Officers from the Northern Vehicle Crime Team attended a commercial premises on Seymour Road at around 9pm on Sunday 13th September, following reports of a burglary.
Warwickshire police said whilst at the premises, a large number of cannabis plants and electrical equipment was located and seized from the address.
A 41-year-old man and a 42-year-old man, both from Coventry, were both arrested on suspicion of the cultivation of cannabis.
They have both been released on bail whilst enquiries continue.