RE:RE:RE:RE:RE:8.8 mill
Item #3
Key Operating Highlights of The Second Quarter of Fiscal 2019
-- Increased annual extraction capacity significantly to 425,000
KG of dried cannabis and hemp biomass in the second quarter of
2019 to meet increasing customer demand with plans to further
increase capacity to over 1,000,000 KG per year with the
buildout of the adjacent facility in Kelowna, BC anticipated to
be completed in H1 2020.
-- Announced three new extraction partners in the second quarter
of 2019, including The Green Organic Dutchman Holdings Ltd,
HEXO Inc and Tantalus Labs and expanded contracted extraction
capacity with Tilray Inc by 300% to 60,000 KG per year and
added contract manufacturing services.
-- 8,547,000 grams of dried cannabis and hemp biomass was
processed in the second quarter of 2019, a 376% increase over
the first quarter of 2019. The Company has already processed
7,348,000 grams of biomass in the first 45 days of the third
quarter.
-- The Company was accepted for listing the common shares and
warrants of the Company on the TSX Venture exchange as a Tier 1
life sciences issuer.