Contrary to Basher Belief.... Matica Enterprises CEO Boris Ziger: Matica is a Montreal cannabis company. This year, for Matica, it is all about quality and profit. We have many projects in the works that will give opportunities for both. To start, let’s go to our starting point in Dorval on Montreal’s west island. In RoyalMax’s state of the art, 10,000 square foot facility in Dorval, we are currently growing our first crop and have started our second. We have a standard cultivation license and have applied for a sales license, which we expect to receive soon after cultivation, so we can then start selling our products.
In Hemmingford, Quebec, we have a 181 acre farm for our massive greenhouse project. The farm is a one hour drive south of the Dorval facility and Montreal, and it’s in a unique microclimate that receives a similar amount of sunlight as Southern Ontario and Northern California, making it an ideal place for a greenhouse operation. We will be building 1 million square feet of greenhouses. We’re currently constructing the first 200,000 square feet and will be pouring concrete after the snow melts. This is a huge undertaking that will put Matica on the map in a really big way.
We also have a partnership with Yunify Natural Technologies, a Quebec-based cosmetics research firm with operations in Quebec, Connecticut and New York. Yunify has been developing proprietary products for us. The first product they have produced for us is an odor-neutralizing spray that eliminates the smell of cannabis and replaces it with a peppermint scent. It does not contain any cannabis, so it can be sold around the globe.
Our relationship with Yunify is a very important one, as they will be helping us to add value to the products we produce and sell. They have developed topical creams that utilize a mineral clay technologyinstead of a lipid-based emulsifier. It is a non-greasy formula with a time-released delivery of the active ingredients. In the US, we intend to have hemp derived cannabidiol (CBD) as our active ingredient. With the passing of the Farm Bill in the US, CBD is legal and can be sold in all 50 states. We’ll be making our debut in the US.
We’re also expecting to begin generating revenue this year, which is exciting. We are a well-capitalized company. Matica has over $6 million in the bank and has equity in other companies. We also have a $20 million equity line of credit with Alumina Partners in the US that we’re using to fund the construction of our greenhouse in Hemmingford.
In short, we have a lot going on!