True Leaf Prepares to Open New Facility
True Leaf Medicine International Ltd.’s construction of True Leaf Campus, a cannabis cultivation and production facility in Lumby, B.C., is on schedule to be completed this fall.
The first phase of the project includes a two-story, 9,000 sq. ft. central hub for the initial grow area, laboratory services, whole-plant extraction and processing and packaging of therapeutic cannabis products, followed by a 16,000 sq. ft. wing for cannabis cultivation.
The construction crew has been busy over the summer and made extensive progress over the past few weeks as the building nears completion. The specialized mag board interior walls are in place, along with the sprinkler systems and main utilities. The exterior wall sections are being installed now and the crew should be at the lock-up stage soon. Completion of the electrical, growing and security systems will be the next focus as the contractor prepares for the commissioning of the building over the next 30 to 60 days.
“As our True Leaf Campus project nears completion, we are getting closer to becoming a licensed producer of cannabis,” said Darcy Bomford, founder and CEO of True Leaf. “We look forward to adding legal medicinal cannabidiol products for pets to our existing line of hemp-seed based supplements for dogs and cats.”
When completed, True Leaf Campus will provide employment in Lumby, a hard-hit logging community of 1,700. The facility is being built on a 40 acre site owned by True Leaf with full local government support. The company is well positioned to expand to meet future market demands.
The company also announced it issued 100,000 common shares to Kerry Biggs, CFO, on Oct. 17, 2018, exercisable at a price of 60 cents per share pursuant to the terms of his employment agreement. Bal Bhullar has resigned from his role as corporate secretary effective Oct. 16, 2018 and will continue to serve as the company’s general counsel. Dr. Chris Spooner has resigned as chief scientific officer, effective Oct. 15, 2018. The company thanks Dr. Spooner for his years of contribution and service to True Leaf and wishes him the best in his future endeavors.