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Speakeasy Cannabis Club Ltd
Symbol C : EASY
Shares Issued 42,760,686
Close 2018-06-04 C$ 1.28
Recent Sedar Documents

Speakeasy completes building site for phase 2 expansion

2018-06-04 16:24 ET - News Release

Mr. Marc Geen reports

SPEAKEASY COMPLETES BUILDING SITE FOR PHASE 2 EXPANSION OF 80,000 SQUARE FOOT 'CANNABIS COMPLEX' TO PRODUCE PREMIUM SMALL BATCH AT SCALE

Speakeasy Cannabis Club Ltd. has completed the building site in preparation for the erection of the 80,000-square-foot phase 2 expansion. The completion is running ahead of schedule, and construction will begin imminently. Additionally, the company is in the process of completing the purchase of the greenhouses that will play a vital role in fulfilling the supply agreement with Valens Groworks Corp.

The company is also pleased to have secured seven megawatts of power from Fortis at its Rock Creek facility. "Our relationship with Fortis, along with our strategic location, have made this major power upgrade possible," stated Marc Geen.

"We are pleased to be ahead of schedule with the construction of our phase 2 expansion at Rock Creek. This goes hand in hand with our corporate vision of being a leader in premium indoor cannabis. We anticipate having the first section of the project completed and ready for Health Canada inspection by the beginning of September, 2018, following our cultivation licence," stated chief executive officer Marc Geen.

"By combining our greenhouse facility with our phase 2 expansion that includes our state-of-the-art extraction lab, we look to have a fully vertically integrated product line that is not only of high quality, while maintaining low-cost production. Comparing it with any other agricultural product, it's the companies that refine their own products that have better margins," stated director Anthony Jackson.

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