NZ: Chrysanthemum hothouse nursery could be sold to medicinal cannabis plantation producers

Medicinal cannabis plantation producers are on the list of potential buyers for one of New Zealand's most productive chrysanthemum hothouse nurseries, says an agent.

GAIT Flowers Nursery in the Hauraki Plains is for sale as a going concern business and freehold property for an asking price of $1.3 million plus GST through Bayleys Hamilton.

Salesperson Josh Smith says a potential buyer expressed interest in converting the Kerepehi nursery into what could be New Zealand's first commercial-scale medicinal cannabis growing operation.

The nursery, at 346 Reservoir Canal Rd, produces 15 varieties of chrysanthemum, encompassing yellow, white, pink/mauve, red and green colourings.

In the June to May 2018/2019 production year, the nursery harvested 464,251 stems — nearly 43 per cent more than in 2015/16.

The nursery consists of a pair of three-bay greenhouses, one two-bay greenhouse, two propagation houses, a three-bay implement shed and skyline garage. Combined, the greenhouses encompass 4214sq m of covered growing space.

Source: NZ Herald

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