Aphria Takes Another Giant Step Into The American Marijuana Market

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Aphria has done it again. The Canadian marijuana producer has further extended its reach into the American medical marijuana market, this time in the state of Ohio. Aphria is not content with staying north of the border. They have already begun to establish a foothold in the state of Florida, partnering with a local nursery who had been granted one of only a handful of cultivation licenses. Now they hope to become a major player in Ohio’s burgeoning market.

Aphria has partnered with the Schottenstein family, who are most known for their retail empire which houses American Eagle, and DSW stores around the world. The newly formed company called Schottenstein Aphria LLC, is hoping to acquire one of the twenty-four cultivation licenses being issued to eager cannabis companies. The company has applied to open a 25,000 square foot facility specifically purposed for the cultivation of medical cannabis. More than 25% of the state’s population qualify for medical marijuana, making it one of the more sought after licenses around the country.

Aphria has already started to set up shop in Florida with their acquisition of Florida nursery, Chestnut Hill Farms was announced back in April/17. This particular investment of $67 million dollars into the Florida medical marijuana market bought Aphria a controlling stake in the company who has been established in the area for decades, prior to marijuana legalization. In Arizona**, the company purchased a 5% stake in Copperstate Farms. If the pace of acquisition keeps up, Aphria might become the largest cannabis producer in the US.

 

July 31, 2017

by Cory Hughes

Profile photo of Cory Hughes
Cory Hughes is a former police officer turned cannabis cultivator and writer. After years of being on the wrong side of the law, Cory decided to hang up his badge and gun and move into an industry that truly has the potential of bringing people together. He has been an active part of the Colorado cannabis culture and has worked as a horticulturist in dozens of licensed grow operations. Cory now looks to share his knowledge of cultivation and horticulture with the world.

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