Goderich is getting into the research of high-end cannabis products.
Starting sometime next year, 7Acres of Tiverton will open a research and development facility on Parsons Court.
The word came two days before cannabis becomes legal in Canada.
7Acres General Manager Ram Davloor Monday told Town Council the facility will start small, with the potential to expand.
He mentions that the 7Acres Goderich facility will look into developing medicinal and recreational cannabis product lines, and will likely employ 20 to 30 people when it launches.
Davloor says the R-and-D operation will be nationally recognized by Health Canada, and that a growing area could be added in the future.
Meanwhile, 7Acres in Tiverton employs 280 people, which Davloor predicts will top 500 when it reaches full capacity next summer.
He projects that the Tiverton operation has the potential to generate $300 million in annual revenue.
Negotiations involving 7Acres and the Town of Goderich have been ongoing for the past several months, and the deal on the Parsons Court property closed early this month.
Council has voted to support in principle the 7Acres facility.
7Acres will hold a job fair at the Columbus Centre on Parsons Court on Saturday, October 27th, from 10am till 4pm.