Eve & Co Issues Update on Facility Expansion

Eve & Co (TSXV:EVE) shared an update to shareholders on the development of its 780,000 square foot greenhouse expansion.

As quoted in the press release:

The construction of the Company’s greenhouse expansion has seen recent significant advancement after commencing this past July. The in-ground infrastructure has been completed which included the movement of a municipal drain for land usage maximization as well as additional substructure to ensure compliance with municipal zoning and strict adherence to Ministry of Environment requirements. Significant rainfall in our area had caused a slight delay but the expansion is well underway with footings installed and the posts and core structure being erected. The expansion has been designed to include state of the art, scientifically proven greenhouse design features for full climate and automation control, auxiliary lighting to maximize yield and total black-out curtains for effective flowering transition. Eve & Co engaged the recognized experienced and knowledgeable consultants, engineers, greenhouse construction and supply experts in the design and fabrication of this expansion while taking advantage of the experience of Eve & Co’s management in greenhouse systems to adopt the best infrastructure for a hybrid greenhouse with yield optimization and control.

With this expansion, the Company will be able to take advantage of the on-site supply of clean, natural, laboratory-tested groundwater and has added an advanced automated fertilization and irrigation system which recirculates and accurately monitors plant nutrients for optimization and environmental compliance.

The Company expects the expansion to be completed during Q3 2019.

Click here to read the full press release.

Source: globenewswire.com