The construction of the 1.5 million sq. ft. cannabis greenhouse production facility, located in Weedon, Quebec is progressing.
A significant portion of the property is currently cleared and de-stumped. There is now ample land to construct the first phase of greenhouses. The project has accepted delivery of the first 30,000 sq. ft. of greenhouse structure and equipment and will begin construction immediately. Phase one of the greenhouse construction is estimated to be completed in September. The equipment and control systems are scheduled to be installed in October. Following this, the virtual tour and evidence package video will be completed and delivered to Health Canada in Q4 2018.
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Clearing of the land for phase two will occur concurrent with the construction of the first phase of greenhouses. The foundations and anchor points will be in place by the end of 2018. The estimated date for the project build-out is Q4 of 2019, with full production of the 1.5 million sq. ft. greenhouse facility estimated to be underway in Q2 of 2020
Hydro Quebec's pre-engineering and planning process is in motion on the property. Their next step is to send procurement needs for the implementation of power to the greenhouse project. There is now a clear plan for delivery of the necessary power required for the site.
Environment Quebec is currently processing the project's Certificate of Authorization that allows construction to take place within the close-proximity of the property's protected wetlands. The project will continue to make every effort to ensure its building practices support environmental sustainability.
The Company has recently partnered with three different institutions in the area to both widen community ties and provide an educational aspect to the project:
MYM's partnership with the University of Sherbrooke will focus on the medicinal and industrial uses of cannabis and hemp. Researchers at the University of Sherbrooke will work with an on-site coordinator to create partnerships by targeting expertise in various faculties and training centres.
The partnership agreement with Sherbrooke College (CEGEP) will see the development of a training program for the project's employees assigned to the production of cannabis. The educational curriculum will be expanded and offered as a diploma (AEC) program as part of the Sherbrooke College (CEGEP) course offerings.
Lastly, MYM's partnership with the Sherbrooke Historical Society will create the concept for the CannaCentre museum, which is expected to be built at the Company's planned 1.5 million sq. ft. cannabis production facility in Weedon, Quebec. The facility will integrate research and development, academia, tourism, and community initiatives.
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