TORONTO, June 17, 2019 /CNW/ - 48North Cannabis Corp.
("48North" or the "Company") (TSXV:NRTH) is inviting Canadians to
"See the Good" as it launches a first-of-its kind video series
dedicated to the cultivation of outdoor, sun-grown cannabis.
48North's Good Farm, which is located in Brant County and
received one of the first outdoor cannabis licences in Canada, is poised to produce 40,000 kilograms
of dried cannabis this year from 100 acres (3.7 million square feet
of cultivation space) of organic farm space, making it one of the
largest licensed cannabis operations in the world.
With planting already underway, Good Farm will rely on both
established agricultural practices and innovative cannabis
production techniques to ensure this groundbreaking commitment is a
success.
To bring Canadians along on this journey, 48North is hosting a
bi-weekly web series on Good Farm. The series, entitled, "See the
Good" focuses on the challenges, opportunities and lessons learned
on the road from seed-to-sale. Specifically, viewers will be walked
through never-been-seen footage that provides insights on:
- Outdoor cannabis cultivation and preservation practices;
- The sophisticated security system needed to preserve and
protect such an expansive, open facility;
- The diverse local workforce and community imprint of Good Farm
in Brant County; and,
- The way that organic, sun-grown cannabis will contribute to
improved experiences with next generation cannabis products.
"Cannabis is a plant that was meant to be grown outdoors," said
Jeannette VanderMarel, co-CEO of
48North. "As we literally bring cannabis production into the open,
we see an incredible opportunity, and responsibility, to open up
the conversation around cultivation and shine a light on the
practices we're using to get to market."
"Good Farm represents one of the first licensed outdoor cannabis
operations in the country, but we know that it won't be the last,"
added Alison Gordon, co-CEO of
48North. "That's why we want to invite our consumers, investors and
neighbours alongside us for this historic journey – to understand
the ups and downs of this groundbreaking production practice. The
future is outdoor grow."
48North has also recently signed supply agreements for cannabis
from its Good Farm and other licensed production facilities,
including:
- An historic outdoor cannabis agreement with the société
québécoise du cannabis for 1,200 kg of dried cannabis;
- A supply agreement with the AGLC for 2,460 kilograms of dried
cannabis; and
- A supply agreement with the Ontario Cannabis Store for 1,200
kilograms of dried cannabis.
Good Farm has a number of strategic advantages, including:
ultra-low-cost cannabis, environment-friendly and energy-efficient
production, in addition the farm provides a source of relief to the
national shortage of recreational cannabis.
The first episode can be found here.
About 48North
48North Cannabis Corp. (TSXV: NRTH) is a vertically
integrated cannabis company focused on the health and wellness
market through cultivation and extraction, as well as the creation
of innovative, authentic brands for next-generation cannabis
products. 48North is developing formulations and manufacturing
capabilities for its own proprietary products, as well as
positioning itself to contract manufacture similar products for
third parties. 48North operates a 100-acre organic cannabis
farm, expected to produce over 40,000 kg of organic, sun-grown
cannabis securing a significant first-mover advantage in the
production of low-cost, next-generation, extract-based cannabis
products. In addition, 48North operates two indoor-licensed
cannabis production sites in Ontario with more than
86,000 square feet of production capacity. 48North cultivates
unique genetics at its wholly owned subsidiaries, DelShen
Therapeutics Corp. ("DelShen") and 2599760 Ontario Corp. dba Good
& Green ("Good & Green"), both Licensed Producers under the
Cannabis Act. 48North has a growing portfolio of brands that
include Latitude, a women's cannabis platform
(explorelatitude.com), Mother & Clone, a rapid-acting
sublingual cannabis nanospray (momandclone.com) and Avitas, a
single strain vaporizer cartridge (avitasgrown.com).
DISCLAIMER & READER ADVISORY
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press release constitute forward-looking information. These
statements relate to future events or future performance. The use
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"projected," "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the parties'
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially.
Forward-looking statements in this news release include statements
relating to the business plan and future operations of the Company.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the forward-looking statements,
including the possibility that the business plan described herein
will not be completed, that 48North may not derive the expected
benefits from such business plans, or that applicable regulatory
approvals will be obtained to carry out the activities contemplated
herein. The business of the Company is subject to a number of
material risks and uncertainties. Please refer to the Company's
SEDAR filings for further details. Various assumptions or factors
are typically applied in drawing conclusions or making the
forecasts or projections set out in forward-looking information.
Those assumptions and factors are based on information currently
available to the parties. The material factors and assumptions
include the Company being able to obtain the necessary corporate,
regulatory and other third-party approvals, and licensing and other
risks associated with the Cannabis Act. The forward-looking
information contained in this release is made as of the date hereof
and the parties are not obligated to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
SOURCE 48North Cannabis Corp.