Aurora Cannabis Inc. (TSX:ACB) could be on the verge of striking gold in the near future, as the Canadian cannabis cultivator prepares to join forces with Danish pepper and tomato-production company, Alfred Pedersen & Son (TSX:WEED). The aim of the partnership is to cultivate the cannabis plant for sale and distribution throughout Denmark, Finland, Iceland, Norway and Sweden. 

A press release revealed how this promising pursuit will be the initial instance of organic cannabis production by the Canopy family, which was granted a license to grow medical cannabis by the Danish Medicines Agency on January 1. Since Canada is expected to be the second country to give recreational cannabis sales the green light by summertime of 2018, Aurora could be onto something big with this move. 

Canopy Rivers will pour $15 million into the project, which will necessitate almost-identical growth conditions as pepper and tomato production. Organic tomatoes have already been cultivated using the current farming infrastructure. By applying the very same techniques and knowledge to cannabis cultivation, the Ontario-based medical marijuana company can yield high-quality organic cannabis flowers.

Expressing his excitement about the forthcoming business venture, Canopy’s chairman and CEO, Bruce Linton, said in a press release:

“The fusion of Canopy’s cannabis expertise with the greenhouse expertise of Les Serres Stéphane Bertrand is fantastic news for our customers and investors. The joint venture allows us to expand our operational footprint for greenhouse production, and establish a much larger foothold in Quebec”

A greenhouse measuring 700,000 square feet will be transformed into a production facility for the annual cultivation of as much as 120,000 kg of cannabis. Ecocert organic-certified, the greenhouse will be modified by April and ready for use in alliance with organic farming practices by May 2018.

This undertaking will see Les Serres Stéphane Bertrand and Canopy Growth Corporation enjoying a slice of the pot pie, with Bertrand expected to claim a 33.3 percent stake in the company, of which will be renamed Les Serres Vert Cannabis Inc. Bertrand stands to receive a generous amount of the shares, with an estimated $2.75 million to be issued in four balanced tranches. The remaining 66.7 percent will be split evenly between Canopy Rivers and Canopy Growth. 

This won’t be the first time Aurora rakes in the cash from their stash, however. Boasting two cannabis production facilities in Quebec and two in Alberta, the company pocketed $3.1 million by selling 354 kg of cannabis in November last year. In addition to this, Aurora acquired 116,000 shares of CanniMed Therapeutics Inc. and z 17.62 percent stake in The Green Organic Dutchman Holdings Ltd. (TGOD) during the first week of 2018, making the cannabis giant a major competitor in this up-and-coming industry.