Harvest One Signs Premium Cannabis Supply Agreement and Provides Facilities Updat

Published: July 16, 2019

Harvest One Signs Premium Cannabis Supply Agreement and Provides Facilities Updat

Harvest One Cannabis Inc. announced its wholly-owned subsidiary United Greeneries has entered into a supply agreement with 9869247 Canada Limited (“Stevens Green”) dated July 1st, 2019, pursuant to which Stevens Green will cultivate and harvest United Greeneries’ premium cannabis genetics at their facility in Ontario.

Harvest One congratulates Stevens Green for receiving their cultivation license from Health Canada on July 5, 2019, and looks forward to working closely with the Stevens Green team to grow select United Greeneries’ premium cannabis genetics in their indoor facility, for distribution under United Greeneries’ established Royal High and Captain’s Choice brands in the adult market.

Under the terms of the agreement, United Greeneries will supply clones of its premium strains, already in production at its licensed facility in Duncan, British Columbia, along with proprietary nutrient and irrigation techniques, and cultivation expertise, in order to ensure the production of consistent, premium craft cannabis its brands are recognized for. In turn, Stevens Green will cultivate, harvest and supply a minimum of 2,000 kgs of premium craft flower per year for an initial term of three years. The agreement contains an option for renewal with an increase in the minimum quantity of cannabis to be supplied, to 5,000 kgs per year.

“We are very pleased to be expanding our national footprint and increasing the supply for our own highly sought-after, premium, craft cannabis flower,” said Grant Froese, Chief Executive Officer of Harvest One. “This agreement triples Harvest One’s current cultivation capacity without further capital or operational outlays.”

Facilities’ Update

Premium Indoor Cultivation

Harvest One’s targeted annual capacity of 20,000 kgs of premium craft flower will satisfy supply agreements with our recreational distribution partners in the provinces of British ColumbiaSaskatchewanManitoba and, Ontario, as well as our medical distribution partner, Shoppers Drug Mart, through its networks in Ontario and Alberta.

Duncan, British Columbia

  • United Greeneries’ licensed facility in Duncan, British Columbia (“Duncan“), continues to produce premium craft cannabis in both raw flower and pre-rolled formats currently distributed in British ColumbiaSaskatchewanManitoba and, Ontario
  • Phase 1 modular expansion at Duncan is complete and the evidence package has been submitted to Health Canada, with licensing expected to occur in Q3 2019
  • Phase 2 and 3 modules are now erected in place, with on-site construction aggressively underway and expected to be completed by early Q4 2019
  • The full modular expansion will triple Duncan’s annual capacity to 3,500 kgs of premium craft flower
  • The 13 acres under lease adjacent to the Duncan facility is available for further strategic modular expansion

Lucky Lake, Saskatchewan

  • Harvest One continues to make strong progress on the buildout of its 68,000 sq. ft., state-of-the-art Lucky Lakecultivation and processing facility (“Lucky Lake“)
  • Structural upgrades to the roof, mezzanine, and four 10,000 sq. ft. concrete bays that house the growing rooms has been completed
  • The Lucky Lake design incorporates fourteen growing rooms that will have the capacity to grow 11,000 kgs of premium craft flower annually at full production
  • Final project completion and Health Canada licensing are expected in Q4 2019
  • Lucky Lake’s additional 23 acres of farmland has expansion potential for outdoor cultivation

High Quality Greenhouse Cultivation and Extraction

Harvest One’s recently announced strategic acquisition of majority control of Greenbelt Greenhouse Ltd. (“Greenbelt“), provides greenhouse cultivation, processing and extraction facilities to support the Company’s cannabinoid-infused premium health and wellness product strategy. The Greenbelt facility will supply high grade oil for product formulation and innovation of Harvest One’s Dream Water, LivRelief™ and Satipharm brand product lines, as well as vape pens and other regulated derivative products.

Lynden, Ontario

  • The Greenbelt facility is a 152,000 sq. ft., Acrylite®, organic greenhouse, with an adjoining 42,000 sq. ft. processing facility
  • The Greenbelt retrofit is currently underway with completion and licensing expected in Q2 2020
  • Upon completion, the Greenbelt facility will have the capacity to grow in excess of 15,000 kgs of high quality cannabis annually at full production
  • Extraction capabilities of up to 150 kgs of dried flower a day
  • Greenbelt has an application pending with Health Canada for a cultivation and processing license

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