$135,000,000 in GROSS REVENUE by 2020
VIVO Cannabis™ initiates additional facility expansion in B.C.
HOPE, BC, April 25, 2019 /CNW/ – VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: VVCIF) (“VIVO” or the “Company”) today announced its wholly-owned subsidiary, Canna Farms Limited (“Canna Farms”), has received local municipal approval for its Phase 5 expansion which will add an incremental 2,500 kilograms of indoor capacity to its facility in Hope, B.C.
Canna Farms’ Phase 5 expansion, originally slated to begin construction in 2020, is now expected to be completed in late 2019 or early 2020, pending regulatory approval. The expansion consists of 10,000 square feet of cultivation space, with expected capital costs of $3.5 million and is expected to bring VIVO’s total internal production capacity to 13,500 kilograms by early 2020
13500KG x 1000 = 13.5 million grams @ $10 US per gram = $135,000,000 in GROSS REVENUE
