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Newstrike Brands Ltd NWKRF

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."


OTCPK:NWKRF - Post by User

Post by itsallgameon Aug 13, 2018 8:34pm
302 Views
Post# 28453852

I asked IR for a Niagara tour and got a response

I asked IR for a Niagara tour and got a responseAppreciate your email. Afraid we can't offer you that tour, but I will point to what we've disclosed in our Q2 MD&A regarding our progress in Niagara. To answer your question, yes its currently cultivating - we're about to complete our first harvest and we're building it out in stages. We received our cultivation license from Health Canada on Mar 28, 2018, and began first production shortly after. It takes about 3-4 months to complete a harvest. On June 28, 2018, we submitted an amendment application for a sales license from Health Canada for the Niagara Facility and we expect first harvest to be completed in Q3 2018. We are building out Niagara (160,000 sq. ft dedicated to production) in stages and once we complete the retrofit, we expect it will produce approximately 15,000 kg of dried cannabis per annum and approximately 30,000 kg per annum after completing an additional expansion project.

Best,
Dennis

I wanted a tour of Niagara location, probably easier to get into Justin's house !!!
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