Seattle, Washington--(Newsfile Corp. - December 19, 2017) - CFN Media Group ("CannabisFN"), the leading creative agency and
media network dedicated to legal cannabis, announces publication of an article covering The Hydropothecary Corporation's (TSXV: THCX) recently announced expansion plans, unique
advantages in the industry, and its progress in developing and launching award-winning products into the market.
There are more than 70 licensed producers approved by Health Canada, with roughly 30 approved to sell and produce marijuana, but
not all licensed producers are the same. While some are focused on scaling up operations to meet recreational demand, others are
focused on developing medical therapeutics or innovative products that could boost margins over the long-run. The Hydropothecary
Corporation represents a mix of the two.
Newly Acquired Land
The Hydropothecary Corporation recently announced the acquisition of 78 acres of land adjacent to its existing 65 acre facility
in Gatineau, QC. The company plans to build a new 1 million sq. ft. greenhouse on the land, which management expects to be
completed by December 2018. This new expansion will increase its production capacity to 108,000 kilograms of dried cannabis per
year.
"Hydropothecary is boldly stepping forward to take the lead in the Canadian cannabis industry," said Co-Founder and CEO
Sebastien St-Louis. "With our expansion, we are moving into industrial agri-nomics, robotic technology, fully automated systems,
and the cannabis plant as a THC bioreactor. Once legalization of the adult-use recreational market becomes a reality,
Hydropothecary will be ready."
The cost of the expansion project is estimated to be $80 million, which will be fully-funded through the company's treasury.
Once completed, the company will become one of the largest licensed producers of medical cannabis in Canada. This, in addition to
being the only licensed producer in Quebec to be headquartered in Quebec (there are only two licensed producers in the province.
With a population of 8.4 million, Quebec is the second most populous Canadian province after Ontario. Among the many unique
attributes of the province's inhabitants is a well known preference for local products and businesses.
Current Expansion is On-Schedule
Hydropothecary's current project - a 250,000 sq. ft. greenhouse complex - is on budget and on time. After breaking ground on
October 12, the company expects to complete the facility by July 2018. This expansion that will increase its overall facility size
to 300,000 sq. ft. and boost its annual production capacity to 25,000 kg per year. The facility is fully-funded by its cash on
hand.
Focus on innovation
During fiscal 2017, the company shipped 404,158 grams of medical cannabis and generated $4.1 million in revenue. The company
also completed a new 35,000 sq. ft. greenhouse that increased its production capacity from 600 kg per year to 3,600 kg per year and
launched three new product offerings. These products included Decarb - a novel, pre-activated cannabis capsule - and Elixir No. 1 -
Canada's only sublingual cannabis oil spray.
In addition to being one of the Canada's top producers of cannabis, Hydropothecary is also focused on product development and
innovation. In response to the demands of its clients and the experiences of US states where cannabis is legal, the company has
targeted the development of delivery systems that do not require smoking of cannabis flower.
In December 2017, Hydropothecary's focus was acknowledged by its industry peers at the inaugural Canadian Cannabis Awards, where
the company's Decarb and Elixir products were awarded the Best New Cannabis Product. Decarb took first place for its innovative
ready-to-consume nature, while Elixir was awarded third place as the only peppermint based medical cannabis oil sublingual mist on
the market. Hydropothecary was among more than 800 guests, including licensed producers, industry representatives, and members of
the investment community.
Looking Ahead
The combination of low cost, innovative products, an excellent location, and high scalability make The Hydropothecary
Corporation (TSX-V: THCX) an attractive opportunity in Canada's burgeoning market, particularly as the company looks to
dramatically expand its production footprint.
Please follow the link to read the full article: http://www.cannabisfn.com/hydropothecary-increasing-production-capacity-108000-kilograms-construction-completed-year-end-2018/
For more information, visit the company's investor website at www.thcx.com.
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana
businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and
brands in the US and Canada rely on CFN Media to grow and succeed.
Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/become-featured-company/
Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8
Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your
iPhone: http://www.cannabisfn.com
Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements
that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results,
performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com,
is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment
advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities
mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers
should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or
equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/
Contact
CFN Media
Frank Lane
206-369-7050
flane@cannabisfn.com
