THC Worldwide Group Ltd acquires web-site in Canada for cannabis production

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() has completed the acquisition of a Canadian firm in the method of becoming a licenced cultivator at a web-site in Nova Scotia, Canada.

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THC Worldwide intends to stage the improvement of the project with the 1st stage focussed on delivering profitability in the close to term, with an anticipated 37,000 kilograms annual dried cannabis flower production volume.

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Further improvement will see each an raise in cultivation capacity as nicely as on-web-site processing capability to produce worth-added cannabis solutions for the Canadian market place.

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Study: THC Global’s concentrate on vertical integration is starting to show dividends: The Green Fund

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The existing cost of cannabis in Canada is C$7.12 per gram therefore the company’s 37,000-kilogram annual production volume will be worth an anticipated C$273 million (about $287 million).

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The proposed initial stage facility is…

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