Business
Harvest One Announces Capacity Targets and Facility Updates
Harvest One Announces Capacity Targets and Facility Updates Canada NewsWire VANC...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"\n\n\n\nHarvest One Announces Capacity Targets and Facility Updates\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 6, 2018\n\n\n\nTSXV – HVT                                                                                              \n\n\n\nVANCOUVER, Feb. 6, 2018 /CNW/ - Harvest One Cannabis Inc. (TSXV:HVT) (\"Harvest One\" or the \"Company\") through its wholly-owned subsidiary United Greeneries (\"United Greeneries\" or \"UG\") is pleased to announce its expansion targets of 20,000kg dried cannabis flower capacity by YE 2018 and 70,000kg dried flower capacity by YE 2019 which is anticipated to be fully funded by the Company's existing cash position of approximately $80m. \n\nLucky Lake, Saskatchewan facility\n\nThe Lucky Lake facility, located close to Saskatoon, Saskatchewan, is a 62,000 sq ft concrete agricultural facility sitting on over 18 acres of land, purchased by the Company in 2014. With the recent announcement by the Saskatchewan provincial government with respect to cannabis legalization, UG is now advancing Lucky Lake through the final stages of approval with Health Canada and expects initial licensing under the ACMPR to occur in Q3 2018. \n\nUnited Greeneries is deploying a specialized modular building system to construct two levels of internal growing rooms within the facility, creating over 80,000 sq ft of actual growing space with an estimated total capacity of 12,000kg of dried cannabis flowers per annum. The Company has taken immediate steps to prepare the site for a staged modular build out and expects to reach maximum production capability by Y...