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US (BC): Invictus progress update on licensed producers

Invictus has shared an update on production and expansion plans at its licensed producers: Acreage Pharms Ltd., AB Laboratories Inc.  and Canandia. "A production footprint of 189,000 square feet is underway, with more capacity to come online commensurate with market needs and funding.", the team with the company explains. 
Acreage Pharms  
The company states that "Acreage Pharms is well advanced in the internal layout, equipping and servicing of the 45,000 square foot West Wing of its Phase III facility in Edson, Alberta. Together with the East Wing, the new facility is anticipated to feature 90,000 square feet of total production capacity and is designed to be European Union Good Manufacturing Practices ("EU-GMP") compliant. A strategic imperative for the company is to obtain EU-GMP certification, which is a requirement to sell and distribute medical cannabis to Germany, and across the European Union." In addition, the company points out that "Acreage Pharms’ Phase I and Phase II facilities are now operating at full capacity with continuous harvests and are realizing productivity efficiencies from the automation of their harvesting and packaging lines."

AB Labs  
"AB Labs is nearing completion of its Phase II facility in Ancaster, Ontario. The new facility is anticipated to add 40,000 square feet of production capacity to its current operations, for a total of 55,000 square feet. AB Labs is expected to finalize its evidence package by mid-March to support a Confirmation of Readiness submission to Health Canada.", the team with the company explains. 

With regard to the last facility, the company says, "Canandia features two properties located in Delta (the "Delta Location") and Mission (the "Mission Location"), British Columbia. The Delta Location features 4,000 square feet of production capacity and recently received its business-to-business license for cannabis sales under Health Canada’s Cannabis Act and Cannabis Regulations. The Delta Location is anticipated to complement Invictus’ production and product profile with its small batch craft cannabis supply."

"Canandia’s Mission Location includes 32 acres of buildable land, expandable to up to one million square feet of production capacity under one license. The Mission Location has received approval from the Fraser Valley Regional District and is currently awaiting approval from the Agriculture Land Commission. The Mission Location taps into wholesale energy costs with 38 MG Watt service at the property line, and access to an ample water supply from underground aquifers, making it a strategically attractive and cost competitive addition to Invictus' current cultivation footprint," the company concludes. 

For more information:
#300 15047 Marine Drive,
White Rock, BC.
V4B 1C5

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