SpeakEasy Announces Plans for Massive Outdoor Production
August 1st, 2018
SpeakEasy Cannabis Club Ltd. (CSE : EASY) (Frankfurt : 39H), a late stage ACMPR applicant, today announces its plans to begin work on its ﬁrst 60 acre outdoor plantation and process facility in Rock Creek BC for the spring of 2019. If we successfully complete 2,600,000 square feet of planned outdoor production area in its phase one plantation, SpeakEasy would be among the largest producers in Canada. Speakeasy is also planning an additional 60 acres in its phase 2 expansion slated for the spring of 2020 that could double its production capabilities. Marc Geen, CEO states, “The recent release of regulations allowing outdoor production is a dream come true for us. It has always been our plan to grow outdoors on a large scale, but we did not expect regulations to allow it to happen this soon. The climate here in Rock Creek is absolutely perfect for growing cannabis outdoors and we are thrilled at the opportunity to begin as soon as possible.” Development cost are forecast to be under $10.00 per square foot for the outdoor plantation and processing facility, by comparison, greenhouse and indoor facilities cost approximately 20 to 30 times more per square foot.
We anticipate SpeakEasy’s projected outdoor production costs to be roughly 1/4 the cost of the current industry average of $1.00 – $1.75 per gram for greenhouse product and $2.00 per gram or more for indoor. Part of our low cost structure stems from the fact that we will not have the same infrastructure or power requirements for production when compared to indoor. SpeakEasy will be able to utilize the bulk of the outdoor product for extraction and use in value added products expected to be allowed in the market next year. The remainder can be allocated to our strategic partners in Canada and Germany to fulﬁll our existing sales and distribution agreements.
SpeakEasy is also pleased to announce its intent to pursue a nursery license under the cannabis act with the intent of partnering with our featured growers and other genetic experts within the industry. SpeakEasy has secured a large catalogue of highly sought-after genetics for use within the company and for development and sale to licensed producers once the cannabis act takes eﬀect in October 2018.
SpeakEasy continues to focus on the highest quality craft grown cannabis for its ﬂower sales by entering into partnerships with its 5 selected growers, each of them amongst BC’s best and most experienced growers. By combining turn-key facilities, total oversight for QA and corporate SOP’s SpeakEasy’s system will allow our featured growers to focus on what they do best, grow the ﬁnest quality ﬂower possible.
SpeakEasy Cannabis Club is a late stage Access to Cannabis for Medical Purposes Regulations (“ACMPR”) applicant that is leveraging three generations of farming experience and the largest land package of LP in Canada to produce the highest quality, small batch premium cannabis products. Set on 290 acres of the best agricultural land in Rock Creek, British Columbia, the 10,000 square foot optimized, indoor facility allows for the growth, production, and cultivation of premium small batch cannabis. SpeakEasy now represents a collective of the top cannabis growers in Canada, who have spent their lives perfecting the production of premium products.
Construction has commenced on an 80,000 square foot expansion facility, which will include growing, extraction and genetics labs. Completion for the expansion is projected for fall/winter 2018.
For more information visit: https://speakeasygrowers.com/
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://www.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.
Follow Us on Social Media
About CFN Media Group
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.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.