Major Cannabis Company Withdraws from MCK Partnership
Written by Paul on August 8, 2019
Major cannabis production and research company Canopy Growth has withdrawn its offer to build a production facility in Kahnawake.
“They are no longer looking to add to their production facilities” says Chief Gina Deer, who’s been the lead on the file.
She says Kahnawake hasn’t received official notice that the deal is closed, but that plans for production expansion has been called off.
Canopy Growth had originally approached the MCK in November 2017.
“We had a timeline,” says Chief Deer. “We were confident that by the end of the term sheet, on July 31st, we could’ve had most of [the details] ironed out.”
The recent change in management is likely the cause for the withdrawal. In July, Canopy announced former Co-CEO Bruce Linton would step down causing shifts across several high-level positions. Canopy Growth did not respond to comment for this story.
But, this isn’t the end of discussion for Cannabis and Kahnawake.
“Canopy growth was one of many propositions that came to the Mohawk Council,” says Deer. “We haven’t stopped that, we’re going to continue looking at possibilities.”