LGC’s Swiss part­ner be­gins har­vest of 20,000 pot plants

LGC Cap­i­tal Ltd. part­ner Viridi Unit has be­gun har­vest­ing 20,000 cannabis plants grow­ing at its Geneva fa­cil­ity.

Stockwatch Daily - - FRONT PAGE - Mr. John McMullen re­ports

LGC CAP­I­TAL Ltd. part­ner Viridi Unit SA of Switzer­land has com­menced har­vest­ing of 20,000 plants grow­ing at its Geneva cannabis cul­ti­va­tion fa­cil­ity, con­sist­ing of 108,000 square feet of canopy.

These plants are ex­pected to yield ap­prox­i­mately 3,000 kilo­grams of dried cannabis flow­ers from this cur­rent crop for sale within Europe and for use in Viridi’s broad range of prod­uct of­fer­ings in Switzer­land and the Euro­pean Union mar­ket. Viridi Unit’s high CBD (cannabid­iol) dry cannabis prod­ucts are sold un­der the ONE Pre­mium Cannabis brand in over 80 re­tail lo­ca­tions across Switzer­land and the EU and in its cos­met­ics line un­der the Viridi Care brand.

LGC an­nounced a trans­ac­tion on July 30, 2018, by which LGC is to ac­quire a 30-per-cent in­ter­est in Viridi and a 5-per-cent roy­alty on Viridi’s net sales. Re­fer to LGC’s press re­lease dated July 30, 2018, for full de­tails on the trans­ac­tion. This trans­ac­tion is sub­ject to TSX Ven­ture Ex­change ap­proval. About LGC Cap­i­tal Ltd. LGC Cap­i­tal is a lead­ing in­vest­ment firm with a fo­cus on the le­gal global cannabis mar­ket. Through its port­fo­lio in­vest­ment com­pa­nies, LGC is build­ing a world-lead­ing, ver­ti­cally in­te­grated sys­tem of in­ter­con­nected le­gal cannabis com­pa­nies with cul­ti­va­tion, pro­cess­ing and dis­tri­bu­tion in Aus­tralia, Ja­maica, Switzer­land, Italy and Canada serv­ing do­mes­tic and ex­port mar­kets.

We seek Safe Har­bor.

Mo­hammed Al Gha­fari, Mazen Had­dad, Rafi Hazan, David An­thony Leni­gas, An­thony John Samaha

(LG) Shares: 380,288,641 (Fi­nance)

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