Another publicly traded Canadian marijuana company is expanding in Colorado.
Toronto-based investment firm Slang Worldwide recently announced it has agreed to purchase Pleasant Valley Ranch, an outdoor and greenhouse marijuana production facility in Carbondale. According to Slang, the cultivation has a 1,600 square-foot greenhouse and five acres of outdoor grow, with an overall capacity of 3,600 plants — which Slang aims to double by the fourth quarter of 2021.
This is the second time this fall that Slang has made news with its plans to acquire a Colorado marijuana business. In September, Slang closed a deal to purchase Peoria Partners LLC, an edibles manufacturing plant in Denver. If Slang gets the needed approval from the Colorado Department of Revenue, it plans to use the Pleasant Valley facility to grow marijuana for District Edibles, another Slang subsidiary in Colorado, with Peoria Partners handling District’s extraction, production and distribution processes.