Cutting Costs by 40%
Developing the 13,000 sq. ft. workspace also gives New Leaf (NLVVF) the ability to integrate state-of-the-art technology to reduce drying time and increase product shelf life. This capacity will further advance the company’s production and high-volume packaging operations allowing it to grow its Dama brand from 70 to 200 distributors across Washington.
While its expansion is anticipated to be complete by the end of 2020, there’s one additional action that will tremendously impact profits…
New Leaf (NLVVF), through its consulting services, is migrating from on-premise farming to larger, off-site dedicated farming supply partners. By refocusing its efforts to processing, extraction, packaging and distribution—opposed to large-scale cannabis farming— New Leaf (NLVVF) will be able cut the cost of goods by an astounding 40%.
Additionally, New Leaf (NLVVF) plans to expand its hemp operations in a 5,000 square foot facility across the street from their main building.
The company also developed an ecommerce platform to sell hemp, CBD oils, liquid gel capsules, and topical creams across the open market. This provides yet another revenue stream and a way to reach more cannabis consumers through an assortment of new products.
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