25,000-square-foot Lumby cannabis facility to break ground

True Leaf Medicine Inc. purchased 40 acres of land in Lumby for $3.3 million in December - phase one of the site's construction plan kicks off March 2nd

By
Western Investor
February 26, 2018





marijuana_real_estate

 

A Vernon-based medicinal marijuana company is breaking ground on a 25,000-square-foot cannabis facility after purchasing 40 acres of land in Lumby in December 2017. 

True Leaf Medicine Inc. will be constructing a 16,000-square-foot hydroponic grow building and a 9,000-square-foot building housing laboratory services, extraction and post-processing, to break ground on March 2nd, 2018. The two buildings are phase one of construction plans for the site. 

The groundbreaking ceremony will be attended by True Leaf chairperson and former B.C. Premier Mike Harcourt and True Leaf CEO Darcy Bomford.

“The company is pleased with the completion of our offerings and the purchase of the land and we can move forward in our pursuit of growing what we hope will be the best quality medicinal cannabis in the world,” Bomford said in a statement. 

The company’s first crop will be required to pass a Health Canada inspection in order for True Leaf to be granted a license to grow medicinal cannabis.

True Leaf purchased the Lumby parcel for $3.3 million and expects to produce 2,500 kilograms of dried cannabis each year. 


Tanya is a recent graduate of Langara College's journalism program and spent a summer freelancing for The Burnaby NOW and The Record, following a reporting internship with the publications. She joins Western Investor as an editorial assistant. Very much a millennial, she sees the irony in writing about real estate she will likely never be able to afford.
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