Liberty Health Sciences Inc (OTCMKTS:LHSIF) is reporting an increase in cultivations space in Florida thanks to the expansion of its Liberty Health Sciences 360 Innovation Campus. The campus, which is located in Gainesville was started to address the growing demand for cannabis products among patients in Florida.
The 360 Campus was started after the company secured regulatory approvals. The company is in the final stages of setting the facility to accommodate cannabis production activities. Liberty Health Sciences’ facilitate located in Chestnut Hill is operating at optimal capacity.
Increasing production capacity
The company says the addition of the 20,000 sq. ft. will significantly increase its production capacity. The new addition will bring the company’s total cultivation space to 41,200 sq. ft. The first phase of the project will be used for cultivation premium quality cannabis. The facility will also be sued to carry out Research and Development activities to support future genetic programs.
The second phase will involve retrofitting the facility, which is expected to be completed before end of this year. This phase is expected to add an additional 80,000 sq. feet of cultivation space. With this space, Liberty will have the largest production capacity throughout Florida. The company will have a total of 225,000 sq. feet.
Creating a cannabis cultivation ecosystem
The recently added cultivation space is function and controlled to maintain environmental standards. Some of the facilities installed include grow lighting, an irrigation system, CO2 dosing, air filtration exchange and heating and cooling system. With all these supporting amenities in place, the company is guaranteed of optimal production.
Liberty enters agreement with Aphria Inc
Recently, Aphria Inc entered into a stand-still agreement to sell its share in Liberty. The agreement was first announced in February as part of Aphria’s plan for listing on the Toronto Stock exchange. Aphria had entered into an agreement with buyers led by the Serruya family. The group had expressed interest in buying Aphria’s shares in Liberty. The group was seeking shares that are not attached to the escrow requirements of the Canadian Stock Exchange.