Providing Turnkey Infrastructure Solutions to Cannabis Producers
Primo Nutraceuticals Inc. (CSE:PRMO,FWB:8BV) provides infrastructure and seed-to-sale services to licensed tenant cannabis growers in Washington state. Many cannabis companies face challenges as they set up their business, such as high capital costs and a lack of access to traditional funding. Primo Nutraceuticals provides these companies access to cultivation facilities, as well as ancillary services, such as recycling, soil remediation, equipment leases, property management, consulting and advisory services and yield optimization technology.
At the core of its business model, Primo Nutraceuticals owns a four-acre property in the Okanogan Valley in Washington state. The company has developed a 10,000-square-foot greenhouse on the property, which has been leased to a tenant grower. Primo Nutraceuticals is currently building out two additional 10,000-square-foot greenhouses and intends to expand its land package by at least six acres.
Primo Nutraceuticals has also secured senior water rights for the property, providing the company with an ample water supply for its operations. Once established in Washington, the company intends to penetrate the Canadian cannabis market and to expand into other legalized states with its turnkey solutions.
Aside from the company’s turnkey solutions model, Primo Nutraceuticals has also entered the US hemp market in Oregon. The company’s subsidiary, Worm Casting Farms Inc., owns a hemp production and processing license along with 10 acres of farmland. Primo Nutraceuticals intends to build a 5,000-square-foot extraction facility on the property. The facility is expected to be operational by early 2020.
Primo Nutraceuticals is also developing a line of premium products and consumer packaged goods in order to become a leader in the international cannabis supply market. To date, the company has partnered with the Thrive Wellness brand to bring premium hemp and natural health products to North America and has acquired a proprietary CBD-blended tincture with three recipes for anxiety, energy and sleep. Primo Nutraceuticals is looking to add the Grounded CBD brand, which was featured on CBC’s “Dragons Den” to its brand portfolio.
Primo Nutraceuticals benefits from its partnership with the Marijuana Company of America (OTCMKTS:MCOA), which has provided the company with $1 million in financing to build out the company’s facilities in the Okanogan Valley.
Primo Nutraceuticals’ management team also provides the company with a wealth of experience. Primo Nutraceuticals President Amandip Jagpal has worked with Cannabis Science Inc. (OTCMKTS:CBIS), a cannabis biotech company based in California for over 10 years and Director Richard Cindric has worked with New Age Farm (CSE:NF), a turnkey growing infrastructure and services company for licensed growers and processors. Additionally, management notably owns 95 percent of the company’s shares.
Primo Nutraceuticals Company Highlights
- Turnkey infrastructure solutions for cannabis producers.
- Primo Nutraceuticals provides seed-to-sale and ancillary services for its tenants.
- Option to purchase an additional six acres of prime growing land in the Okanogan Valley.
- Tenant already in place in fully constructed 10,000-square-foot growing facility.
- Primo Nutraceuticals is a senior water rights holder on its property in Washington.
- Potential expansion into the hemp industry.
- Potential expansion into other states and the Canadian cannabis market.
- Partnership with MCOA in place with $1 million in financing received so far.
- Management notably holds 95 percent of the company shares.