Emerald Health Plans for 1,000,000 Square Feet of Cultivation Space by End of 2018 -- CFN Media
December 06 2017 - 9:00AM
CFN Media Group ("CannabisFN"), the leading creative agency and
media network dedicated to legal cannabis, announces publication of
an article covering Emerald Health Therapeutics
Inc.’s (TSX-V: EMH) (OTCQX: EMHTF) ongoing and planned
expansion to over one million square feet of cultivation space,
expected to be operational by the end of 2018.
New Facility Approved
Emerald Health recently announced that the first
75,000 square feet of its Metro Vancouver greenhouse facility has
met the requirements of a preliminary paper-based review of Health
Canada’s Office of Medical Cannabis (OMC), which puts it on track
to move into the cultivation phase next year. The OMC confirmed
satisfactory provision of information regarding the security plan,
record keeping and tracking systems, QA reports, and security
clearances among key personnel.
“As with Health Canada’s fast paper-based review
of our Pure Sunfarms facility, we appreciate their quick
preliminary review of our licensed producer application for Emerald
Health’s fourth site,” said CEO Chris Wagner in a recent press
release. “With significant, secure supply from our large-scale Pure
Sunfarms partnership and Emerald facilities, and our value-added
product development plans, we intend to be well positioned for
growth in the adult use market.”
The new facility will consist of two 75,000 square
foot modules of hybrid indoor-greenhouse space expected to be
completed by summer 2018. By the end of 2018, management
anticipates expanding the facility to a total of over 500,000
square feet of cultivation space with corporate offices and
additional space for extraction of oils and processes to create
other value-added products. Situated on a 32-acre site, this
facility can be expanded to one million square feet.
Pure Sunfarms Partnership
Emerald Health partnered with Village Farms
(TSX-V: VFF) earlier this year to retrofit its existing 25-acre 1.1
million square foot greenhouse being used to grow tomatoes to
cultivate cannabis, with the goal to be a large-scale, low-cost
producer. In September, the partnership, called Pure Sunfarms,
submitted an application to Health Canada to become a cannabis
Licensed Producer. Emerald Health also optioned an additional 3.7
million square feet of existing greenhouse space in the same Delta
complex.
“Partnering with Village Farms, one of North
America’s largest and most efficient greenhouse growers, on this
tremendous opportunity, is a very exciting development for
Emerald,” said Executive Chairman Avtar Dhillon, MD, in a press
release at the time. “Village Farms is a global leader in
greenhouse growing and, importantly, an expert in the complex
matter of safety for agricultural consumables.”
Management anticipates that the first 250,000
square foot conversion of the 1.1 million square foot greenhouse
will be completed in February, with a first harvest ready prior to
adult-use legalization, anticipated in July of 2018. The second
250,000 square foot expansion is targeted for completion in the
third quarter of 2018, which would bring the total cultivation
space up to 500,000 square feet. Since it’s a 50/50 partnership,
Emerald Health would essentially own roughly 250,000 square feet of
production by the end of next year.
Following completion of the whole 1.1 million
square foot retrofit, Pure Sunfarms has an option to similarly
develop an additional 3.7 million square feet of greenhouse
production area. Combined with the 1 million square feet from the
Metro Vancouver campus, this puts Emerald Health at 5.8 million
square feet of potential production area and among the very largest
licensed producers, in terms of production potential, both in
Canada and internationally.
Please follow the link to read the full
article: http://www.cannabisfn.com/emerald-health-plans-1000000-square-feet-cultivation-space-end-2018/
For more information, visit the company’s
website or investor presentation.
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CFN Media
Frank Lane
206-369-7050
flane@cannabisfn.com
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