GrowForce Acquires WILL Cannabis in Brampton, Ontario
TORONTO, April 24, 2018 (GLOBE NEWSWIRE) -- GrowForce, a newly-launched Canadian-based cannabis platform, announced today the purchase of WILL Cannabis Group in Brampton, Ontario. WILL is an Authorized Licensed Producer of Cannabis for Medical Purposes through Health Canada, and GrowForce is planning to use this license to add additional operational facilities across the country. GrowForce also plans to expand WILL’s existing facility and increase total production capacity to over 5,000 kg per annum.
“We considered many potential partners before selecting GrowForce. We felt their business model, financial backing, team culture and deep industry experience would allow us to focus on intelligently growing our business and producing a high quality product set,” said Jerry Silva, Chief Executive Officer at WILL Cannabis Group.
Currently privately owned, GrowForce plans to build a vertically integrated cannabis platform with cultivation, processing and retail facilities across Canada and other federally legal markets worldwide. GrowForce has engaged MJardin Group under an exclusive agreement to operate its cannabis facilities in Canada. MJardin has successfully managed over 30 legal cannabis facilities across several U.S. States.
“GrowForce’s focus is on acquiring strategic assets in Canada and other federally legal markets, and we determined WILL Cannabis was an ideal candidate because we can quickly scale up their output,” said James R. Lowe, Vice Chairman of GrowForce. “We look forward to combining MJardin’s operations expertise, proprietary software, research and intellectual property with WILL’s knowledge to grow, cultivate and distribute the best quality cannabis in Canada.”
This facility is the second asset GrowForce has acquired in the Canadian market, the first being Grand River Organics in Dunville, Ontario. All of WILL’s employees will be staying on with the new ownership, with plans to add significant workforce at the facility once the expansion is complete.
“GrowForce is pursuing a number of strategic opportunities to create a diversified portfolio of cannabis assets throughout Canada and other federally legal markets, and the addition of WILL to our portfolio is a great step both in terms of the license itself and the technical expertise of the team,” said Rishi Gautam, Chairman and Chief Executive Officer of GrowForce. “We are in the process of acquiring additional facilities throughout Canada and expect to make more announcements soon.”
GrowForce will rebrand WILL Cannabis Group in the coming months to reflect the new ownership.
GrowForce is a Canadian-based cannabis platform that operates within Health Canada’s Access to Cannabis for Medical Purposes Regulations. The company owns a majority interest in flagship cannabis facilities operated through Health Canada’s ACMPR, with strategic partnerships for turnkey operations, proprietary software and training, and project financing. GrowForce’s flagship facilities are intended to be operated by MJardin Group, North America’s largest turnkey operator of legal cannabis facilities, and financed by Bridging Finance Inc., Canada’s leading provider of private credit. Fo or nformation, leas isit https://www.growforce.ca.
Raegan Hedley, Dooley Communications