CannTrust Holdings (CSE: TRST) announced this morning that the company has received a sales license from Health Canada for its 250,000 sq. ft. cannabis greenhouse facility in Niagara. According to the company’s president Brad Rogers, CannaTrust has already finished the construction of the facility on time and on budget.
This is Phase 1 of a multi-phase project to buildout a 46 acre state of the art cannabis greenhouse facility. 10 harvests have been completed and the company is already on Phase 2 construction of another 180,000 sq. ft. facility.
From the CEO:
“The expansion of our Greenhouse Facility together with our Health Canada Sales Licence will allow CannTrust to meet growing market demand and provide maximum value to our customers, partners and shareholders. Our increased production together with our expanding product lines positions us to continue to build on our strong partnerships in both the Canadian retail recreational market and in the global emerging markets” said Eric Paul, CannTrust’s Chief Executive Officer.
CannTrust sells an array of THC and CBD based products off of their website in the form of drops and dried cannabis.
You may be interested
Trump Administration Cautions Against National Hemp ExpansionCash Crop Today - February 22, 2018
The Trump administration doesn’t want to see hemp expanded nationwide in the next Farm Bill because of concerns about overproduction, an official said on February 21, 2018.…
Canopy Growth Signs Significant Supply and Sales Agreement with Sunniva Medical IncCash Crop Today - February 22, 2018
On February 21, 2018, Canopy Growth Corporation ("Canopy Growth") (TSX:WEED) announced the signing of a definitive supply agreement with Sunniva Inc. ("Sunniva") (CSE:SNN) (OTCQX:SNNVF). Through the terms…