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Canadian Cannabis Company Pays $40 Million for Florida Pot Grower

In the first big-dollar deal in Florida’s budding marijuana industry, a Canadian company paid $40 million for one of seven firms allowed to grow and sell cannabis in the state.

Liberty Health Sciences of Toronto this month bought Chestnut Hill Tree Farm of Alachua County, an operation that’s still very much in start-up mode.

Chestnut Hill has yet to open a retail outlet, and Liberty Health Sciences Chief Executive George Scorsis acknowledges that the company remains in a “pre-revenue” phase.

Read More at WOKV.com 

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