1933 Industries Receives Approval to Transfer its Cultivation Licenses and to Commence Cultivation Operations at its Newly Constructed Facility in Las Vegas – Yahoo Finance

VANCOUVER, July 19, 2019 /PRNewswire/ – 1933 Industries Inc. (the “Company” or “1933 Industries”) (TGIF.CN) (TGIFF), a vertically integrated cannabis consumer packaged goods company that owns licensed cultivation and manufacturing assets to support its brands, reports that it received both Clark County and Nevada Department of Taxation final approvals for the transfer of its existing cultivation licenses to its new cultivation facility, which completes all the necessary steps to begin the transfer of its cannabis plants.

CSE: TGIF, OTCQX:TGIFF (CNW Group/1933 Industries Inc.)More

Mr. Caleb Zobrist, Executive Vice President and Legal Counsel commented, “We have worked closely with county and state authorities to ensure the smooth transfer of our cultivation licenses from the old facility to the new one. Having the licenses in place enables us to commence cultivation operations in the new facility immediately.”

With all site work completed, the Company will begin the transfer of its cannabis plants, including 5,000 clones, and 200 moms to populate the new facility, with the aim of completing 2 full zones or six rooms within a week in its first phase. The clones will vegetate for about four weeks before beginning the flower cycle. “We will start acclimatizing the plants in the new rooms and ensure that all life-support systems, such as temperature, irrigation, light and humidity controls are functioning as designed,” said Mr. Tim Spencer, Director of Cultivation.

Once the new facility is fully operational and all systems are optimized, the Company expects to produce approximately 700-800 lbs. of dried cannabis per month, to be utilized for its AMA branded flower and concentrate products currently sold to licensed dispensaries throughout Nevada. AMA’s live resins and vape pens are the Company’s best selling items due to their versatility and contain cannabis-derived terpenes in a variety of flavours. The new facility will provide better control over the

Read More Here...

Leave a Comment

Please Rate This Content*

Your email address will not be published. Required fields are marked *