VIVO Cannabis Inc (OTCMKTS:VVCIF) announced a week ago that it received a standard cultivation license from Health Canada, allowing it to increase its capacity through its Kimmetts greenhouses.
The standard cultivation license will allow the company to operate the Kimmetts seasonal greenhouse which is located in Napanee, Ontario. The Kimmetts greenhouse happens to be VIVO Cannabis’ third production facility to receive a license. It also highlights the company’s fast-paced expansion efforts in the state, particularly at the Napanee facility where it has been adding more grow rooms.
The certificate that VIVO Cannabis received for its Kimmetts facility represents a key step for the company in its efforts to offer its medical marijuana portfolio to new markets such as Europe. The facility sits on 86,000 square feet and already has four kimmetts airhouses. VIVO Cannabis expects the facility to add about 4,000 kilograms its production capacity, thus boosting its entire production capacity to more than 12,000 kilograms.
“This approval represents another significant milestone achievement for VIVO and a major step toward helping us reach our business goals,” stated VIVO Cannabis CEO Barry Fishman.
The Napanee operations have prioritized quality and cost-effective production
The CEO also pointed out that he was proud of the Napanee team for focusing on quality and innovative production. He also thanked Health Canada for facilitating an adequate supply of cannabis in the Canadian market.
VIVO Cannabis has been awarded the license at an ideal time considering that it just launched its high-tech Vanluven facility located in Napanee. The facility adds to the company’s extraction capacity and will help the firm to expand its product lines while also expanding its intellectual property. The company expects the Kimmetts facility to deliver high-quality cannabis flowers while also facilitating cost reduction.
VIVO Cannabis is currently the only licensed Canadian cannabis firm that uses airhouse technology. The technology has been gaining traction in the U.S and is already being used in numerous states to facilitate the production of high-quality cannabis. VIVO Cannabis will likely commence planting at the Kimmetts facility as early as possible. Planting early will allow the first harvest before winter.