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.