- Cultivation facility in Oroville, WA will be occupied by a Tier-3, I-502 tenant within the next weeks
- The tenant is in the final process of obtaining approval of plans and issuance of permits from Okanogan County and Washington State Liquor Cannabis Board (WSLCB)
Vancouver, BC / September 27, 2018 – BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE: BOG), providing cannabis infrastructure and seed-to-sale services to I-502 tenant-growers, is pleased to announce that its cultivation facility in Oroville, WA will be occupied by a Tier-3, I-502 tenant within the next weeks. The tenant is in the final process of obtaining approval of plans and issuance of permits from Okanogan County and Washington State Liquor Cannabis Board (WSLCB).
Our Cultivation Facility
Our initial facility is situated on prime farmland in Oroville, WA with easy access to transportation, industrial infrastructure, power, water, gas, and courier services in the northern region of the Okanagan Valley.
The cultivation facility consists of 6 greenhouses providing a total of 30,000 sq. ft. of cultivation area. Three of the greenhouses are complete. Final construction of all 6 greenhouses is expected to be completed in February, 2019.
The Oroville facility is projected to produce in excess of 12,000 lbs. of high quality cannabis per annum upon completion of all the greenhouses.
CEO, Andy Jagpal Comments:
“Our Oroville facilities are now ready for our first tenant to take occupancy. We are also in the final stages of signing other I-502 tenants for this facility. In addition, we are in the process of acquiring new cultivation facilities in other cannabis-approved jurisdictions.”
About Bougainville Ventures, Inc.
Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services including processing, cannabis expertise and marketing and sales resources. Greenhouse canopies provide a 50% saving in cultivation cost. Bougainville has 30,000 sq ft in near production in Oroville, WA.
For more information please visit: http://bougainvilleinc.com/
On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.
_____________________
Andy Jagpal, CEO and Director
For further information, please contact Andy Jagpal at [email protected] or 1-844-734-8420 ____________
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Oroville, WA cultivation facility: statements pertaining to the ability of Bougainville Ventures Inc. (“BOG”); the anticipated economic potential of the property; the availability of capital and finance for BOG to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by BOG in light of its experience and perception of current and expected future developments, as well as other factors that BOG believes are appropriate in the circumstances. Many factors could cause BOG’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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