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MediPharm Labs sells facility in Hope, B.C., to Rubicon Organics for $4.5M
- MediPharm Labs Corp. Has signed a deal to sell its facility in Hope, B.C., to Rubicon Organics Inc. For $4.5 million in cash.
- The facility has not been in use since 2024, following MediPharm's consolidation after acquiring VIVO Cannabis Inc.
- Rubicon Organics aims to increase its production capacity with the purchased facility and equipment.
- The transaction is expected to close in the second quarter of 2025, pending approvals and conditions.
11 Articles
11 Articles
MediPharm Labs to Sell Hope Facility to Rubicon Organics for $4.5M
TORONTO – MediPharm Labs Corp. and Rubicon Organics Inc. have reached an agreement under which Rubicon will purchase MediPharm’s facility in Hope, B.C., for $4.5 million in cash. The sale will include equipment, land, and building. MediPharm ceased all commercial activities at the Hope Facility in 2024, consolidating operations to deliver cost synergies following its acquisition of VIVO Cannabis Inc. Through the transaction, MediPharm Labs is mo…
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StratCannRubicon Organics looks to acquire former Canna Farms facility from Medipharm Labs
Rubicon Organics Inc. has entered into a purchase and sale agreement with Medipharm Labs Inc. to acquire the former Canna Farms facility in Hope, British... The post Rubicon Organics looks to acquire former Canna Farms facility from Medipharm Labs appeared first on StratCann.
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