VANCOUVER — Acreage Pharms Ltd. has announced construction of its Phase 2 cannabis production facility in west-central Alberta is nearly complete, with the firm claiming it will reach 5,000 kilograms of production capacity in February.
Both Phase 1 and Phase 2 of the Acreage Pharms facility cover approximately 40,000 square feet in total, and another 80,000 square feet is planned in an upcoming Phase 3 expansion.
“Facility construction is one of the foundations of our progress at this point, and we are thrilled that our teams of building specialists are completing work on this ambitious schedule on time. We are building state-of-the-art grow and extraction facilities that are meant to last for generations,” Invictus chairman and CEO Dan Kriznic said in a statement.
Final interior construction of Phase 2 will include the installation of a security system, completion of electrical installations as well as installing cooling and relative humidity control and grow lights.
Acreage Pharms has delivered an amendment to its license application for Phase 2 to Health Canada and “expects processing of the application to take a few weeks,” a release said.
Once construction is complete and Health Canada has granted authorization, Acreage Pharms can begin growing cannabis within the Phase 2 facility. Invictus, the owner of Acreage Pharms, further expects the firm to receive its sales license in the first quarter of 2018 since multiple crops have been harvested and tested, the release added.
“Consumer demand for cannabis continues to grow rapidly among medical patients, and demand for cannabis is expected to spike further when recreational cannabis sales are permitted across Canada beginning in July,” Kriznic added.
“We have been carefully and strategically building Acreage Pharms to both meet existing demand and anticipate expanded demand across 2018, and are exceedingly pleased with the timely and high-quality work being completed by our teams.”
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