High Park Gardens Licensed Cannabis Greenhouse In Leamington To Close

Hello time traveller!!
This article is 1644 days old.
The information listed below is likely outdated and has been preserved for archival purposes.

High Park Gardens, a licensed cannabis greenhouse located in Leamington is being shut down by its owner Tilray.

In 2019, Tilray acquired Natura Naturals Inc., which has since operated as High Park Gardens.

The High Park Gardens facility contains 406,000 square feet of Health Canada licensed space for cannabis cultivation and manufacturing.

The closure will take place over the next six weeks.

The company says that as a result of the closure, they will realize annualized net savings of approximately $7.5 million.

“We are continuously evaluating the evolving needs of our business, against a challenging industry backdrop, to ensure we’re in the best position to produce world-class products and deliver positive results for our stakeholders,” says Brendan Kennedy, Tilray CEO. “The decision to close a facility is never easy but we are confident that this will immediately put Tilray in a better position to achieve our goals of driving revenues across our core businesses and working towards positive adjusted EBITDA by the end of 2020. We are very confident our existing operations team will continue to serve our valued patients and customers with no interruption. On behalf of myself, the rest of our executive team and our colleagues across the organization, I’d like to extend my sincere gratitude to the team at High Park Gardens for their contributions to Tilray and High Park.”