Liht Cannabis Corp. provides update on cultivation progress in … – PRNewswire (press release)

KELOWNA, BC, Nov. 29, 2018 /PRNewswire/ – Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) (FSE: 2M0) (“Liht”) or the “Company”) provides to its shareholders, a progress report on cultivation in North Las Vegas, Nevada.

Subsequent to the Company’s news releases on November 7th and 20th, 2018, Kurt Keating, Director of Operations and his lead cultivators have successfully transferred hundreds of plants into the first permanent 5,000 sq. ft facility, Building 1.

This building will be in flower cycle by December 1st, allowing our first harvest to take place at the end of January.

The transfer of plants into our second building is underway and on schedule to be completed by December 5th.  We will alternate harvests between buildings five times per year allowing us to produce approximately 1620 pounds of dry flower.

We are dedicated to an organic living soil methodology which creates a higher quality, pure cannabis while reducing the cost of production. The Company is committed to the production of organic certified products.

Our plants have been propagated from established mother plants using award winning genetics, Lemon Skunk, Skywalker OG, Bubba Kush CBD, Moonshine Ghost Train Haze and Cookies and Cream, Kosher Kush, Amherst Sour Diesel and White Widow.

Semi-annually the State of Nevada Department of Taxation establishes Fair Market Value of Wholesale Retail Marijuana. The current median rate for wholesale flower is $2,798 per pound.

The Department determines the Fair Market Value at Wholesale of retail marijuana. Pursuant to permanent regulation LCB File No. R092-17, Fair Market Value is defined as, the value established by the Nevada Department of Taxation, based on the price that a buyer would pay to a seller, in an arm’s length transaction for marijuana in the wholesale market. To view the current values, visit:

https://tax.nv.gov/uploadedFiles/taxnvgov/Content/Forms/Marijuana-Fair-Market-Value-Jul-1-2018.pdf

“After months of hard work, we are

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