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.
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)