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Harvesting of 20,000 cannabis plants is underway at LGC Capital's Swiss partner, Viridi Unit's Geneva growing facility
Harvesting of 20,000 cannabis plants is underway at LGC Capital's Swiss partner, Viridi Un...
About this update from Elixxer Ltd.
[{"type":"text","content":"\n\n\n\nHarvesting of 20,000 cannabis plants is underway at LGC Capital's Swiss partner, Viridi Unit's Geneva growing facility\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Oct. 12, 2018\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES/\n MONTREAL, Oct. 12, 2018 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) (OTC-PINK: LGGCF) (\"LGC\") is pleased to announce that Viridi Unit SA (\"Viridi\") of Switzerland has commenced harvesting of 20,000 plants growing at their Geneva cannabis cultivation facility, consisting of 108,000 square feet of canopy.  \nThese plants are expected to yield approximately 3,000 kg of dried cannabis flowers from this current crop for sale within Europe and for use in Viridi's broad range of product offerings in Switzerland and the European Union market. \nViridi Unit's high-CBD dry cannabis products are sold under the ØNΞ™ Premium Cannabis brand in over 80 retail locations across Switzerland and the EU and in their cosmetics line under the Viridi Care brand.\n\n\n\nLGC announced a transaction on July 30th, 2018, by which LGC is to acquire a 30% interest in Viridi and a 5% royalty on Viridi's net sales.  Refer to LGC's press release dated July 30th, 2018 for full details on the transaction. This transaction is subject to TSXV approval.\nAbout Virdi Unit SA (www.viridi-unit.com)\nVIRIDI is a vertically integrated legal cannabis supplier to the Swiss and European markets, growing its own seeds and flowers, producing and developing a wide range of cosmetics, cigarettes and natural wellness Swiss authorized products amongst many of its diversified products and activities.\nAbout LGC (www.lgc-capital.com)\nLGC Capital is a leading investment firm with a focus on the Legal Global Cannabis market.  Through its portfolio investment companies, LGC is building a world-leading, vertically integrated system of interconnected legal cannabis companies with cultivation, processing and distribution in Australia, Jamaica, Switzerland, Italy, and Canada servi...