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Canadian grower completes first harvests

CannaPharmaRx has completed its first five grows and harvests that are ready for sale. Samples of the newer grows have been sent to an independent certified lab for testing, as required. They will verify that the product meets standards for distribution throughout Canada and internationally. "We anticipate that this approval is completed in early April, with distribution to previously announced clients beginning shortly thereafter," the company says.

The company anticipates several grows per year in each of the ten grow rooms, typically taking 8-10 weeks. The sixth grow has now been harvested and is in process of being trimmed and cured. This cycle will continue with harvests being completed every two to three weeks. The annual production capacity of the facility is 6000kg or approximately $18 million in top line revenue, with offtake agreements already in place for most of this product.

"Having received our licenses, completed inspections, and grown and harvested our first five crops, this is the final step of compliance before distributing our products to our customers. The majority of our products are pre-sold, and we expect revenue to ramp significantly during the spring. We are fortunate to have partners and customers throughout the world that we can offer a high-quality product with premium genetics," said Dean Medwid, CEO of CannaPharmaRx.

For more informaiton:
CannaPharmaRX
www.cannapharmarx.com

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