AgraFlora Organics International Inc. (OTCMKTS:PUFXF) has provided operational guidance as well as retrofit updates regarding the current expansion initiatives of the Brunswick Bierworks facility that is located in Toronto.
Expansion initiative to increase production to 130,000 hl
The expansion initiative involves an increase of the annual production capacity to around 130,000 hectolitres which is a 305 increase of the previous maximum capacity. The initiative also involves access to more off-site alternative brewing capacity and the installation of a CBD-infused drink packaging line that has four, six and twelve can capability.
The company expects to commence product formulation and batch testing as from Q3 2019 with commercial production expected to begin in Q4 2019. There is planned development of a CBD-infused tasting facility. AgraFlora has a partnership agreement with renowned Canadian brewing Brunswick Bierworks and it holds exclusive formulation, production, and distribution rights of CBD infused drinks manufactured at Brunswick’s Brewhouse in Toronto Ontario.
The company and Brunswick Bierworks are expected to continue pursuing aggressively the expansion initiatives at the ultra-modern Brewhouse. Once the expansion of the facility retrofit is completed the total capital expenditures used on the Brewhouse will be in excess of C$20 million. The Brewhouse that is composed of a group of experienced brewery associates has so far completed a number of production runs for renowned European beverage brands like Augustiner, Guinness and Inner & Gunn.
AgraFlora to leverage Brunswick Bierworks’ proprietary processing technology
The partnership between AgraFlora and the Brewhouse put it on the forefront of the CBD beverage industry in Canada because of the proprietary processing technology of the Brewhouse that makes it suitable for the development of CBD-infused and non-alcoholic drinks.
AgraFlora CEO Brandon Boddy stated that the company’s partnership with Brunswick Bierworks will help in cementing the company’s position in the CBD-infused drinks sector in Canada. The company is looking forward to the legalization of cannabis beverages and edibles in Canada later this year and the partnership solidifies AgraFlora’s brewing infrastructure distribution relationships and product development that is necessary for attaining greater market share.