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Cannabis Growing Facilities Up for Sale Across B.C.

Cannabis Growing Facilities Up for Sale Across B.C.

Large cannabis growing facilities are up for sale in communities across the province as the industry comes to grips with slower-than-expected sales of government-sanctioned cannabis products.

An 18,000-sq.-ft. cannabis cultivation and processing facility is for sale in the Village of Lumby after its owner True Leaf Brands entered bankruptcy proceedings. The asking price for the warehouse-sized operation on 40 acres is $7.25 million.

“We are on a good piece of land in a town that is supportive of the business, so we’ve had quite a bit of interest,” said True Leaf CEO Darcy Bomford. “The deadline for bids is June 19.”

– Read the entire article at Vancouver Sun.

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