Saturday, January 25, 2014 12:21:35 PM
http://blogs.windsorstar.com/2014/01/07/company-invests-12-million-to-grow-medical-marijuana-in-lakeshore/
City agenda and minutes (Same story but in the city recorded minutes, Pg. 109 on PDF):
http://am.countyofessex.on.ca/County%20Council%20Agenda/2014-01/15-19-00/Packet.pdf
“I could not think of a better community to launch this new industry than Windsor-Essex for two very good reasons,” said Joseph Byrne, an investor of CEN Biotech, and owner of Joseph Byrne Law Firm and Byrne Produce. “Our community houses the continent’s most robust, secure border environment, and as a hub for agriculture expertise, our region boasts the country’s best hub for horticulture. I am delighted to be part of a $12-million investment.”
http://www.economicdevelopmenthq.com/blog/tag/canada/
The Governments of Ontario and Canada have each pledged CAD$50 million to the fund, and private sector partner commitments boosted the total to CAD$217 million under the first closing.
As additional private investors get on board, the funding may increase up to CAD$300 million. Ontario is aiming to use this fund to attract investments to the province and help Ontario-based businesses compete globally.
Ontario Premier Kathleen Wynne said in a statement that they want to continue to attract investments to Ontario and support the most innovative companies. Premier Wynne added that funds like these are a great tool to help companies access the capital they need to grow, create jobs and expand into global markets.
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