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Canopy Growth receives licence to grow cannabis in New Brunswick

Ciara Linnane

Canopy Growth Corp. said Monday it has received a licence from Health Canada to grow cannabis at a facility in Fredericton, New Brunswick. The Canadian cannabis company said it expects the facility to produce more than 5,000 kg of cannabis a year with the first harvest expected within six months. The company is expecting to add jobs, including lab supervisors, technologists, growers, post-harvest crews, quality assurance experts, and shipping and maintenance crews. Details of the jobs on offer will be revealed in the coming weeks. Applicants can monitor canopygrowth.com/careers as well as the company's @CanopyGrowth Twitter feed. U.S.-listed shares rose 0.6% premarket and have gained 71% in the last 12 months, while the S&P 500 has gained 8%.