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48North voiced its confidence that its indoor cultivation facility in Kirkland Lake, Ont., coupled with the company’s strategic partnerships with other LPs, “will ensure the quantity and quality of cannabis products required to meet expected demand.”
Charles Vennat, CEO of 48North, previously reported that the company was able to grow 12,000 kilograms of cannabis at a cost of 25 cents per gram outdoors at GoodFarm compared to some indoor growers who spend $2 per gram, according to
48North’s rejigging of operations demanded “restructuring our workforce and redeploying resources towards commercialization, branding and innovation, and deepening relationships with retailers and wholesalers,” Vennat says in the statement, calling it “a difficult decision.”
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