Canopy Rivers Inc (OTCMKTS:CNPOF) Pleased After JWC Obtains Its License Amendment

Canopy Rivers Inc (OTCMKTS:CNPOF) is a venture firm that focuses on Cannabis and related products. It was today that the business revealed the latest major development of its portfolio company James E. Wagner Cultivation Corporation.

A close outlook

According to Canopy Rivers, James E. Wagner Cultivation Corporation just obtained a license amendment from Health Canada. This development will see it engage in production activities across four of its new flowering rooms. This will be taking place at its Ontario flagship facility.

The Chief Operating Officer at Canopy Rivers Olivier Dufourmantelle has spoken about the most recent development. According to the official, the license amendment is a clear demonstration of the company’s recognition of JWC. This is in terms of its disciplined approach to expansion and business operations.

He opined, “Through its supply agreement with TerrAscend, JWC has an active role in the Canopy Rivers ecosystem. We’ve seen that companies that work together thrive together, and we think this Health Canada approval will enable JWC to increase production and further collaborate within the Canopy Rivers ecosystem.”

Growth operations

Several market observers have spoken regarding the additional flowering rooms. They have termed it part of the company;’s dedicated efforts towards a program that will help broaden JWC’s existing production capacity. The facility will engage in wide-scale production activities, and it measures 345,000 square feet.

The company has also disclosed that the newly licensed areas will be operating using a proprietary GrowthSTORM™ Dual Droplet™ System. This is a unique practice where plant roots are suspended in the air and also get misted at some particular intervals. Special nutrient solutions that work well for the system are put into use.

The best thing is that a proper combination with the GrowthSTORM™ Management system guarantees outstanding results. It is a remarkable cultivation technique that gives room for the company to engage in the collection of data and its analysis as well. Such activities are important for the delivery of top-quality cannabis in a consistent way.

The facility will be undertaking its full operations anytime from now. Reports indicate that the new flowering rooms will increase the production capacity by a significant margin. The growing space will increase from about 22,000 square feet to 44,500 square feet.

By Steven Russell

Steve covers business and investing in emerging medical marijuana markets. Steve graduated from the university of New Orleans with a degree in Broadcast Journalism. Steve has published several articles in professional journals and magazines. His experience gives readers an inside look at the intersection of his specialties, business and medical marijuana.

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