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Kelowna-based cannabis company granted licence for new facility

Tumbleweed is expected to produce 1,000 kilograms of marijuana
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Tumbleweed is a 10,000-square-foot facility expected to produce around 1,000 kilograms of cannabis flower. (GTEC Holdings)

, located in Chase, B.C., received its Standard Cultivation, Processing and Medical Sales licences on Friday, Aug. 16, 2019.

With the addition of Tumbleweed, Kelowna-based is expected to produce 4,000 kilograms of flower and 1,000 kilograms of trim across its three operational cultivation facilities. GTEC expects to achieve a positive cash flow soon, as Tumbleweed and Grey Bruce Farms enter into full production and sales.

sa国际传媒淲e are incredibly proud of the dedication and commitment of our subsidiaries in accomplishing the most recently issued licences,sa国际传媒 GTEC founder and CEO Norton Singhavon said.

sa国际传媒淎s the organization progresses in the direction of profitability, we will persevere to ensure that Tumbleweed and Grey Bruce become cash-flow positive in the near future, while striving to complete the build-outs of GreenTec Bio-Pharma and 3PL.sa国际传媒

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Tumbleweed has immediately starting cultivation of cannabis plants, choosing from a portfolio of high-end plant genetics, or cultivars. GTEC management believes the combination of unique genetics and cultivation techniques will give it a sustainable competitive edge.

The Tumbleweedsa国际传媒檚 10,000-square-foot purpose-built facility was designed and equipped in such a way to optimize the ability to produce the highest-quality flower. Itsa国际传媒檚 projected to produce 1,000 kilograms of cannabis flower each year with room for expansion.

Currently, GTEC is implementing its new plant varieties into the Alberta Craft Cannabis and will transition its sales efforts from wholesale to provincial retail outlets and direct to medical patients.

Chase is approximately 160 kilometres north of Kelowna.

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Caitlin.clow@kelownacapnews.com

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