First Harvest full at Flower One’s 455,000 square-foot cannabis facility, greenhouse now totally canopied with 100,000-plant stock

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With a full greenhouse and a accomplished 55,000 square-foot manufacturing facility, Nevada’s main cannabis cultivator and producer commences ongoing harvest for product achievement, state-wide

TORONTO, June 11, 2019 /CNW/ – Flower One Holdings Inc. (“Flower One” or the “Firm”) (CSE: FONE) (OTCQX: FLOOF) right now broadcasts the completion of its inaugural cannabis harvest on the firm’s 455,000 square-foot commercial-scale greenhouse facility  – the most important within the state of Nevada. With the greenhouse now 100 per cent canopied, the Firm has commenced an anticipated ongoing harvest averaging 10,000 high-quality, hydroponically-grown cannabis crops per zone. This, along with the completion of the greenhouse’s adjoining 55,000 square-foot cannabis manufacturing facility, has effectively positioned Flower One for the lively cultivation and processing of over 100,000 crops housed in eight flower zones, per crop cycle, amounting to an anticipated 140,000 lbs (or 62,500 kg) of dry flower per yr.

“What a surreal and memorable day for the Flower One staff. With a accomplished manufacturing facility, and operations now in full swing, we’re proud to have accomplished Flower One’s inaugural harvest right now, initiating our ongoing harvest and paving our skill to develop into the state’s main supplier of high-quality, hydroponically-grown cannabis,” stated President and CEO, Ken Villazor. “Not way back, this facility was used to develop cucumbers. It has been extremely thrilling to witness the whole transformation of Flower One’s greenhouse for cannabis manufacturing at scale. Rising wholesome crops with a major yield requires a broad staff of devoted professionals to ship outcomes. To now be capable to observe the totally constructed manufacturing capability – and the importance of our contribution to Nevada’s budding cannabis market – is a big milestone for Flower One. We couldn’t be happier with the outcomes.”

Flower One’s expansive, 455,000 square-foot facility has been purposefully designed for the cultivation, processing, manufacturing and high-volume {custom} packing of retail cannabis product for its licensed model companions, together with dry flower, pre-rolls, cannabis oils, distillates, concentrates, edibles, topicals, and infused merchandise.

Having now initiated its harvest, cannabis cultivation and manufacturing cycle at Flower One’s greenhouse facility will probably be ongoing, translating into the next anticipated future outcomes:

  • The continual harvesting of 1 flower zone (averaging 10,000 crops) per week;
  • 140,000 lbs (or 62,500 kg) of high-quality dry flower per yr, produced and processed for retail consumption;
  • A dependable, constant provide of seed-to-retail-ready, custom-packaged product, delivered to Nevada’s cannabis shoppers by the use of Flower One’s rising portfolio of Model and Retail Companions; and
  • A genetic library of over 100 distinctive cannabis strains.

Since embarking on the conversion of its 400,000 square-foot facility in Might 2018, greater than 138,000 hours of renovation and building work have been devoted to changing Nevada’s largest, state-of-the-art cannabis cultivation and manufacturing facility. Flower One is now outfitted to offer seed-to-retail-ready product that’s {custom} packaged and delivered to retail with a dedication to constant, dependable, high-volume supply.

About Flower One Holdings Inc.

Flower One is sharply centered on shortly changing into the main cannabis cultivator, producer and innovator within the extremely profitable Nevada market. In Q2 2019, the Firm, having efficiently accomplished the inaugural harvest of its flagship 455,000 square-foot greenhouse and manufacturing facility, the most important within the state, is now working in a state of steady harvest, for the cultivation and processing of top quality cannabis at scale. Flower One additionally owns and operates a 25,000 square-foot indoor cultivation and manufacturing facility in North Las Vegas, with 9 develop rooms, and owns the established NLV Organics client model of cannabis merchandise. Mixed, the flagship greenhouse and manufacturing facility, and the North Las Vegas facility present

Flower One with 480,000 sq. toes of capability for cultivation and processing, manufacturing and high-volume packaging of dry flower, cannabis oils, concentrates and infused merchandise. The Firm is totally licensed for medical marijuana cultivation and manufacturing, in addition to leisure marijuana cultivation and manufacturing within the state of Nevada and presently holds licensing agreements with their Model Companions, Flyte Concentrates, Fast-Dose Therapeutics’ Fast Strip, Previous Pal, Palms, HUXTON, CannAmerica Manufacturers, Grenco Science (G Pen), and The Medication Cupboard.

The Frequent Shares are traded on the Canadian Securities Trade below the Firm’s image “FONE” and in the US on the OTCQX Finest Market below the image “FLOOF.” For extra data, go to: https://flowerone.com

Cautionary Notice Concerning Ahead Trying Info                        

Statements on this press launch that aren’t statements of historic or present truth represent “ahead wanting data” inside the that means of Canadian securities legal guidelines and “ahead wanting statements” inside the that means of United States securities legal guidelines (collectively, “forward-looking statements”). Such forward-looking statements contain recognized and unknown dangers, uncertainties, and different unknown components that would trigger the precise outcomes of the Firm to be materially totally different from historic outcomes or from any future precise outcomes expressed or implied by such forward-looking statements. Along with statements which explicitly describe such dangers and uncertainties, readers are urged to contemplate statements labeled with the phrases “believes,” “perception,” “expects,” “intends,” “anticipates,” “potential,” “ought to,” “might,” “will,” “plans,” “proceed” or different related expressions to be unsure and ahead wanting.

Ahead-looking statements might embrace, with out limitation, statements regarding the execution of the Firm’s technique and intent to develop into the main cannabis cultivator, producer and innovator in Nevada; the Firm’s skill to fulfil state-wide manufacturing necessities; the Firm’s skill to fulfil its manufacturing goal of 10,000 high-quality, hydroponically-grown cannabis crops per zone, to course of 100,000 crops per crop cycle or manufacturing of wholesome crops, with important yield, totaling 62,500 kg of dry flower per yr or to ship dependable, constant provide of seed-to-retail-ready, custom-packaged product; the profitability of Flower One’s actions in Nevada; and the size and capability of Flower One’s cultivation, processing and high-volume packaging amenities in Nevada.

The Firm is not directly concerned within the manufacture, possession, use, sale and distribution of cannabis within the leisure and medicinal cannabis marketplaces in the US via its subsidiary Cana Nevada Corp. Native state legal guidelines the place Cana Nevada Corp. operates allow such actions; nevertheless, these actions are presently unlawful below United States federal legislation. Extra data relating to this and different dangers and uncertainties regarding the Firm’s enterprise are contained below the heading “Threat Elements” within the Firm’s administration dialogue and evaluation dated Might 30, 2019 filed on its issuer profile on SEDAR at www.sedar.com.

The forward-looking statements contained on this press launch are expressly certified of their entirety by this cautionary assertion, the “Ahead-Trying Statements” part contained within the Firm’s most up-to-date administration’s dialogue and evaluation (“MD&A”), which can be found on SEDAR at www.sedar.com. All forward-looking statements on this press launch are made as of the date of this press launch. The forward-looking statements contained herein are additionally topic usually to assumptions and dangers and uncertainties which can be described infrequently within the Firm’s public securities filings with the Canadian securities commissions, together with the Firm’s most up-to-date MD&A.

Though Flower One has tried to determine necessary components that would trigger precise outcomes, efficiency or achievements to vary materially from these contained within the forward-looking statements, there could be different components that trigger outcomes, efficiency or achievements to not be as anticipated, estimated or meant, together with, however not restricted to: dependence on acquiring regulatory approvals; investing in goal corporations or initiatives which can be engaged in actions presently thought-about unlawful below United States federal legislation; adjustments in legal guidelines; restricted working historical past; reliance on administration; necessities for added financing; competitors; hindering market development and state adoption attributable to inconsistent public opinion and notion of the medical-use and adult-use marijuana trade and; regulatory or political change.

Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The forward-looking statements on this information launch are made as of the date of this launch. Flower One Holdings disclaims and does nor undertake any intention or obligation to replace or revise any such forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by relevant legislation.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR THEIR REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Flower One Holdings Inc.

The publish First Harvest full at Flower One’s 455,000 square-foot cannabis facility, greenhouse now totally canopied with 100,000-plant stock appeared first on Terpenes and Testing Journal.

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