Stillcanna’s Polish Operations in Last Phases of Crop Rotation
Firm’s Agricultural Crew Predicts as much as 525,000 Kilos of Flower
Vancouver, British Columbia – (PR Newswire) – Tuesday July 16, 2019) – Stillcanna Inc. (CSE:STIL, OTC:SCNNF, FRANKFURT:A2PEWA)(“STIL” or the “Firm”) is happy to announce that its Polish agricultural crew is within the closing phases of crop rotation
In managing 1500 hectares of hemp, the planting, upkeep and harvesting are fastidiously deliberate to maximise the Firm’s agricultural tools. The Firm crops and harvests in phases, with planting occurring over a 60-day interval and harvesting occurring over a 60-day interval. The Olimax crew in Poland is actively engaged on the final of its planting cycle whereas making ready for the start of its harvest cycle within the subsequent few weeks.
The Firm’s proprietary hemp varietal has a 50-day development cycle to reap, this quick rising varietal permits for simple crop rotation and administration, with the potential for two crops per 12 months.
As beforehand acknowledged on June 14, 2019 the Firm is anticipating 350 kilos of dried flower per hectare from its 1500 hectares, for a complete yield of 525,000 kilos of flower. Ought to the flower comprise maintain 5% CBD by quantity then the Firm has the potential to yield over 36,000 kilos of CBD. The Firm anticipates bulk pricing of CBD isolate in massive volumes will common C$5,000 per kilo.
The Firm’s Nexus extraction facility in Poland is on time and on price range, the Firm expects the ability to be in manufacturing This autumn to start fulfilling its gross sales commitments.
“Our crew continues to be targeted on the duties at hand,” acknowledged Jason Dussault CEO of Stillcanna. “The end result of our groups efforts ought to be obvious within the 4thquarter and we obtain our harvesting, extraction and gross sales milestones.”
About Stillcanna Inc.
Stillcanna Inc. (CSE: STIL) www.stillcanna.com is a Canadian early-stage life sciences firm targeted on massive scale CBD extraction in Europe. The corporate feels its proprietary mental property permits it to extract CBD at a decrease price. The corporate has signed an preliminary extraction contract in Europe to be the unique extractor for Dragonfly BioSciences LLC, a United Kingdom-based provider of CBD. Upon the completion of its Polish extraction amenities, Stillcanna will probably be one of many largest processors and suppliers of market prepared CBD in Europe.
On Behalf of the Boar
Chief Monetary Officer