$230 million sale of Vancouver Island craft cannabis producer shocks local industry

A massive deal for a Vancouver Island cannabis grower could be an indication of what’s in store for the local craft cannabis industry.

This week, Ontario-based licensed marijuana producer Aphria Inc acquired Ladysmith cannabis grower Broken Coast in a deal worth about $230 million in cash and shares.

The sale itself  wasn’t much of a surprise but the amount the local grower was bought for was a shock, said Travis Lane, the director of B.C.’s Independent Cannabis Association.

“They were actually relatively small, so