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flag MediPharm Labs sells its Hope, BC facility to Rubicon Organics for $4.5M to expand cannabis production.

flag MediPharm Labs has agreed to sell its facility in Hope, British Columbia, to Rubicon Organics for $4.5 million in cash. flag The sale is expected to close in the second quarter of 2025, pending approvals. flag MediPharm ceased operations at the facility in 2024 after acquiring VIVO Cannabis and consolidating its operations. flag Rubicon Organics plans to use the facility to boost its production capacity.

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