Marijuana Business Magazine

Cronos Partners With Israeli Kibbutz Ontario-based marijuana holding company Cronos Group is partnering with an Israeli collective settlement to grow medical marijuana in northern Israel. Gan Shmuel is a kibbutz about 60 kilometers north of Tel Aviv that also owns a stake in an Israeli company that grows and sells citrus fruits. Cronos plans to export the MMJ to overseas markets. Once the project is built out, it hopes to generate nearly $160 million a year (CA$200 million) and produce up to 52,911 pounds of MMJ annually. Tilray’s Portuguese Play British Columbia-based licensed producer Tilray plans to spend $24 million (20 million euros) to build a medical cannabis production facility in Portugal to serve the European Union. Unlike Cronos, Tilray is pursuing its overseas expansion on its own – through a wholly owned subsidiary in Portugal, Tilray Portugal Unipessoal Lda . Expanding Tweed Tweed Farms – a subsidiary of Canopy Growth Corp . and the largest licensed canna- bis producer in Canada – has purchased land near its current site at Niagara-on-the-Lake, Ontario, and is beginning facility construction on existing properties. Once completed, the construction will bring Tweed’s total greenhouse space to more than 1 million square feet and triple its overall production space. Brendan Kennedy, Tilray Mike Gorenstein, Cronos Group