The government of Newfoundland and Labrador and Auxly Cannabis Group have signed a deal that will see the company produce and sell cannabis, and build new stores and a production facility.
Auxly and its partner Atlantic Cultivation become the third private enterprise to make a deal with the government for the production and sale of cannabis, which became legal in Canada last October.
The deal is similar to the government’s agreement with Canopy Growth.
According to the government, “the estimated net return to the treasury over the 10-year term is $37 million.”
Tourism and Innovation Minister Christopher Mitchelmore announced details of the agreement