MMJ ann
9 March 2017 MMJ SIGNIFICANTLY EXPANDS DUNCAN FACILITY PRODUCTION CAPACITY WITH LAND LEASE AGREEMENT • Agreement with Cowichan Tribes secures additional 13 acre land package located directly adjacent to existing Duncan Facility • United Greeneries ready to commence Phase 1 Expansion Strategy targeting cannabis production capacity of approx. 8,500kg p.a. by YE 2017 • Potential to add additional 20 acres of greenhouse space through JV with Cowichan Tribes – further boosting production capacity to approx. 50,000kg p.a. • Land lease agreement fulfills second last escrow requirement for release of CAD$25M Harvest One financing – funds expected to be received during March • Harvest One RTO transaction nearing completion – resulting issuer Harvest One
MMJ Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
