Business
CanadaBis Capital Harvests First Crop.
CALGARY, AB / ACCESSWIRE / May 13, 2019 / CanadaBis Capital Inc. ("CanadaBis" or the "Compan...
About this update from Canadabis Capital, Inc.
[{"type":"text","content":"CanadaBis Capital Harvests First Crop.CALGARY, AB / ACCESSWIRE / May 13, 2019 / CanadaBis Capital Inc. (\"CanadaBis\" or the \"Company\") is proud to announce that its solely owned subsidiary Stigma Grow (\"Stigma\") has completed harvest number one under the Health Canada Cultivation License. Stigma's first crop produced an ultra-premium, quality crop with great terpene profiles. This crop will be used as test crop \"one\" of the two required for their sales application process. Stigma is midway through cultivation of the second crop using another of its proven genetics and anticipates harvest to be completed by early July, 2019. The remaining quantity of cannabis that was not used for testing will be packaged in accordance with the requirements and tagged for sale once the license restrictions have been lifted.\"We were extremely pleased to generate such high yields and quality production in our new facility. Many factors went into such a successful harvest and we could not be prouder of the outstanding work our staff and cultivators have put into the development and progression of our product,\" stated Travis McIntyre, President and CEO of CanadaBis. \"We feel that this allowed the business to exceed the target for the first production run and is a major step for CanadaBis's future success.\"Stigma has the benefit of over three years of independent genetic research on 42 proprietary strains making the Company perfectly positioned to supply Albertans with a portfolio of uniquely developed craft cannabis products that offer potency, consistency and high-quality experience.About CanadaBisCanadaBis Capital Inc. is an Alberta-based cannabis company that, through its wholly owned subsidiary Stigma, produces high-quality products for the Alberta marketplace. The Company exhibits the highest standards in quality control, optimal yields and wide-ranging cannabinoid profiles. The newly constructed (Phase one) 22,000 square foot growth facility in Red Deer County is licensed by Health Canada to cultivate and process cannabis, with further expansion to 66,000 planned in 2019/2020. CanadaBis anticipates being in position to expand business, increase cultivation facilities, add retail locations, further develop into extractions and processing in preparation of the upcoming legalization of edibles, and continue to be a vertically integrated...