Third-generation coffee farmer Lloyd Tomlinson is involved in a regional deal that sees his new marijuana company Marigold Limited being partially acquired by Aphria Limited of Canada, according to stock market filings.
Marigold will set up five herb houses across Jamaica, the first of which will open at the Pulse Centre at Trafalgar Road, New Kingston.
Tomlinson, who is managing director of Marigold Limited, corroborated statements disclosed in the filings by Aphria Limited but said he would reserve full comment about the retail ganja venture until all his licences are issued by the Cannabis Licensing Authority.
Marigold already has conditional approval for several licences, according to Aphria, covering the processing of ganja, growing ganja on more than five acres of land, herb house retail, therapeutic retail; and research and development.
The operation will be fed by a 20-acre farm at Bernard Lodge but could potentially source raw material from a farm operated as a separate business by the Tomlinson family within the Blue Mountains. That farm awaits approval to grow marijuana.
Tomlinson said the movement from coffee to ganja maintained his interest in agriculture but was necessitated by financial realities, while noting that coffee is experiencing a decline and that alternative products and services offer increased revenue opportunities.
The family-owned coffee company, Blue Mahoe Estate, operates separately from Marigold, but in the future, there is the potential for synergies, Tomlinson indicated.