More changes at Cobourg’s Cannabis Facility

The entrepreneur who started the idea of using the old Kraft factory as a cannabis grow factory has now left the company.  Thomas Fairfull has been replaced as President of FV Pharma and is leaving the company.  Last October, he sold his shares in the parent company FSD Pharma for $8.5M (see links below for source) so he may be happy with the arrangement.  He sold his FSD Pharma shares at $0.64 which is more than they are currently priced at ($0.20).  The new President is Sara May, Ph.D. who was previously responsible for quality assurance at FV Pharma.  The announcement follows the termination of the joint venture between Auxly Cannabis Group and FSD Pharma which Fairfull had helped setup. … Read complete articleMore changes at Cobourg’s Cannabis Facility

Development News

Plans continue for expansion of housing in Cobourg with two projects getting attention at Monday’s Council meeting.  The biggest expansion in the long term will be in the North East with thousands of homes planned starting with 1700 at the north end of Brook Road (see link below).   This is expected to one day require a new interchange on the 401 near Nagle Road.  Preliminary work includes an Environmental assessment which will start soon (maybe Spring – stay tuned) and include a public meeting.  A smaller more immediate development will be at the south end of Brook Road at 425 King East where 27 Townhouses will be built.  This is still in preliminary stages but at some point, a public… Read complete articleDevelopment News

Busy Opening Day for Market and Smør

According to Lucas Cleveland, Market and Smør is giving the Cobourg community what they asked for – a greengrocer focused on local, fresh food.  When they came to Cobourg and before they could open a store to do that, Lucas and Montana took over the beach canteen with the idea of providing healthier snacks.  Per their business principle of listening to their customers, they found that French Fries etc were wanted; so these were included in their offerings. For their new store, a survey told them that customers want “local” more than they want organic so “local” is the focus – although 20% of their product is certified organic. Lucas said that many local farmers grow organically but can’t afford… Read complete articleBusy Opening Day for Market and Smør

Affordable Rental Housing Developer asks for Council Support

At the recent Municipal election, there was a lot of talk about the need for affordable housing in Cobourg.  Council seems supportive but now Balder Corporation is asking for tangible support from the Town so they can get financing of almost $9M from CMHC.  They want to build a four storey 60 unit apartment block at 315-325 University Avenue West but to get financing, they have to obtain “concessions from any level of Government”.  Since the province is unlikely to be supportive, they are asking Cobourg.  It does not have to be a large amount – in fact they do not specify an amount but leave it to council to decide.  The subject will come up at the next Committee… Read complete articleAffordable Rental Housing Developer asks for Council Support

Report on Downtown Vitalization to Date

The idea of Downtown Vitalization for Cobourg first started in 2011 with the first plan produced July 2013. It was intended to make Cobourg’s Downtown more vibrant and attractive with fewer closed stores.  The idea was that an upgrade of its appearance would increase the attractiveness of Downtown to both businesses and residents.  Over time, responsibility for the project moved from the Economic Development Advisory Committee to the Cobourg Downtown Coalition Advisory Committee (DCAC) and at the next Committee of the Whole Meeting on February 19, the DCAC will issue their “Final Report”.  Although the report is labelled “Final”, they recommend that the committee be “re-constituted by the Town for at least another four years”.  The report is a comprehensive… Read complete articleReport on Downtown Vitalization to Date

Cannnabis Facility update

The Cannabis facility occupying the old Kraft plant is owned and operated by FV Pharma Inc. a wholly owned subsidiary of FSD Pharma Inc.   In March 2018, FV Pharma signed a joint venture with Auxly (originally Cannabis Wheaton) to provide finance to FV Pharma in return for streaming rights to 49.9% of the product that was grown in the facility – but this agreement has now been terminated.  It is not known what the financial penalty might be to FV Pharma.  Work on the expansion of the facility was supposed to be completed by December 2018 but has still not been completed.  Information is limited but it seems that FSD Pharma is in turmoil.  CEO Rupert Haynes has been “terminated”… Read complete articleCannnabis Facility update

More Info on Cannabis Retail Sales in Cobourg

Town Staff have made a big effort to provide a significant amount of information to help citizens and Council decide on the upcoming possible licensing of retail stores in Cobourg.  As well as an online survey, and written submissions, there will be three meetings where citizens can give Council their views: a public meeting on the subject on December 17, the first meeting  of the Committee of the Whole for the new council on January 7 and the first regular Council meeting on January 14.  The public has been informed of this with social media, a special web page, a mass mailing, posters and newspaper advertising.  Although there will be an indication of what citizens and councillors think at the… Read complete articleMore Info on Cannabis Retail Sales in Cobourg

Book Launch at Victoria Hall

Newly elected Deputy Mayor Suzanne Séguin operates a publishing business with her husband Gerry Brown and Gerry has now written a book focusing on stories about the Cobourg boys who went to fight in World War I. These are stories of individuals told from the perspective of Arthur Gerson, a fictitious observer living at the time who was not eligible to fight himself. Inspired by the recently finished Armistice 18 project, Gerry has collected some human interest stories of these men. The book is called Memories from a Grey Wooden Box, Cobourg Stories from the Great War and it was launched today in the Lobby of Victoria Hall in front of the plaque dedicated to WWI soldiers from Cobourg who made the… Read complete articleBook Launch at Victoria Hall