48North Cannabis (TSXV: NRTH) (OTC: NCNNF) has completed the planting of its first outdoor cannabis crop at the Good:Farm, the largest outdoor organic cannabis cultivation facility in Canada.
Located in Brant County, Ontario, the Good:Farm offers 3.7 million sq. ft. of cultivation space. The company has planted more than 250,000 cannabis seeds at the farm. It selected both high-THC and high-CBD strains were selected for planting.
“Planting nearly 100 acres of organic cannabis outdoors was a significant accomplishment for the organization, relying on both established agricultural practices and innovative cannabis production techniques. Our team of expert farmers and growers ensured this ground-breaking task was a success,” stated Jeannette VanderMarel, the co-CEO of 48North.
The company expects two harvests annually at the Good:Farm. The first harvest is planned for late-August and will be exclusively the company’s auto-flowering strains, while the second harvest of photoperiod plants is planned for mid-October.
The Good:Farm has the potential capacity to yield more than 40,000 kg of dried cannabis, at what 48North expects to be the lowest cost per gram in the country.
48North has signed supply agreements for cannabis from its Good:Farm and other licensed production facilities, including: an outdoor cannabis agreement with the Société Québécoise du cannabis for 1,200 kg of dried cannabis; a supply agreement with the Alberta Gaming, Liquor and Cannabis agency for 2,460 kg of dried cannabis; and a supply agreement with the Ontario Cannabis Store for 1,200 kg of dried cannabis.
