Found more on that other weed stock LVI.CWe still own 10% of BC Bud who are applying for a license. Highmark Marketing Inc. (CSE:HMK, now LVI, Lightning ventures)(FRANKFURT:1HM) (the "Company" or "Highmark") is pleased to announce that BCBud Producers Inc. ("BCBud") has received a letter from Health Canada confirming receipt of BCBud's application to become a licensed producer of marijuana under the Marihuana for Medical Purposes Regulations (the "MMPR").
In its application to Health Canada, BCBud relied upon its lease option on a 17,000 square feet building (the "Property") in the Village of Pemberton, B.C., zoned M-1 with a growing space of approximately 10,000 square feet. The building will be a new facility that is purpose built for the operation as per MMPR Regulations.
Additional highlights of the application are;
- Proposed level 8 (region III) security which allows the site to hold up to $31.250 million of product
- Proposed quarterly production of up to 3,125kg (1.2500 million grams per year)
- The Village of Pemberton has by way of a letter confirmed that M-1 zoning permits Medical Marihuana Production Facilities.