Abattis Bioceuticals announced a new definitive agreement o acquire 90 percent ownership interest in Gabriola Green Farms.
As quoted in the press release:
Gabriola is a privately held British Columbia company that has applied for a license to produce under the Access to Cannabis for Medical Purposes Regulationson Gabriola Island, one of the gulf islands located in the Strait of Georgia off the coast of British Columbia. Gabriola Island has a consistent temperature and humidity level, which makes it well suited to greenhouse growing.
“This is one of the most significant steps our Company has taken towards becoming a full service cannabis company,” stated Rob Abenante, Abattis President and CEO. “After successfully obtaining a license through Gabriola, we intend to not only cultivate marijuana, but more importantly sell extracted cannabis products, which will complete our full downstream service offerings.”