Solargram, a holder of a Federal Health Canada License to cultivate, test, harvest and sell cannabis, has initiated its first large scale cannabis farm harvest. This harvest will rank as one of Canada's largest single outdoor legal cannabis crops in Canadian history.
Under this Health Canada License, Solargram is authorized at its site location to conduct the activities listed below:
- From its indoor-area special purpose, state-of-the art Greenhouse facility: cultivation, propagating, testing, harvesting, and selling cannabis.
- From its custom designed, massive outdoor farm grow area: cultivation, propagation, and harvesting cannabis.
Large scale outdoor harvest has started
The harvest began on September 17th. Over the last fourteen weeks, the team planted, grew and manicured approximately 13,000 cannabis plants over 25 acres into robust cannabis plants. Over the next three weeks, the Solargram harvest team will finish what it started, bringing the grow season to conclusion, allowing the company to prepare milled product that will be sent to the planned third party extraction partner destined for the planned sale of cannabis products for retail distribution expected in late 2020.
The Vice President of Captiva Verde and Solargram Farms Len Wood states: "We have achieved another significant corporate milestone. To have achieved this level of quality outdoor cannabis crop in 2020, given Covid-19 pandemic conditions, is truly a testament to our team's commitment to quality and to our business vision and mission. Over the last three months, through ideal summer conditions, our team has successfully achieved growing and producing a high-quality bumper cannabis crop that has exceeded all expectations."
Captiva Verde is a financially debt-free company that has obtained, built and developed extensive infrastructure assets, together with an experienced operational team. Solargram runs and operates its large scale cannabis outdoor grow farm at a planned budgeted sub $0.25 production grow cost per gram.
"We wish to thank all of our loyal stakeholders that have continued to support our vision while understanding our mission to create a unique Canadian Licensed Producer cannabis market leader that will show and demonstrate the business model required to produce sustainable positive annual cash flow profits, while providing enhanced returns for our shareholders."
Solargram has a five-year planned outdoor grow production capacity in excess of 130 farm acres at the Renauds Mills New Brunswick outdoor grow site, representing over 65,000 kg of dried cannabis targeted for end-products containing full spectrum and distillate cannabis oil (THC, THCV, CBD, CBG, CBD-THC) concentrates for domestic and export markets.
100% of the Solargram ownership shares are held in an escrow account to be transferred to Captiva Verde in exchange for 35 Million Captiva Verde shares subject to a tightly controlled pooling agreement, and further subject to Health Canada approving an in-process security application by all of the Captiva Verde Officers and Directors to pass a security clearance and CSE approval.
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