Vivo Cannabis Inc (fka VVCIF)

[PotterBanker]

VIVO Completes First New Seasonal Greenhouse

https://globenewswire.com/news-release/2018/09/26/1576323/0/en/VIVO-Completes-First-New-Seasonal-Greenhouse.html

NAPANEE, Ontario, Sept. 26, 2018 (GLOBE NEWSWIRE) -- VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: VVCIF) (“VIVO” or the “Company”) is pleased to announce that it has completed the construction of its first innovative seasonal “Airhouse”.

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.