MediPharm sells B.C. facility with big plans for Napanee site

MediPharm’s Napanee operation to expand by 30 per cent

MediPharm Labs Corp. has unveiled plans to expand its Napanee operation, located on Vanluven Road. The pharmaceutical company, which specializes in precision-based cannabinoids, announced the closing of the sale of its Hope, British Columbia facility (the “Hope Facility”) to Rubicon Organics Inc. for $4.5 million in cash (the “Transaction”). In parallel, the company is expanding annual international cultivation capacity at its EU GMP-certified f…

MediPharm sells B.C. facility with big plans for Napanee site

socastcmsRssStart88.7 myFM News staffsocastcmsRssEnd MediPharm Labs has sold its Hope, B.C. facility to Rubicon Organics for $4.5 million in cash, as part of a move to focus on core operations and boost efficiency. The facility came with MediPharm’s 2023 purchase of VIVO Cannabis, but all commercial activities there ended in 2024. At the same time, the company is expanding production at its Napanee, Ontario site. This EU GMP-certified facility …