Case Studies
82
Cannabis
Goldleaf is a late-stage applicant under the ACMPR for required licensing to produce and sell medicinal cannabis in Ontario, Canada and is currently completing construction of a 20,000 square foot indoor growing facility with further expansion planned for an additional 710,000 square feet of production over a three year period.
The combined Canadian cannabis acquisitions are anticipated, subject to regulatory approvals, to have approximately 1 million square feet of production space within a three year period and with the opportunity to become a truly international cannabis company - expanding into international markets as anticipated legalization of medicinal and recreational cannabis use progresses around the world. These acquisitions will integrate and further advance Purilum's flavor expertise as edibles and vaping products become permitted under applicable law.
SUMMARY OF THE PLANNED ACQUISTION OF TWO CANADIAN COMPANIES
Canada's Island Garden Inc is a License Producer in with a cultivation and sales license for dried (plants) and has a production license for oils. A sales license for oils should be forthcoming. CIG already has product on the market as they are part of the Canopy Growth Corporation’s CraftGrow Collection.