producer Tilray will spend Ђ20-million ($30 million) in the construction of a processing thc hemp oil and greenhouse facility in Portugal. The business may be the first to have a license to import, cultivate and proceed cannabis containing THC in the united states, marking a step that is big its expansion to European countries.

The cannabis growing and facilities that are processing be found near Coimbra, about 220 north that is km of money Lisbon. The construction shallbegin the following month and is likely to be finished by the very first quarter of Year next. Tilray’s investment is the outside that is first of and certainly will produce 100 job that is local.

The organization intends to distribute cannabis and cannabis-derived items for medical purposes to clients throughout the European Union.

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“Portugal has got the perfect weather to cultivate cannabis, a highly-skilled medical care workforce and a research that is vibrant,” said Tilray CEO Brendan Kennedy. In accordance with his quotes, the business could provide as much as 10 million clients throughout the next a decade, amounting to about 40 billion buck market.

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