NOTICE TO READER:
As with all of our Q&A sessions, we were not approached or requested to undertake the Q&A but rather we approach those companies that we feel the timing is right. No compensation of any kind or in any form is every offered, requested, expected, or received.
CCIM: Thank you very much for taking a moment to bring our readers up to speed with Harvest One. There is a lot to take in so I will try to be brief and our readers are encouraged to read the in-depth coverage of Harvest One inside this issue.
HVT: Thanks Spiro, always happy to update your readers on our progress.
CCIM: Earlier this year you announced greenhouse expansion plans at your Duncan facility but later in year changed these plans to different site, the Chemainus facility. Can you explain the thought process behind this change?
HVT: The reason for the change in plans were two- fold.
First, we made a strategic decision to change our expansion plans from greenhouse to indoors to produce a higher quality product. Effectively, greenhouses usually produces lower extraction grade cannabis and we eventually see this side of the market being supplied by foreign imports where the cost of production will be far less than anything possible in Canada. We have also seen massive square footage greenhouses announced by our competitors across the country including some major facilities here in BC. As a result, we see this segment of the market being well catered to in the near term and decided to focus on producing a premium product where we can ultimately generate a higher margin.
Second, the Chemainus site offers a better alternative to scale capacity faster than the original Duncan site. This facility used to be an industrial lumber kiln drying plant and is therefore very well suited to be repurposed into a cannabis cultivation facility.
With the option on an additional 8 acres on this site we believe we can significantly scale capacity in the near term.
CCIM: Earlier this year you announced greenhouse expansion plans at your Duncan facility but later in year changed these plans to different site, the Chemainus facility. Can you explain the thought process behind this change?
Spiro Sertsis: CCIM
Andreas G.: HVT
TSXV: HVT
HVST)
HVST)
P
80