TCO not received yet? First harvest next year? Looks like itDefinitely full use of building not maximized until this time next year.
VANCOUVER, B.C., CANADA (April 10, 2019) – 1933 Industries Inc. (the “Company” or “1933 Industries”) (CSE: TGIF) (OTCQX: TGIFF), a licensed cultivator and producer of cannabis flower and concentrates and manufacturer of hemp-derived CBD wellness products, is pleased to announce that its subsidiary, Alternative Medicine Association (“AMA”) is making preparations to move into its new advanced cannabis cultivation facility as the construction phase comes to an end. Temporary Certificate of Occupancy and Business License
The Company is pleased to report that permanent power was recently established by Nevada Energy to the facility and that it anticipates receiving a Temporary Certificate of Occupancy (“TCO”) by the end of April. “STILL WAITING” Grow equipment will be fully installed 3-4 weeks after the TCO has been received.
Following TCO receipt, the Company will work with the various local and state departments including, Health & Safety, Air Quality, Business License, Fire Prevention, etc., to receive final inspection iThis process is estimated to take 3 weeks to obtain. “KEY WORD: ESTIMATED” The Company has also submitted requests to the County and the State to approve the change of location of the Company’s cultivation licenses to the new cultivation facility. The applications have been submitted and are under review, and are expected to be approved shortly after receipt of a CO.
Operational Phase
After the CO and change of location have been obtained, operations will begin, and AMA will focus on ramping up cultivation to achieve full production capacity. The facility is segregated into 5 different zones with a total of 15 bloom rooms and 4 veg rooms. The cannabis plants will move into a new zone every 12 days during their life cycle, and after 90-120 days the facility is expected to be utilized and operating at full capacity.
It appears 1933 is once again is behind the 8 ball. No updates regarding TCO, installation of equptment, final inspection, change of location for cultivation licence, or CO. We have a long road ahead of us before a single plant is in the ground, 4 months for first partial harvest once they’re planted “should be Sep sometime” 4 months for the building to be operating at full capacity.