VIVO Cannabis Receives Further Capacity Expansion Approval – New Cannabis Ventures

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VIVO Cannabis&#x2122 announces Overall health Canada approval for Hope expansion, doubling production capacity in British Columbia

NAPANEE, ON, March 22, 2019 /CNW/ – VIVO Cannabis Inc. (TSX-V: VIVO, OTCQX: VVCIF) (“VIVO” or the “Company”) these days announced that the Company’s wholly-owned subsidiary, Canna Farms Ltd. (“Canna Farms”), has received approval from Overall health Canada to start cultivation in the expansion of its Yale Road facility in Hope, BC, resulting in a doubling of the Company’s cultivation capacity in the province.

The expansion consists of production and item improvement space, along with automated packaging gear anticipated to be incorporated into the facility and brought on-line mid 2019. Cultivation in the expanded location is anticipated to commence in May well 2019.

Today’s approval of the Hope, British Columbia expansion is in addition to the Napanee, Ontario capacity improve authorized by Overall health Canada yesterday. With the added cultivation from Hope, VIVO’s present annual production capacity is now additional than eight,000 kilograms with a aim to attain 11,000 kilograms later in 2019.

Barry Fishman, Chief Executive Officer at VIVO

Dan Laflamme, Canna Farms President and Chief Operations Officer for VIVO added, “While we continue to develop production capacity at Canna Farms, we stay committed to becoming capable to provide craft high quality BC bud. By means of smaller-batch expanding procedures, Canna Farms gives a varied choice of award-winning, hand-trimmed cannabis for each healthcare and adult-use solutions. As BC’s very first licensed producer, we are proud of our legacy and reputation for high quality, which remains our very first priority.”

About VIVO Cannabis&#x2122

VIVO, primarily based in Napanee, Ontario, is recognized for trusted, higher-high quality solutions and solutions. It holds production and sales licences from Overall health Canada and operates globe-class indoor cultivation facilities with proprietary plant-expanding technologies. VIVO has a collection of premium brands targeting exclusive client segments, such as Beacon Healthcare&#x2122, FIRESIDE&#x2122, Canna Farms&#x2122 and Lumina&#x2122. In August 2018, VIVO acquired Canna Farms, a premium cannabis business primarily based in Hope, British Columbia. Canna Farms was B.C.’s very first Licensed Producer and has quite a few years of craft cultivation expertise and experience, as nicely as a considerable patient base and constructive money flow. The Enterprise is substantially expanding its production capacity and pursuing partnership and item improvement possibilities domestically, as nicely as in choose international markets, such as Germany and Australia. VIVO also operates Harvest Medicine, a patient-centric and hugely scalable network of specialty healthcare cannabis clinics as nicely as a absolutely free telemedicine app. VIVO has a wholesome balance sheet and is nicely-positioned to accelerate its development in Canada and internationally.

Original press release

 

Published by NCV Newswire

NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate higher high quality content material and details about top cannabis organizations to enable our readers filter out the noise and to keep on top rated of the most critical cannabis business enterprise news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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