Emerald Health JV Secures License Amendment in Canada

Emerald Health Therapeutics (TSXV:EMH) announced its joint venture Pure Sunfarms got a Health Canada amendment to its cultivation license for its facility in Delta, BC.

As quoted in the press release:

The additional approximately 138,000 square feet brings Pure Sunfarms’ total licensed cannabis production area to approximately 825,000 square feet. The newly licensed area is expected to be fully planted and in production this week.

Pure Sunfarms has also completed conversion of the approximately 206,000 square feet of growing area in the fourth and final quadrant, which is under review by Health Canada with respect to further amendment of Pure Sunfarms’ cultivation license. This further amendment would expand its permitted production area to just over 1.03 million square feet. The remaining approximately 69,000 square feet of the facility is being converted to processing and extraction activities. The Pure Sunfarms Delta greenhouse will be one of the single largest cannabis growing facilities in the world.

“With deep cannabis and large-scale greenhouse growing expertise, established operational systems, and cannabis strains well-suited to a greenhouse environment, we expect Pure Sunfarms’ leadership in optimized greenhouse cannabis growing to achieve attractive quality, yield, and profitability,” said Dr. Avtar Dhillon, Executive Chairman and President of Emerald. “We expect this facility to be in full production in the first half of 2019. With Emerald’s supply agreement for 40 [percent] of Pure Sunfarms’ 2019 production along with our Quebec and hemp operations, we are strongly positioned for quarter to quarter sales growth.”

Click here to read the full press release.