Article content

A licensed producer of medical cannabis has acquired a stake in a Montreal-based maker of soft gelatin capsules as it looks to offer its customers more ways to consume medical cannabis.

Alberta-based Aurora Cannabis — which has been growing at a facility in Pointe Claire since last fall — has acquired 19.99 per cent of Capcium for $10 million, the companies said on Thursday.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Cannabis grower Aurora buys stake in Montreal softgel capsule maker Back to video

“This is, honestly, a huge game changer for us,” said Mitch Greenspoon, the chairman and co-founder of Capcium. “This is credibility and endorsement from one of the largest players in the space. They’ve looked in detail at our expertise and the plant that we intend to bring online and they’ve said these are they guys that we want to partner with. It’s extremely transformative for us, as a young company.”

Capcium, which was created in 2013, currently makes softgel capsules for the pharmaceutical and nutraceutical industries. It plans to use some of the proceeds from the deal to build a new production facility, Greenspoon said.