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MediPharm Labs sells its Hope, BC facility to Rubicon Organics for $4.5M to expand cannabis production.
MediPharm Labs has agreed to sell its facility in Hope, British Columbia, to Rubicon Organics for $4.5 million in cash.
The sale is expected to close in the second quarter of 2025, pending approvals.
MediPharm ceased operations at the facility in 2024 after acquiring VIVO Cannabis and consolidating its operations.
Rubicon Organics plans to use the facility to boost its production capacity.
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MediPharm Labs vende sus instalaciones de Hope, BC a Rubicon Organics por $4,5M para expandir la producción de cannabis.