FIGR Continues Expansion – PYXUS – $PYXPyxus (PYX) Subsidiary FIGR Continues Expansion with First Cannabis Harvest in Ontario SIMCOE, ON, Feb. 4, 2019 /CNW/ - FIGR, Inc. a vertically-integrated legal cannabis company, is pleased to announce that today its Simcoe-based facility, FIGR Norfolk (licensed as Goldleaf Pharm, Inc.), completed its first cannabis harvest. This is the first crop to be harvested outside of the company's facility in Charlottetown, Prince Edward Island.
After weeks of cultivation in one of FIGR Norfolk's four grow rooms, the crop was harvested. Once dried—a process that takes approximately 10 days— the cannabis will be packaged for sale in FIGR's Artisan, Craft, and Master lines of flowers, pre-rolls, and oils.
"This is one of many important milestones for FIGR and demonstrates our commitment to our Ontario expansion project," said Harvey Carroll, President of FIGR, Inc.
"In 2018, we purchased a 20-acre property adjacent to our current facility that will give us more production space. Our planned expansion in Simcoe will see our space grow from 20,000 square feet to approximately 800,000 square feet." FIGR Norfolk will break ground on the facility expansion later this year with an anticipated completion date in 2021.
About FIGR, Inc.
FIGR is a vertically integrated legal cannabis company headquartered in Toronto, Ontario, that operates under one sole purpose: to put character into everything it does. FIGR cannabis is sourced from the company's two licensed subsidiaries—Canada's Island Garden, in Charlottetown, Prince Edward Island, and Goldleaf Pharm, in Simcoe, Ontario. FIGR is a wholly-owned indirect subsidiary of Pyxus International, Inc. (NYSE: PYX). For more information, visit
www.figr.com.