Emerald Health Therapeutics Inc TBQBF

$EMH.V: 1,000,000 Square Feet of Space by End of 2018

[Peter518]

$EMH.V & VFF.TO 

Emerald Health Plans for 1,000,000 Square Feet of Cultivation Space by End of 2018 -- CFN Media 

Management anticipates that the first 250,000 square foot conversion of the 1.1 million square foot greenhouse will be completed in February, with a first harvest ready prior to adult-use legalization, anticipated in July of 2018. The second 250,000 square foot expansion is targeted for completion in the third quarter of 2018, which would bring the total cultivation space up to 500,000 square feet. Since it's a 50/50 partnership, Emerald Health would essentially own roughly 250,000 square feet of production by the end of next year. 

Following completion of the whole 1.1 million square foot retrofit, Pure Sunfarms has an option to similarly develop an additional 3.7 million square feet of greenhouse production area. Combined with the 1 million square feet from the Metro Vancouver campus, this puts Emerald Health at 5.8 million square feet of potential production area and among the very largest licensed producers, in terms of production potential, both in Canada and internationally. 

Please follow the link to read the full article: https://goo.gl/Jo3ztU