VIVO Cannabis Inc
(OTCMKTS:VVCIF) announced a week ago that it received a standard
cultivation license from Health Canada, allowing it to increase its capacity
through its Kimmetts greenhouses.
The standard cultivation license will allow the company to operate
the Kimmetts seasonal greenhouse which is located in Napanee, Ontario. The
Kimmetts greenhouse happens to be VIVO Cannabis’ third production facility to
receive a license. It also highlights the company’s fast-paced expansion
efforts in the state, particularly at the Napanee facility where it has been
adding more grow rooms.
The certificate that VIVO Cannabis received for its Kimmetts
facility represents a key step for the company in its efforts to offer its medical
marijuana portfolio to new markets such as Europe. The facility sits on 86,000
square feet and already has four kimmetts airhouses. VIVO Cannabis expects the
facility to add about 4,000 kilograms its production capacity, thus boosting
its entire production capacity to more than 12,000 kilograms.
“This approval represents another significant milestone achievement for VIVO and a major step toward helping us reach our business goals,” stated VIVO Cannabis CEO Barry Fishman.
operations have prioritized quality and cost-effective production
The CEO also pointed out that he was proud of the Napanee
team for focusing on quality and innovative production. He also thanked Health
Canada for facilitating an adequate supply of cannabis in the Canadian market.
VIVO Cannabis has been awarded the license at an ideal time
considering that it just launched its high-tech Vanluven facility located in
Napanee. The facility adds to the company’s extraction capacity and will help
the firm to expand its product lines while also expanding its intellectual
property. The company expects the Kimmetts facility to deliver high-quality
cannabis flowers while also facilitating cost reduction.
VIVO Cannabis is currently the only licensed Canadian cannabis
firm that uses airhouse technology. The technology has been gaining traction in
the U.S and is already being used in numerous states to facilitate the
production of high-quality cannabis. VIVO Cannabis will likely commence
planting at the Kimmetts facility as early as possible. Planting early will
allow the first harvest before winter.
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Published at Wed, 14 Aug 2019 12:01:55 +0000