Smiths Falls, Ont., home of a Canadian cannabis giant

OTTAWA — The small Ontario community of Smiths Falls is home to Tweed Inc. and its parent company Canopy Growth Corp., which make up one of the biggest licensed cannabis producers in the world.

Locals say the presence of a global company like Canopy Growth, which has a stock market value of nearly $14.7 billion, in Smiths Falls has had a big impact on the economy and the town’s optimism for the future.

The end of prohibition Wednesday for recreational weed is expected to benefit the company and, by extension, Smiths Falls, which has struggled through years of difficult economic challenges following the closures of major employers.

Here’s quick look at facts about Smiths Falls:

— 8,780: town’s population in 2016.

— 4.2 per cent: population change between 2011 and 2016.

— 9.3 per cent: unemployment rate in 2016.

— 3,475: people aged 15 and over who are not in the labour force.

— 800: number of people employed by Tweed in the town, according to the company.

— 190: residential units added in the town over the last 20 years, according to Smith Falls Mayor Shawn Pankow.

— 190: residential units expected to be added over the coming year, according to Pankow.

— 12 per cent: increase in housing values in the town compared to last year, according to real estate broker Jennifer Aunger-Ritchie, who is with Royal LePage Advantage.

Just Posted

Red Deer woman wins $1 million in lottery

A Red Deer woman spent $5 on a lottery ticket and became… Continue reading

Taboo Naughty but Nice Sex Show in Red Deer this weekend

The event is at Westerner Park Friday to Sunday

Blackfalds closes road because of spring thaw

Broadway Avenue from Aspen Lakes Boulevard to Township Road 40-0 to be closed on Monday

‘Families torn apart:’ Truck driver in fatal Broncos crash gets 8-year sentence

MELFORT, Sask. — A truck driver who caused the deadly Humboldt Broncos… Continue reading

WATCH: Fashion show highlights Cree designers

The fashion show was part of a Samson Cree Nation conference on MMIW

Puddle splashing: A rite of spring

Is there anything more fun than driving through water-filled potholes in the… Continue reading

The endless war against invasive species

Group looks to protect native ecological environments in Alberta

WATCH: Fashion show highlights Cree designers

The fashion show was part of a Samson Cree Nation conference on MMIW

Flyers, Blackhawks, Sabres and Lightning to Europe in ‘19-20

Jakub Voracek was psyched at the mere suggestion the Philadelphia Flyers might… Continue reading

Danish receiver Nielsen looking to defy the odds again, this time at CFL combine

TORONTO — He’s coming to the CFL’s national combine as a definite… Continue reading

Mom with kids on YouTube channel suspected of child abuse

MARICOPA, Ariz. — A woman who operated a popular YouTube channel featuring… Continue reading

Richie Mehta’s ‘Delhi Crime’ series, about 2012 rape case, hits Netflix

A drama series made by Indo-Canadian filmmaker Richie Mehta and based on… Continue reading

Local Sports: Queen’s Avery Lajeunesse not afraid to get physical

A year ago Avery Lajeunesse made a commitment to join the RDC… Continue reading

Most Read