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CAN (BC): "The use of light deprivation and auto-flower techniques generated early harvests beginning mid-August"

New Leaf Ventures has provided a forecasting insight for New Leaf USA’s brand license operator, New Leaf Enterprises, through the end of Q4 2020.

2020 Cannabis Harvest Outlook
"The use of light deprivation and auto-flower techniques generated early harvests beginning mid-August," the team with the company explains. "While this represents a relatively small portion of the total harvest, it provided critical inventory to fine-tune new processing equipment and techniques recently implemented for the 2020 harvest season."

"Non-light deprived greenhouse and outdoor harvests are on-track for early-October with processed material available mid-October. Mid-October through mid-November is projected as the peak of the 2020 harvest season with all material harvested by the second half of November."

Bulk Supply Chain
"2020 harvest processing will continue through mid-December with the majority anticipated as sold by mid-January," they continue. "Agreements with suppliers ensure access to material through March 2021 in order to extend purchasing capacity beyond January in order to meet increased demand as marketing efforts begin to generate increased bulk sales opportunities."

Current supply projections are assessed at 7,000 lbs of flower and pre-roll material, plus 2,000 lbs of extractable material. Typically, cost prices are negotiated 1-2 weeks in advance of harvest in order to manage quality assurance.

In-House Supply
"Current and projected internally produced biomass is anticipated to supply the remainder of all business activities through August 2021. Continuous internal production and processing throughout this period is anticipated to result in 2,000 lbs of flower and pre-roll material, plus 900 lbs of extractable material," they conclude. 

For more information:
New Leaf Ventures
1300 – 1030 West Georgia Street, Vancouver, British Columbia V6E 2Y3
+1 (604) 330-9220  
investors@newleafventuresinc.com  
newleafventuresinc.com  

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