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LGC Capital Ltd, is pleased to update shareholders on progress at Tricho-Med's Phase 1 in Brownsburg, Quebec
LGC Capital Ltd, is pleased to update shareholders on progress at Tricho-Med's Phase 1 in ...
About this update from Elixxer Ltd.
[{"type":"text","content":"\n\n\n\nLGC Capital Ltd, is pleased to update shareholders on progress at Tricho-Med's Phase 1 in Brownsburg, Quebec\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\nMONTREAL, July 3, 2018\n\n\n\nSymbol: TSX-V: LG\n\n\n\nMONTREAL, July 3, 2018 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) (\"LGC\") The Company is pleased to report Tricho-Med's progress at site for phase 1 of building their 34,000 square feet, multi-level, GMP growing facility.  \n\n\n \n \n\n \nTricho-Med is advancing their phase 1 facility as their turn-key operators move forward in pouring concrete foundations.  All additional construction parties are ready to move to site to complete the turn-key build of the GMP facility by Fall 2018.    At completion, the facility will include air-tight, controlled atmosphere flowering chambers and processing facilities for extraction compliant with GMP standards.  Tricho-Med Also plans to increase scale of operations.  With 40 acres of land secured in Brownsburg, and near-term confirmation of power from Hydro Quebec, LGC and Tricho-Med management teams are secure that their plan to build this facility will have a positive impact for both companies.  \n\nJohn McMullen, CEO of LGC stated, \"With Canada to finalize legalization it will finally provide all Canadian Medical Cannabis companies a legal platform to create broad lines of products for the global cannabis consumer to improve their quality of life.  By combining our efforts, LGC and Tricho-Med will deliver safe and secure products to both domestic and international markets.  We are very pleased with the rapid advancements Tricho-Med has achieved to date and look forward to a successful completion of the build followed by expansion.\" \n\nLGC invested into Tricho-Med through a four-year secured convertible loan agreement with  in the amount of CAD $4 million, which is being disbursed in accordance with pre-agreed milestones and related disbursement schedules.  Interest on the Loan is fixed at an annual rate of 10% which will be...