European Cannabis Giant Bedrocan To Re-Enter Canadian Market With Pharmaceutical-Grade Products, New Facility
Portfolio Pulse from Javier Hasse
Bedrocan International is re-entering the Canadian market with pharmaceutical-grade cannabis products, acquiring a new facility in Scarborough and a cultivation license from Health Canada. Production is set to begin in early 2025. The company previously ended a partnership with Canopy Growth Corp (NASDAQ:CGC).
October 11, 2024 | 8:52 pm
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Canopy Growth Corp previously partnered with Bedrocan International, which is re-entering the Canadian market with a new facility and cultivation license. This could impact CGC's market position.
Bedrocan's re-entry into the Canadian market could alter competitive dynamics, potentially affecting Canopy Growth Corp's market share. However, the direct impact is uncertain as Bedrocan will operate independently.
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