GTEC Holdings' Grey Bruce receives cultivation license from Health Canada
GTEC Holdings announced that its wholly-owned subsidiary, Grey Bruce Farms has been granted a Standard Cultivation License by Health Canada. Grey Bruce is an automated, state-of-the-art facility located in Kincardine, Ontario. The facility was carefully designed, constructed and equipped with a mandate and focus on systems, technology, process flow and good production practices to optimize output of ultra-premium indoor flower. The initial phase of the facility spans 15,000 sq. ft. and is estimated to produce 1.65 million grams annually. With the licensing of Grey Bruce, the Company's current annual output is now estimated at approximately 3 million grams. In accordance with the Cannabis Act and Regulations, Grey Bruce has immediately commenced cultivation of live plants from GTEC's extensive portfolio of exotic and rare cultivars. GTEC's exclusively sourced genetics, which have been through a meticulous and comprehensive pheno selection process will be gradually implemented at GTEC's other facilities. The Company now has facilities licensed for cultivation in both Eastern and Western Canada. As previously announced, there has been an increased demand for GTEC's premium flower, and the Grey Bruce facility will enable GTEC to fulfill the demand for its cannabis from other Licensed Producers; and subject to Alberta Craft Cannabis receiving approval of its Federal sales license, introduce GTEC products into Provincial supply chains. In addition to the Standard Cultivation licenses issued to ACC in Edmonton and now Grey Bruce in Kincardine, Ontario, the Company awaits issuance of a third Standard Cultivation license at Tumbleweed Farms in Chase BC. ACC also completed a Health Canada inspection for its Sales License on June 25-26, 2019 and received a formal inspection report from Health Canada on Friday July 5, 2019. ACC is currently compiling its response to the regulators, in order to comply with any requests made within the required ten business day period.