Target Group Inc (CBDY)

[BlueGreenPower]

**NEWS** Thrive Cannabis Obtains Health Canada's Approval For Extract Sales

https://www.benzinga.com/markets/cannabis/20/06/16211156/thrive-cannabis-obtains-health-canadas-approval-for-extract-sales

This sounds like good news for Target. The press release mentions expanding Thrive's cultivation and processing capabilities further at the Canary facility. Not sure if this means they are adding more grow rooms to the facility. The 8 current grow rooms only utilize about half the facilities licensed footprint.

There seems to be room to add more, and under the new Health Canada regulations adding rooms has been made much easier. At least that's what I've read. Of course Canary would receive it's share of the proceeds of any new rooms added. Expansion within the already licensed footprint seems like a win win for both companies.

Also good news is Thrive receiving its approval for extract sales. They will need high potency flower to make concentrates like Diamonds, and strain specific vape cartridges. For this you need lots of high potency biomass that is mostly grown indoors. Thrive would be smart to max out Canary's facility with more rooms before they absolutely need them. Stay ahead of the curve :) gl

Thrive Cannabis Receives Extract Sales License from Health Canada

https://finance.yahoo.com/news/thrive-cannabis-receives-extract-sales-113010407.html