Lifestyle Delivery Systems Inc (CSE: LDS), the cannabis technology firm, reported Thursday that subsidiary Agrotech LLC has seen 10,000 seeds planted on its contracted outdoor farms in Sacramento, California.
The two one-acre farms planted the first of four crops for this cultivation season and projections for the farms this season are over 12,000 pounds of biomass.
This first crop planting of 10,000 auto flower seeds will be fully grown in 90 days, the Vancouver based company said in a statement.
"It has been a lot of work getting to this stage and I am excited to see the progress we are making," said Casey Fenwick, president of the company. "This is an exciting time for the company as a whole. This phase opens up a lot of new doors to the products we can sell through our anticipated dispensary and its home delivery service. Not only will it allow us to have more brands to sell, but it will also increase our margins within those brands."
Shares in Canada eased over 2% to $0.42 having earlier advanced over 4%.
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