Canadian cannabis grower to increase production

Canadian cannabis grower to increase production

Village Farms International, Inc. recently announced that its cannabis subsidiary, Pure Sunfarms, has received an amendment from Health Canada to its cultivation license for its 1.1 million square foot Delta 2 greenhouse facility (the adjacent facility to its Delta 3 facility). The amendment allows Pure Sunfarms to cultivate cannabis immediately in the half of the Delta 2 facility for which conversion to cannabis production has been completed. Under the amendment, Pure Sunfarms is also permitted to begin cannabis production in the remaining half of the Delta 2 facility when conversion of that half of facility for cannabis production has been completed.

The announcement increases Pure Sunfarms' total cultivation capacity to 1.65 million square feet, all of which is at a single location in Delta, BC. Pure Sunfarms expects to begin planting in the completed half of the Delta 2 facility in September of this year, with the first harvest expected in November. The company also expects to further increase its cultivation capacity to 2.2 million square feet during the second half of 2022 upon completion of the conversion of the remaining half of the Delta 2 facility for cannabis production.

"As many licensed producers in Canada scale back operations, we are proud and excited to be significantly expanding production to meet the expected continued growth in Pure Sunfarms' retail branded sales, driven by Pure Sunfarms' leading brand market share in dried flower against the backdrop of the overall growth in the Canadian market, as well as additional opportunities that we are pursuing both within Canada and in international markets," says Michael DeGiglio, CEO of Village Farms. "With this expansion, we expect to benefit from additional economies of scale and other efficiencies that will further support our unique ability to not only offer premium quality cannabis products at an everyday price, but to do so while consistently generating profitability. As it has done with the existing Delta 3 facility, which is currently operating at full production, Pure Sunfarms will prudently deploy Delta 2's production capacity to meet sales demand while continuing to effectively manage inventory levels."

Source and Photo Courtesy of Greenhouse Grower

Source: Greenhouse Grower

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