Clairtone closed in escrow for marijuana company

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The former Clairtone building is now the property of Vida Cannabis Corp.

Anthony Wile, left, and Greg Wilson look forward to the day when the Clairtone building in Stellarton will be bustling with activity. They stand here in part of the large building. ADAM MACINNIS – THE NEWS

Vida Cannabis announced on their website today the company's wholly owned Canadian subsidiary, Vida Cannabis (Canada) Ltd. (“Vida Canada”), has closed in escrow on the $500,000 purchase of the 315,000-square-foot former production plant located at 114 Acadia Avenue, Stellarton, Nova Scotia.

Vida believes this facility is the ideal structure to house a large-scale medical marijuana production plant and say its location in Stellarton is ideal, with the modern infrastructure in place to efficiently run such a facility.

Vida Cannabis CEO Greg Wilson stated: “We are very grateful to the Town of Stellarton for their strong support throughout the negotiation process. It was very clear that our interests were aligned right from the outset. It is our sincere objective to create jobs in order to support the local economy.”

The Town of Stellarton has granted Vida Canada immediate access to the building in order to begin renovations. Stellarton has given a 50-year consent to Vida Canada's operations in its jurisdiction.

Organizations: Vida Canada

Geographic location: Stellarton, Canada, 114 Acadia Avenue Nova Scotia

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