Invictus provides expansion update on its LPs
By Grow Opportunity Staff
By Grow Opportunity Staff
Invictus MD has provided an update on production and expansion plans at its Licensed Producers: Acreage Pharms Ltd., AB Laboratories Inc. and 0989561 B.C. Ltd. (Canandia).
The company says it has fulfilled 100 per cent of provincial product orders to date and is looking to further strengthen its sales and distribution relationships with both public and private enterprises as the company’s facilities reach full operating capacity. A production footprint of 189,000 square feet is underway, with more capacity to come online commensurate with market needs and funding, according to a release.
Invictus said its flagship production hub Acreage Pharms is well advanced in the internal layout, equipping and servicing of the 45,000 square foot West Wing of its Phase III facility in Edson, Alta.
Together with the East Wing, the new facility is anticipated to feature 90,000 square feet of total production capacity and is designed to be European Union Good Manufacturing Practices (EU-GMP) compliant. Invictus said it must obtain EU-GMP certification in order to sell and distribute medical cannabis to Germany, and across the European Union.
Acreage Pharms’ Phase I and Phase II facilities are now operating at full capacity with continuous harvests and are realizing productivity efficiencies from the automation of their harvesting and packaging lines.
AB Labs is nearing completion of its Phase II facility in Ancaster, Ont. The new facility is anticipated to add 40,000 square feet of production capacity to its current operations, for a total of 55,000 square feet. AB Labs is expected to finalize its evidence package by mid-March to support a Confirmation of Readiness submission to Health Canada.
Its Phase I facility is operating at full capacity with bulk transfers shipped to Acreage Pharms and other Licensed Producers. AB Labs’ strain variety research and development continues unabated, the company says, with 15 new strains to be used in the Phase II facility once ready.
Canandia features two properties located in Delta and Mission, B.C. The Delta location features 4,000 square feet of production capacity and recently received its business-to-business license for cannabis sales under Health Canada’s Cannabis Act and Cannabis Regulations. The company says the Delta location is anticipated to complement Invictus’ production and product profile with its small batch craft cannabis supply.
Canandia’s Mission location includes 32 acres of buildable land, expandable to up to one million square feet of production capacity under one license. The Mission location has received approval from the Fraser Valley Regional District and is currently awaiting approval from the Agriculture Land Commission. Invictus said the Mission location taps into wholesale energy costs with 38 MG Watt service at the property line, and access to an ample water supply from underground aquifers.