AgraFlora To Build Retail Locations at its Cultivation Facilities

- December 19th, 2019

AgraFlora has confirmed that is building out onsite farm-gate cannabis retail facilities at two of its cultivation sites.

AgraFlora Organics International (CSE:AGRA,OTCPK:AGFAF) has confirmed that is building out onsite farm-gate cannabis retail facilities at two of its cultivation sites. The stores include a 1,200 square foot retail location at its 37,000 square foot facility in Scarborough, Ontario and a 690 square foot store joined to its 8,000 square foot facility in London, Ontario.

As quoted in the press release:

In aggregate, the Company’s planned farm-gate facilities will provide prime proximity to a potential catchment area of over 8.5 million cannabis purchasers. The establishment and eventual operation of AgraFlora’s planned onsite farm-gate retail stores will afford the Company greater control of its cannabis ecosystem, from production to end distribution while promoting vertical integration; ultimately amplifying its ability to function as a price maker, not a price taker.

The farm-gate stores will represent new direct-to-consumer distribution channels for AgraFlora as the Company progresses towards production in Q1 of 2020. The Company’s current 2020 projected output of dried cannabis flower is approximately 170,000 kilograms, including forecasted production at its 2.2 million square foot Delta Greenhouse Facility, licensed producer Sanna Health / Sustainable Growth Strategic cultivation and processing facilities and its purpose built AAA Heidelberg craft cannabis cultivation facility. Additionally, AgraFlora anticipates the successful recapture of over one million grams of premium cannabis trim to be manufactured into ancillary value-added cannabis products on an annualized basis.

Click here to read the full press release.

 

New FREE Report: Investing in Psychedelics

   
What’s ahead for this exciting new segment? Learn more with our exclusive psychedelics report today. Published July 6, 2020.
 

Get the latest Cannabis Investing stock information

Leave a Reply