Let's keep it real, page-3

ASX announcement:
The Expansion Land will underpin UG’s Phase 1 Expansion Strategy, initially supporting up to three acres of additional greenhouse production space, increasing production capacity to approx. 8,500kg of dried cannabis buds by the end of calendar year 2017.
The agreement also provides scope for a potential Joint Venture (“JV”) with Cowichan to further expand UG’s landholding with an additional 20 acres of greenhouse production space. This would drive production capacity at the Duncan Facility to approx. 50,000kg p.a. by 2020, potentially establishing UG as one of the largest cannabis producers in Canada.

Average price of cannabis: $9,350/kg

Importantly, cannabis cultivation activities are well-advanced at the Duncan facility, with the first harvest due this quarter.

Incidentally, MMJ has signed an agreement to import and distribute the company’s medicinal cannabis products in Australia.

http://www.*.com.au/companies/news/...nabis-production-growth-in-canada-174569.html



https://news.lift.co/dried-cannabis-price-scan-feb-22-2017/