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Weed producer Aphria granted cultivation permit at the Diamond plant



Health Canada updated the site late Friday to say it had licensed Aphria Inc.s

APHA, + 3.80%

APHA, + 3.18%

Diamond plant for cultivation. The Aphria share gained more than 1% during the extended session after the regulator's website was updated with the new license. Aphria has said that the Diamond plant, a collaboration with greenhouse operator Double Diamond Farms, is expected to reach more than 1

00,000 kilos of capacity after approval. Aphria announced the partnership in January 2018, saying initially that it expected the plant to be operational by 2019, pending Canada's approval. The Aphria share has fallen 55% over the past year, as the ETFMG Alternative Harvest ETF

MJ, + 1.08% ,

tracking a basket of weed stocks has dropped 38%.


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