Pitt Meadows city councillors received a tour of Maple Ridge’s Agrima Botanicals last year. (Contributed)

Agrima Botanicals in Pitt Meadows signs medical marijuana agreement with Aurora Cannabis

The Agrima facility in Pitt Meadows will supply Aurora with dried cannabis flower and trim.

  • Jun. 12, 2018 10:15 a.m.

The Agrima Botanicals facility in Pitt Meadows, as part of a new deal, will supply Aurora with up to 20,000 kilograms of dried cannabis flower per year, for the next five years.

In addition to dried cannabis flower, Agrima will also supply up to 6,000 kg of cannabis trim per year.

Agrima is a subsidiary of Ascent Industries, a licensed producer of medical marijuana.

Philip Campbell, CEO and director of Ascent, said that the company is delighted to be selected as a supplier to Aurora.

“We believe this represents the beginning of a strong strategic relationship with Aurora, one which will benefit both companies for years to come.”

Agrima will produce the cannabis flower and trim at its facility in Pitt Meadows, a 600,000 square foot building with automated cultivation and a capacity of 60,000 kg of cut flower per year.

“The agreement with Ascent brings further differentiation to Aurora’s growing portfolio of products,” said Terry Booth, Aurora CEO. “Expanding product choice to our various audiences through quality operators, such as Agrima, positions us well to accelerate growth. Furthermore, the relationship provides an opportunity to potentially source additional, higher-margin derivative products down the line.”

The agreement is effective for five years, subject to a 12,000 kg per year minimum.

Currently, Ascent has licenses to cultivate cannabis and plans to apply for a distribution license in the future.

Ascent has facilities in Canada, Oregon, and Nevada.

Aurora Cannabis is a Canadian medical marijuana producer. On Tuesday, it signed an agreement to buy Anandia Laboratories Inc. in an all-stock deal valued at $115 million.

A proposal by Pinecone Products for the Golden Ears Business Park was approved in 2017.

Ascent Industries is the parent company for both Agrima Botanicals in Maple Ridge and Pinecone in Pitt Meadows.

Agrima, established in 2013, has a research agreement with SFU’s biological sciences department, and is a provider of medical cannabis products.

The company has received over $450,000 in government grants to date for cannabis research.

Agrima has 75 employees in Maple Ridge, and 28 have university degrees, college diplomas or red seal certifiicates.

Reid Parr, co-founder and chief financial officer of Ascent, told Pitt council in October that Pinecone would be a secure, custom research and processing facility with up to 40 highly skilled workers once fully operational.

It has live, verified monitoring of the site with 100 per cent camera coverage, and a custom three-stage air filtration system.

Agrima’s Maple Ridge facility is on agricultural land, to conform with bylaws.

 

Pitt Meadows city councillors Bill Dingwall (left) and Tracy Miyashita toured Maple Ridge’s Agrima Botanicals last year. (Contributed)

Just Posted

Spawning chum returning to Kanaka Creek

Run will peak at Halloween

Bear goes out on a limb for Thanksgiving feast

Maple Ridge Bears group rallies to save animal

Flames drop two games on weekend

Ridge Meadows hosts Pilots on Friday

Pitt Meadows police review nearing recommendations

Report to council expected as soon as November

Letter: Time to resume work on election reform?

Last time, Trudeau promised a new system

VIDEO: B.C. man’s yard comes alive with grizzlies at night

Malakwa man has captured images of 12 different grizzlies on video

Man who orchestrated Mission murders gets day parole after serving less than three years

Victims’ parents express grief, outrage over parole board decision

Woman, 24, faces life-altering injuries after being dragged 4 blocks by vehicle in Vancouver

A gofundme account says the woman will have to undergo multiple complex surgeries

Fatal overdoses down by 33% in B.C., but carfentanil deaths continue to spike

Carfentanil, an illicit drug more powerful than fentanyl, causing more deaths than ever

A year after pot legalization in Canada, it’s a slow roll

It’s one year into Canada’s experiment in legal marijuana, and hundreds of legal pot shops have opened

ELECTION 2019: Climate strikes push environment to top of mind for federal leaders

Black Press Media presents a three-part series on three big election issues

ICBC willing to loosen grip on driver claim data, David Eby says

Private insurers say claims record monopoly keeps them out

Most Read