EnerDynamic Hybrid Technologies has applied for the license from Health Canada for EHT's new Micro-Grow Cannabis facility at their Niagara Falls location.
According to the company, the facility will serve two purposes: (1) to showcase EHT's technology for building Micro-Grow units for customers to come and view the merits and characteristics thereof; and (2) to allow EHT to grow up to 600Kg of medical grade cannabis for sale to customers.
EHT anticipates the licence will take from between 90 to 120 days to receive. Revenues from the facility are anticipated to commence in the first quarter of 2021. According to the Canada Cannabis Spot Index (CCSI), the current average selling price of medical grade cannabis in the last week was $6.28/g ($6,280/kg). Based on EHT's costing models, average production costs are forecast to be approximately $0.50 cents per gram, which is significantly lower than the industry average cost of $1.58 per gram. EHT expects to have lower average costs than the current industry average cost due to EHT's superior ENERTEC Grow Room technology that maintains consistent temperature and humidity, and EHT's ENERTEC Solar Panels and Alpha Outback Energy Off Grid technology.
EHT's CEO, John Gamble, commented, "This has taken a few months longer than anticipated due to the COVID 19 shutdown but we are moving ahead and it is a very important step for our company; we are excited to be able to demonstrate the efficacy of our technology, including EHT's patented systems in the grow unit. EHT's systems, by creating a climate-controlled environment and having a low cost base given the walls and solar of the grow unit, significantly benefit cultivators and micro growers alike. EHT's benefits by adding an additional vertical from which it can derive revenue.
For more information:
EnerDynamic Hybrid Technologies
6040 Progress Street, Niagara Falls, ON, L2G 0C4
(289) 488-1699
ehthybrid.com