From the Share Holder update. Gives a pretty clear path and time line to meeting requirements and deadlines.
Green Leaf Farms Update
Player's Network has an 86% stake in our Green Leaf Farms Holdings ("GLFH") marijuana subsidiary, which holds a special use permit for production and cultivation license(s) granted by the city of North Las Vegas and the state of Nevada. GLFH has received its Certificate of Occupancy (C of O) for a portion of its 27,000-square-foot facility, marking a key achievement for phase 1 of the project.
We hired Grow Contractors (a division of MCIG) to develop and oversee the construction of GLFH's cultivation and production facility. Despite several regulatory hurdles, we are now very close to completing phases 1 and 2, as outlined below.
This first phase of construction totals roughly 6,000 square feet of common area, including offices, security, reception, storage, two cultivation rooms and a production lab, as well as vault, drying, trim, nutrient mixing and packaging rooms. This first phase will allow GLFH to commence operations and begin generating revenue through the sales of Rosin and cold water hash following final state approval, as outlined below.
Phase 2 of the build-out involves 7,000 square feet of 50% open grow flowering room and 50% several smaller vegetation rooms. One of the last steps in this phase is the approval of our fire safety plan. This month-long approval process includes joint efforts of an independent fire protection company and the City of North Las Vegas Fire Department. Once completed, the final step of phase 2 is to install mechanical HVAC and schedule the state inspection, also outlined below.
These projects take considerable work and diligence, and we appreciate our relationship with Grow Contractors as the team helps us find creative solutions to best streamline these processes.
State Inspection Update
First, it is important to note that the State of Nevada has been great to work with; it is obvious to us that decision makers really want to see this new industry succeed. Our current position in the state's inspection process is what is called a pre-inspection. This is where state inspectors walk with us through our facility to determine and discuss everything needed to pass the official inspection. Pre-inspection discussions are invaluable to the licensing process -- they are like receiving the answers to an exam before you take it. Notably, our inspectors had very few comments. One inspector said our facility is one of the nicest facilities they have walked through and that the pride we take in our work is evident. We were instructed to seal the walls and floors in the warehouses that will be a part of our future phases 3 and 4; we quickly started this work and expect it to be completed by April 15. We will then schedule the official inspection. If there are no more comments, we are told it will take about a week to receive our licenses to commence operations in phase 1, and another three weeks for phase 2.
