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CLIENT FEATURE: NORTHBUD $ Multinational #cannabis company laying the foundation to aggressively pursue the greatest recreational markets $CGC $ACB $APH $ $

Posted by AGORACOM-JC at 2:32 PM on Tuesday, February 4th, 2020

Salinas greenhouse facility is currently operating 60,000 sq. ft. licensed canopy and contains ample room for expansion. The facility is also licensed for manufacturing and for distribution.

  • In late December completed first harvest at Salinas, California cultivation facility.
  • Harvested 2,687 plants that were included in the acquisition of the Qlora Group.
  • Anticipates completing testing and sale of the product in late January 2020, which will represent the first revenue generated by the Company in California.
  • Also completed an in-depth review and analysis of both the infrastructure and cultivation practices and will be implementing significant efficiencies over the course of the next four harvests.
  • Anticipates continual harvests of 2,000-3,000 plants every 25 days, with quality and yield improving with each harvest.
  • Product will be sold via wholesale agreements to existing Qlora clients in the interim as company prepares for the launch of NORTHBUD branded flower products in California in the third quarter of 2020. 

Cannabis Production Facility in Reno, Nevada

Assumed control of Nevada operation licensed for cultivation, manufacturing and distribution throughout the state.

  • Announced the completion of the first harvest of approximately 175 indoor grown plants
  • Upon the completion of testing and processing, the product will be distributed as NORTHBUD flower, pre-rolls and infused pre-rolls into selected Nevada dispensaries.
  • The launching of NORTHBUD branded products into Nevada marks a significant milestone for the Company.

Request for Outdoor Cultivation License:

  • In the context of a regular follow-up communication with Health Canada, representatives of the Company received verbal feedback that the application review is complete and the reviewers do not have any more questions
  • Subject to the re-submission of a required foreign police certificate related to one of the foreign directors of the Company, the Company will be in the final queue for receiving its licence.
  • The Company is confident that it will be able to file the certificate promptly; however, there can be no assurance as to the exact timing of the issuance of the licence by Health Canada or whether the Company will receive any final request from Health Canada.

FULL DISCLOSURE: NORTHBUD is an advertising client of AGORA Internet Relations Corp.

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