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Fantino cannabis firm announces milestone

DCN News Services
Fantino cannabis firm announces milestone

TORONTO — Aleafia Health Inc., a firm chaired by former Toronto police chief Julian Fantino, recently announced it has completed phase one construction and retrofitting of its Niagara Greenhouse facility located in Grimsby, Ont.

The firm said it expects to complete phase two of construction and retrofitting of the balance of the facility late in the first quarter of this year or early in the second quarter, a Jan. 7 release said.

The greenhouse is being built under the Dutch Hybrid design. The firm said the facility is “strategically located in the cannabis cultivation friendly Niagara Region micro-climate, significantly reducing electricity expenses and accelerating the seed to harvest period.”

Aleafia concluded the $9.6-million acquisition of the greenhouse on July 30, 2018. The facility has a moving container bench system that it says will lead to low-cost per-gram yields and a year-round harvest.

The phase one build brings 60,000 square feet to readiness for production, pending Health Canada approval, with phase two representing the remainder of the 160,000-square-foot facility.

“Bringing the Niagara Greenhouse to a plant-ready state on time and on budget speaks to our team’s executional capabilities,” said Fantino in the statement.

“This milestone, and projected growth in Aleafia’s production capacity, represents a game-changer for Aleafia,” added Aleafia CEO Geoffrey Benic. “With an emerging national retail network via Serruya Private Equity, our 15,000-kilogram supply agreement with CannTrust and the pending acquisition of Emblem, the demand for Aleafia’s high-quality cannabis has never been stronger.”

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