North Bud Farms Offers Update to License Application Amendment

North Bud Farms (CSE:NBUD) announced an amendment of its license application for an addition to its outdoor cultivation area.

As quoted in the press release:

Request for Outdoor Cultivation License:

NORTHBUD is pursuing a standard cultivation licence under The Cannabis Act after acquiring a confirmation of readiness stage ACMPR licence application in early 2018.

The NORTHBUD production facility is located on a 95-acre parcel of farmland in rural Quebec. Under the new regulations, licenced producers can cultivate outdoors. In collaboration with Cannabis Compliance Inc. NORTHBUD will be amending its application to include a 1000 x 500 [feet] outdoor cultivation area. We anticipate this outdoor production footprint to be operational in the spring of 2020 pending the required approvals by Health Canada. NORTHBUD expects to begin implementation of the required infrastructure in Q2 2019 after completion of our 25k [square feet] indoor production facility that is currently under construction.

As the consumer market develops, we believe our diverse centralized infrastructure will provide NORTHBUD a solid, low cost, high quality cannabis supply, which will serve as the core of our products and brand moving forward.

Click here to read the full press release.

Source: globenewswire.com