Village Farms Intl Inc (VFF)

[MERCURIAL]

B.C.-based Emerald Health Therapeutics holds a license to cultivate and sell medical cannabis flower and oils out of its facility located in Victoria. By teaming up with Village Farms, the joint venture aims to become the lowest-cost, highest-quality cannabis producer in Canada, with a targeted production cost of less than 1.00 Canadian dollar per gram.

The transformation of the 25 acres in Ladner is the first step of the new partnership. The potential conversion of all of Village Farms’ Delta, BC greenhouse operations, if the applicable options were exercised, would conservatively be expected to yield approximately 300,000 kg of cannabis annually. Village Farms and Emerald believe this has the potential to fill a substantial portion of the potential Canadian production gap for both medical and non-therapeutic adult-use cannabis.

http://villagefarms.com/whats-fresh/village-farms-to-place-cannabis-crops-in-delta-greenhouses