The initial operating capacity is roughly 22,000 square feet, with the option to expand into an additional 18,000
Inc () (OTCQX:TGIFF) has completed the final phase of construction of its cannabis cultivation expansion in Nevada.
The company received a permanent occupancy permit for its Las Vegas facility, allowing its subsidiary Alternative Medicine Association to move into the facility and begin cultivation.
The building consists of 15 bloom rooms, 3 veg rooms for baby plants and one clone room. The initial operating capacity is roughly 22,000 square feet, with the option to expand into an additional 18,000.
READ: 1933 Industries sees a revenue boost quarter-over-quarter driven by consumer demand
With a grow cycle of 15 weeks, 1933 expects between 700 and 800 pounds of flower per month at capacity.
The next step is to transport the 26 plant varieties, including 5,000 cloned plants and 200 so-called mom plants, to the facility.
“The completion of our new cultivation facility marks an incredible milestone for our Alternative Medicine Association subsidiary,” CEO Chris Rebentisch said. “We are extremely pleased to be able to move into our new facility and begin operations. This is a 5x increase in flower cultivation to fuel the growth of our proprietary AMA branded products and deliver on our white label contracts.”
1933 is a Vancouver-based vertically-integrated cannabis company with brands including AMA, Canna Hemp, Canna HempX, Canna Fused, Canna Hemp Paws and Nineteen 33 THC.
Its shares climbed 2.4% to C$0.43 in Toronto and held flattish at US$0.32 on OTC Markets on Wednesday.
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