RE:RE:RE:RE:ICC FAMILY. Profiteer: What is your short-term plan for your operations in Colombia?
Alejandro Antalich: We expect to commence licensed outdoor planting of non-psychoactive cannabis strains with at least 15 percent CBD on approx. 101 hectares of land the Company has secured for this purpose. There is no shortage of land that is suited for cultivating cannabis. The weather conditions in Colombia are optimal for year-round outdoor production which means we could have three harvests per year. Consolidating all these favourable variables, we expect to get 140,000 kilograms of non-psychoactive dried cannabis flowers in the first year, while the production is stabilized.
Moreover, we want to start the construction of a 124,000 sq. ft. greenhouse within the next 30 days, where we will grow psychoactive cannabis plants with 20 percent THC content for medicinal purposes. Upon completion of its greenhouse, production should reach between 8,000 kg and 12,000 kg of dried psychoactive cannabis flowers during its initial year of production, with quantities increasing upon the establishment of its full production cycle.