CAN: Houweling completes deal in Europe

The company connected to the large-scale cannabis conversation of Houweling Nurseries in East Ladner has just completed a major deal in Europe in order to focus on its Canadian operations.

AgraFlora Organics last week announced that it has divested itself of its joint venture with another cannabis company, Roughrider Capital Corp., in Greece. It was a joint venture originally intended to establish Agraflora as a medical cannabis cultivator in the European country and provide an entrance to the European Union.

Following the divestment, AgraFlora in a news release stated it has recommitted to focusing on getting its Delta-based joint venture with Houweling Nurseries completed and licensed with Health Canada. The plan is convert the 64th Street facility in several phases to cannabis production.

However, AgraFlora will still have an interest in Roughrider, hoping to eventually breaking into the European market.

“Our new strategic relationship with Roughrider Capital and its European partners is a tremendous opportunity for AgraFlora to supply the world’s second largest cannabis market: the European Union,” said Derek Ivany, AgraFlora president and CEO.


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