GTEC Holdings has announced that Alberta Craft Cannabis (ACC) has completed its first harvest of 2019 and is now operating at a fully utilized production capacity and anticipates to be harvesting every 10 days. "We expect that ACC will exceed its anticipated annual output of 1,300 KG due to harvests producing higher yields than originally projected. We are also experiencing a significant demand for its premium tiered flower produced at ACC, which is now being sold to multiple Licensed Producers on a B2B basis.", the team with the company explains.
The company also provided the following updates on its other cultivation subsidiaries:
The company says, "Tumbleweed Farms (“Tumbleweed”) is our 10,000 sq.ft. purpose-built facility in Chase, BC which has recently completed construction. The company is actively pursuing its Cultivation License for this facility. Tumbleweed is projected to produce 1,000 KG of cannabis annually."
"Grey Bruce Farms (“Grey Bruce”) is a 15,000 sq. ft. cannabis cultivation facility in Kincardine, Ontario. The company has completed a major retrofit of an existing industrial building and anticipates fully completing the facility this month. Grey Bruce is projected to produce 1,640 KG of cannabis annually."
GreenTec Bio-Pharmaceuticals is GTEC’s flagship and purpose-built facility located in Kelowna, BC. "GreenTec is currently in Phase 1 of development, building 20,000 sq. ft. of its planned 80,000 sq. ft. cannabis cultivation facility. Construction of this facility commenced in 2018 and is expected to be completed in mid-2019. GreenTec is projected to produce 2,150 KG of cannabis annually.", the company continues.
3PL Joint Venture (“3PL”) is a GTEC agreement with F-20 Developments Corp. to develop an indoor cultivation facility in Vernon, BC. "The 3PL (three per light) facility is currently being retrofitted to facilitate the cultivation of ultra-premium cannabis. Phase 1 of this partnership is currently underway, with completion anticipated in Q3 2019. 3PL is projected to produce 8,000 KG of cannabis annually.", the company concludes.
For more information:
GTEC Holdings
1-800-351-6358
[email protected]
gtec.co