Aurora Cannabis (TSX: ACB) and Denmark tomato producer Alfred Pedersen & Son have plans set in place to construct a 93,000 sq. ft. cultivation facility located in Odense.
Aurora and Alfred Pedersen & Son have recently entered into a joint venture, under the name Aurora Nordic Cannabis, which plants to product 120,000 kg of cannabis a year.
Aurora Nordic Cannabis had to go through a strict approval process to cultivate cannabis in Denmark. It required receiving approval from the Laegemiddelstyrelsen, a Danish medical agency, the Landbrugsstyrelsen, an agricultural agency, and the national police, Rigspolitiet. The company already has ambitious plans to expand its operations to the countries of Norway and Sweden.
Actually Aurora Cannabis isn’t the only company setting up operations in Denmark. The company’s rival Canopy Growth Corp has constructed their own 40,000 sq. ft. facility with partner Spectrum Cannabis Denmark in Odense.