RE:RE:RE:GNOTE1My thoughts. They prove to financiers that they are at capacity in cultivation but they have contracts for more cultivation and increase in retail sales. They will be proceed with financing and or loans. Borrow the money for expansion or PP.
We anticipate that once we have been able to maximize the efficiency of these assets, our production capacity may exceed the design capacity of approximately 8,300 kilos of dried cannabis per year. The company's purpose-built processing sensor, which was licensed in April 2020 and allows for fully automated bottling, packaging, capping and labeling functions for its consumer package, dry cannabis products, is now fully operational.
We anticipate that once the processing center is operating at capacity, it will allow for processing of up to 25,000 kilos a year of dried cannabis flower material.
The company is in the process of expanding its Health Canada license perimeter from its current 80,000 square feet to approximately 135,000 square feet to allow for future expansion of our cannabis-related operations on site. We will continue to update the market on expansion progress as the company further develops its forward-looking expansion plans through 2021 and as licensing approvals are received from Health Canada.