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Flowr wins second site cultivation license for Flowr Forest project

The British Columbia-based cannabis company expects to produce about 10,000 kilograms per annum from Flowr Forest

The company expects its first new product launch from Flowr Forest to be a live resin vape offering

The Flowr Corporation (CVE: FLWR) OTCMKTS:FLWPF) announced Monday that it has received a second site cultivation license from Health Canada for its Flowr Forest project. 

The British Columbia-based cannabis company has begun transplanting select cultivars and is on track for a first harvest in the fourth quarter of 2019, and expects to produce about 10,000 kilograms per annum from Flowr Forest once fully optimized and operational, according to a statement.

Flowr Forest, which is located on the company’s Kelowna campus, has 42 greenhouses totaling 189,000 square feet situated within a total licensed outdoor grow area of more than 530,000 square feet. 

The outdoor cultivation area planted is expected to be 150,000 square feet and can be expanded to include an incremental 160,000 square feet. 

READ:Flowr develops proprietary protocol to ensure cannabis clones are free of pests and pathogens

The company in total has over 750,000 square feet dedicated to Flowr Forest’s current and future operations and has a right of first refusal on an additional 850,000 square feet located immediately to the north and contiguous with the currently licensed area.

“Getting a second site license required a tremendous effort from our whole team as well as working collaboratively with Health Canada to get to this stage in a timely manner,” said CEO Vinay Tolia.

“By having our outdoor and greenhouse areas on the same campus as our indoor facilities, our cultivation team works from a single location and this is a key to driving efficiency and optimization in our Canadian operations.”

Once fully optimized and operational, the 10,000 kilograms per annum doubles the expected capacity of grow areas currently operating and/or under development at Flowr’s Kelowna campus. The Company’s Kelowna 1 indoor facility is expected to produce 10,000 kilograms per annum once construction is complete and the operation is fully optimized. 

Construction of the K1 Facility is on track for completion by the end of the third quarter of 2019.  

In addition, the company said cannabis cultivated within Flowr Forest is expected to support Flowr’s forthcoming extract busines. Its first new product launch from Flowr Forest is expected to be a live resin vape offering. 

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

Quick facts: The Flowr Corporation

Price: 0.44 CAD

Market: TSX-V
Market Cap: $61.11 m

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