Cobourg’s former Kraft plant is about to be transformed into a multi-million-square-foot medical marijuana facility that could generate as many as 1,200 jobs in five years.
FV Pharma Inc. secured a licence from Health Canada to legally grow medical marijuana on the 13th, said founder and CEO Thomas Fairfull. The Whitby-based company wants to harvest its first crop, 4,000 kilos of marijuana, as early as February 2018. It aims to employ 150 people by the end of next year and “keep going as we add space,” said Fairfull.
FV Pharma intends to purchase the entire 15-acre property, now called the Cobourg Innovation Centre, and has a closing date set for December.
“I don’t like leasing, it sounds temporary,” Fairfull said, adding he’s here to stay.
“I got some investors involved, brought more money in and thought, ‘we will make this operation the biggest and best marijuana facility in the world.’”
SOURCE: Beattie, S. (October 13, 2017). Marijuana company to breathe new life into Cobourg’s former Kraft plant. Toronto Star. Retrieved from https://www.thestar.com/news/gta/2017/10/12/marijuana-company-to-breathe-new-life-into-cobourgs-former-kraft-plant.html