Canadian company invests millions in Kiwi research to improve cannabis crops

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The world’s largest grower and supplier of medicinal cannabis has invested more than $2 million in a small Kiwi agri-tech company.

Canadian company Canopy Rivers’ investment of US$1.5m (NZ$2.2m) in BioLumic is for the development of UV treatments that improve the performance and yield of cannabis crops.

Palmerston North-based BioLumic’s chief executive Warren Bebb said it was satisfying to see more global companies choose to invest in the “world-leading” company.

“New Zealand agri-tech companies are starting to make a mark globally… It’s a testament to the value of scientific research.

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