VIVO Cannabis Finishes Construction of First of Four Greenhouse Facility

VIVO Cannabis (TSXV:VIVO) completed the construction of the first “airhouse” cultivation space facility in Ontario.

As quoted in the press release:

The first of four planned Airhouses to be constructed in 2018 has been completed on the Company’s 65 acre parcel of land in Napanee, Ontario. Each Airhouse represents over 17,000 square feet of cultivation space in a unique seasonal greenhouse environment and is expected to yield two harvests per year. A total of 68,000 square feet of cultivation space (providing incremental annual capacity of 4,000 kilograms of dry flower) will be available once the first phase of Airhouse construction is completed over the next few weeks. VIVO expects to grow quality cannabis for extraction in these structures, with very favourable operating costs and a much lower capital investment than traditional glass greenhouse facilities.

Airhouses are a greenhouse alternative widely used in commercial agricultural applications to produce flowers, vegetables and fruits, substituting glass for high quality vinyl. They are much more cost-efficient than building greenhouses while being safe, effective and environmentally-friendly.

“We expect these Airhouses to provide us cannabis needed to satisfy the increasing demand for extracted product,” commented Barry Fishman, VIVO’s CEO. “By the end of 2018, our total annual capacity in both BC and Ontario is expected to exceed 12,000 kilograms.”

Click here to read the full press release.

Source: globenewswire.com