Aldergrove marijuana greenhouse owner aims at European market

Aldergrove marijuana greenhouse owner aims at European market

Canopy Growth marijuana cultivator anniunces plans to develop and sell cannabis medicines overseas

Owners of the giant marijuana greenhouse on zero avenue near 264 Street in Aldergrove are making a big bet on medical marijuana for the European market, closing a deal that will see the company research new products and import cannabis-based medicines into the United Kingdom.

A (Oct. 15) press release by Canopy Growth Corporation said the company has acquired all outstanding shares in Beckley Canopy Therapeutics, including a joint commercial venture Spectrum Biomedical UK.

Both will be folded into Canopy’s Spectrum Therapeutics organization “to increase the breadth of the clinical research being pursued under the Spectrum banner and to combine continental European and United Kingdom commercial teams,” the announcement said.

Spectrum sells a range of cannabis-related products and has spent “millions of dollars toward cutting edge, commercializable research,” the release stated.

READ MORE: Experimental pot lab sprouting cannabis-infused drinks, new edibles

READ ALSO: Seth Rogen to launch cannabis brand called Houseplant

An expanded Spectrum will be run by two executives with plenty of previous experience in pharmaceutical research, Paul Steckler and Steven Wooding, who will be co-managing directors in charge of all European operations.

Steckler was described as a “seasoned pharmaceutical executive” with over 20 years’ experience in commercial roles, while Wooding has 27 years with Janssen, the pharmaceutical arm of the Johnson & Johnson company.

Canopy Growth CEO Mark Zekulin, said the acquisition comes at a time when commercial opportunities across Europe are “ramping up.”

Spectrum Biomedical has “completed all necessary approvals to import cannabis into the UK market and is proud to facilitate patient access to safe cannabinoid-based medicines there,” Zekulin went on to say.

Canopy Growth has operations in over a dozen countries across five continents.

It operates 11 licensed cannabis production sites with over 4.7 million square feet of production capacity, including over one million square feet of GMP certified production space.

In Aldergrove, the Canopy greenhouse has generated complaints from some residents about the grow lights, odours and noise emanating from the 30-acre operation.

Like us on Facebook and follow us on Twitter

Just Posted

A local letter writer would appreciate if cyclists would think more about safety while riding in the area of River Road in North Langley. (Black Press Media files)
LETTER: North Langley route popular with cyclists but letter writer urges caution

A road user has concerns about some of the cycling habits she’s seeing in the area of River Road

Conservative leader Erin O’Toole spoke to members of the Greater Langley Chamber of Commerce via a Zoom chat with chamber CEO Colleen Clark on Friday, June 11. (Greater Langley Chamber of Commerce/Special to the Langley Advance Times)
Conservative leader talks tourism, trade, SkyTrain with Langley Chamber

The virtual fireside chat included talk about childcare and the budget

Deeba Mostafaie-Mehr, Setare Maleki Rizi, and Olivia Chen Xu from R.E. Mountain Secondary are recipients of three prestigious scholarships. (Langley School District/Special to Langley Advance Times)
Langley STEM students shine as recipients of prestigious scholarships

Three students from R.E. Mountain Secondary recognized

The new Langley Memorial Hospital emergency room opened for its first patients on Tuesday, May 4. (Government of B.C./Special to the Langley Advance Times)
LETTER: Aldergrove woman underwhelmed with new hospital ER

New ER is nice but needs adequate staffing, local woman writes

Graduation ceremonies will look different for the class of 2021. (Black Press Media files)
Ryan’s Regards: 2021 grads deserve more than a round of applause

Students have had a difficult 15 months, incomparable to most eras other classes graduated into

Canadian Prime Minister Justin Trudeau participates in a plenary session at the G7 Summit in Carbis Bay, England on Friday June 11, 2021. THE CANADIAN PRESS/Adrian Wyld
Canada donating 13M surplus COVID-19 vaccine doses to poor countries

Trudeau says the government will pay for 87 million shots to be distributed to poor countries

Premier John Horgan speaks as provincial health officer Dr. Bonnie Henry, right, and health minister Adrian Dix look on during a press conference to update on the province’s fall pandemic preparedness plan during a press conference from the press theatre at Legislature in Victoria, Wednesday, Sept. 9, 2020. THE CANADIAN PRESS/Chad Hipolito
B.C. officials to provide details on Step 2 of COVID reopening plan Monday

Step 2 could allow for larger gatherings and a resumption of recreational travel

Indigenous Services Minister Marc Miller is seen during a news conference, Wednesday May 19, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Indigenous child-welfare battle heads to court despite calls for Ottawa to drop cases

Feds are poised to argue against two Canadian Human Rights Tribunal rulings

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

The Great Ogopogo Bathtub Race has been held in Summerland as a fundraising event. Do you know which Canadian city introduced this sport? (Black Press file photo)
QUIZ: A summer’s day at the water

How much do you know about boats, lakes and water?

Two-year-old Ivy McLeod laughs while playing with Lucky the puppy outside their Chilliwack home on Thursday, June 10, 2021. (Jenna Hauck/ Chilliwack Progress)
VIDEO: B.C. family finds ‘perfect’ puppy with limb difference for 2-year-old Ivy

Ivy has special bond with Lucky the puppy who was also born with limb difference

A million-dollar ticket was sold to an individual in Vernon from the Lotto Max draw Friday, June 11, 2021. (Photo courtesy of BCLC)
Lottery ticket worth $1 million sold in Vernon

One lucky individual holds one of 20 tickets worth $1 million from Friday’s Lotto Max draw

“65 years, I’ve carried the stories in my mind and live it every day,” says Jack Kruger. (Athena Bonneau)
‘Maybe this time they will listen’: Survivor shares stories from B.C. residential school

Jack Kruger, living in Syilx territory, wasn’t surprised by news of 215 children’s remains found on the grounds of the former Kamloops Indian Residential School

Most Read