BevCanna Enterprises have inked a letter of intent with Clearwater CannGrow to grow certified organic sun-grown cannabis on an aggregate 130 acre plot of land on BevCanna’s property near Osoyoos, B.C. Pursuant to the letter of intent, the parties have agreed to use best efforts to enter into a definitive agreement in respect of the proposed business relationship within 14 days.
"The joint venture combines BevCanna’s extensive beverage marketing and branding expertise and prime Okanagan outdoor cultivation site, with Clearwater Canngrow’s renowned skill in cannabis cultivation operations," the team with the company explains. "Led by seasoned agricultural consultant Joey Bedard-Brunet, Clearwater CannGrow will plan, supervise, and operate the cultivation operation using Good Agricultural Practices."
“We’ve been seeking the right partner to oversee the cannabis cultivation operations on our site,” said John Campbell, Chief Strategic Officer at BevCanna. “Joey is the perfect candidate – he has the experience with MMAR start-up cannabis and hemp operations that we’ve been looking for, and expertise across agricultural industries. We’re excited to get the operation underway.”
"Mr. Bedard-Brunet is a farm start-up expert; as co-owner of a large-scale hemp farm, a cricket farm, an organic ground crop vegetable farm, an outdoor cannabis farm and other agricultural businesses. Leveraging his degrees in both horticulture and farming, Mr. Bedard-Brunet has also built one of the world’s largest hop farms, and designed and executed one of the largest organic industrial hemp farms in western Canada"
BevCanna expects to produce over 100,000kg of biomass through the venture and the finished extract is expected to yield over 10,000kg of pure cannabinoids.
According to them, Future phases of the joint venture will explore the potential of further expanding the outdoor cannabis production beyond the current 130-acre site, through the option of another site nearby in Bridesville, BC, and through the future lease of land from indigenous groups in prime growing areas in the Interior of B.C.