CAN (BC): Delta-based greenhouse receives agricultural loan

The AgraFlora Organics' flagship cultivation asset located in Delta British Columbia, Propagation Services Canada, has received an Agriculture Loan to bring its cannabis cultivation to market and continue Phase 1 of the Company’s cultivation strategy.

As part of the Loan, the Delta Facility will receive $5,000,000 which will provide full funding to the licensed cultivation areas and will allow the PSC team to bring their first crop of low cost high potency cannabis to market on a wholesale basis in Q1 2021.

"The curated portfolio of elite genetics at the Delta facility has been tailored to work with PSC’s Delta based infrastructure and utilizing 422828 sq. ft. of cultivation space with state-of-the-art semi-pressurized semi-open Venlo greenhouses," AgraFlora team explains.

The AgraFlora Board of Directors commented that “Having a fully funded Phase 1 cultivation strategy allows us to deliver high potency cannabis strains in 2021. As partners at PSC we have full confidence in the Houwelings family ability to achieve this strategy given their long history of high-quality agricultural production in low-cost environments as well as the healthy condition of our award winning genetics.”

With demand for high potency product trending upward especially within the value pricing segment PSC is uniquely positioned to produce a compelling value proposition for wholesale customers: high potency cannabis with desirable strains at a competitive price.

For more information:
AgraFlora Organics

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