P.E.I. Marijuana Company to Grow Expansion to $35 Million

Facility plans to produce 25 to 30 times more cannabis, create up to 200 jobs.

Canada’s Island Garden in Charlottetown is growing its business by more than it originally planned. The P.E.I. marijuana grower is building a new greenhouse and warehouse, at a cost of $35 million.

“It’s a very exciting day for me today,” said Edwin Jewell, the company’s president and CEO.

“I’m very pleased and very proud to think that what started out as an idea just a few years ago has turned into a successful company.”

But a new investor has given the company the capital it needs for a bigger expansion. In February, Alliance One International Inc., based in North Carolina, announced its subsidiary Canadian Cultivated Products acquired a 75 per cent equity position in Canada’s Island Garden.

Written By: Nancy Russell
Read The Whole Article At CBC

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