LGC Capital (TSXV:LG) provided an update on its investment in Tricho-Med Corporation for shareholders.
As quoted in the press release:
AAA Trichomes is currently in the process of building its initial 34,000 square foot (Phase-1) Medical Cannabis production facility, located only twenty minutes south-west of Montreal’s Mirabel International Airport.
The construction of the first stage of this new state-of-the-art greenhouse is now underway and is scheduled to be completed by the fall 2018. AAA Trichomes is currently finalizing the selection of the turn-key contractors for the construction of the steel structure/outside envelope of the facility and is in the final process of choosing the Heating Venting and Air-Conditioning suppliers for the facility. The company has already commenced detailed planning for its Phase-2 and Phase-3 expansions that will advance the facility’s overall size to over one million square feet of cultivating and processing capacity.
AAA Trichomes is on track for its Health Canada inspection by the fall of this year. The company expects to run its two trial harvests as soon as Phase-1 construction is complete, which is a condition to being granted a full growing and production license.