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Emerald Health Ramps Up World Class Cultivation Facility in B.C.

Ryan Allway

March 7th, 2018

Exclusive, News, Top Story

The Canadian cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, driven by the legalization of adult-use cannabis on a national level. While most licensed producers are independently scaling their production capacity and maneuvering through the learning curve of growing cannabis in large scale, others have partnered with existing agricultural giants to quickly scale up operations in a way that avoids many of the growing pains that they would otherwise face.

Emerald Health Therapeutics Inc.’s (TSX-V: EMH) (OTCQX: EMHTF) partnership with Village Farms International (TSX: VFF) (OTCQX: VFFIF) is a great example of the latter. With over 30 years of agricultural experience, and existing facilities well-suited to convert into cannabis cultivation facilities, the company was a natural choice for a licensed producer to partner with and become one of the largest licensed producers in the country.

Securing a Cultivation License

Emerald Health and Village Farms recently announced that Health Canada issued a cultivation license for the co-owned Delta 3 greenhouse operation under the Access to Cannabis for Medical Purposes Regulations (ACMPR).

“Our joint venture is well positioned to be a leading supplier in the imminent legal adult-use Canadian cannabis market, with potentially significant benefit to each of our companies and shareholders,” said Emerald Health Executive Chairman Avtar Dhillon, MD, in a recent press release announcing the joint venture’s new cultivation license.

The 1.1 million sq. ft. cannabis growing facility is located in Delta, British Columbia and is conservatively projected to produce 75,000 kilograms of high quality cannabis when it moves into full production. By putting cutting-edge technologies and cultivation practices into place, management aims to become one of the lowest cost producers at less than $1.00 per gram, which could make the joint venture one of the most profitable licensed producers.

The conversion of the first 250,000 sq. ft. of the 1.1 million sq. ft. Delta 3 greenhouse is already substantially completed and is expected to come online in April 2018. The remainder of the 1.1 million sq. ft. facility is expected to enter into full production in 2019.

In addition, the joint venture holds options on two additional greenhouses owned by Village Farms that could expand production capacity to 4.8 million sq. ft. – making it potentially one of the biggest licensed producers in the world.

Innovative Technologies in Place

Emerald Health’s joint venture is converting the Delta 3 greenhouse operation to cannabis production with meticulous attention to detail. Growing agricultural crops on a large scale at competitive prices is extremely challenging for any producer, but Village Farms has tremendous experience growing a wide range of agricultural produce over several decades. The joint venture aims to set a new standard in the Canadian cannabis industry.

“With Emerald’s in-depth cannabis expertise, Village Farms’ know-how based on innumerable crop cycles over 30 years of large-scale greenhouse growing, and working with global agricultural leads and high-tech facilities and systems experts, we configured this greenhouse for continuous weekly harvesting year-round, maximizing operating efficiencies, and flexibility to adapt to an evolving market,” said Dr. Dhillon.

The Delta 3 greenhouse features:

  • Automated growing systems to optimize efficiency;
  • Industry-leading HVAC systems supported by advanced data technologies;
  • High tech light deprivation and supplementation systems;
  • State-of-the-art drying, trimming, and packaging areas;
  • Proprietary labour tracking systems;
  • Secure low-cost electricity from BC’s hydroelectric power plants

Looking Ahead

Emerald Health Therapeutics Inc. (TSX-V: EMH) (OTCQX: EMHTF) is strongly positioned in Canada’s rapidly growing cannabis industry. Through its Village Farms partnership, the company has gained access to some of the smartest minds in agriculture and is rapidly scaling up its operations to 250,000 sq. ft. and then to 1.1 million sq. ft. by next year. Combined with its other wholly owned Lower Mainland facility, its extensive life sciences expertise, and its focus on product innovation, investors may want to take a look at the stock as it gears up through 2018.

For more information, visit the company’s website or investor presentation.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please see our disclaimer below and follow the link to view our full disclosure outlining compensation: https://cannabisfn.com/legal-disclaimer/

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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