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
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.
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.”
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
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
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
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Published at Fri, 25 Oct 2019 04:56:32 +0000