Hydropothecary Gets First Phase of Licensing for Greenhouse Expansion

The Hydropothecary Corporation (TSXV:THCX) announced the first two zones of its greenhouse expansion is now officially licensed by Health Canada.

As quoted in the press release:

“Our cultivation team has been preparing for this expansion for months and currently have over 6000 plants rooted and ready to be transferred into this newly licensed facility today, with many more in production,” said Hydropothecary Master Grower, Agnes Kwasniewska, Canada’s first female Master Grower.

This, along with the 1 million [square feet] expansion set to be complete by year end, will bring total production capacity up to 1.3 million [square feet] and will allow Hydropothecary to produce 108,000 [kilograms] of dried cannabis annually.

“Receiving licensing for the first two zones demonstrates our team’s outstanding execution,” said Hydropothecary Chief Executive Officer and co-founder Sebastien St-Louis. “This planned expansion allows us to continue to ramp up production in preparation for the adult-use recreational market, as Quebec’s preferred supplier, while continuing to serve the growing medical market.”

Click here to read the full press release.

Source: globenewswire.com