LGC Capital Shares Update from Italian Partner

LGC Capital (TSXV:LG) announced its Italian partner, Evolution Bnk started planting cannabis at its facility, with the first harvest expected by October.

As quoted in the press release:

In addition to the Pavia research facility, the construction of Evolution Bnk’s Sanremo Phase 1 facility, the first 20,000 square feet of its 70,000 square feet of greenhouse in Sanremo, Italy, is nearing completion. This will be the growing location for the clones from the mother plants at Pavia. The remaining 50,000 square feet of the 70,000 square feet will be completed in Phase 2 by the end of 2018.

Upon completion of Phase 2 construction at Sanremo, Evolution Bnk will have capacity of 7,000 [kilograms] of dry cannabis flowers per year. This estimate is based on actual industry observed yields of 25 grams per square foot per cycle when using the same production methods as Evolution Bnk. All production will comply with strict Italian government regulations. LGC will advise on a new Phase 3 expansion plan in Pavia for 2019-20, later this year.

Click here to read the full press release.

Source: www.newswire.ca