First Cannabis Crop Harvested at Duncan Facility
Perth, April 5, 2017 AEST (ABN Newswire) - MMJ PhytoTech Limited (
ASX:MMJ) ("MMJ" or "the Company") is pleased to advise that its wholly-owned subsidiary United Greeneries Holdings Ltd. ("UG") has successfully completed its first cannabis harvest at the Duncan Facility in Canada.
- First crop of OG Kush strain successfully harvested at Duncan Facility yielding approximately 60kg of dried cannabis buds
- Cannabis buds have passed strict internal quality control measures and will be ready for shipment in coming weeks
UG's first crop of the OG Kush strain has yielded approximately 60kg of dried cannabis buds, with the harvest passing strict internal quality control measures. The Company expects the cannabis buds to be ready for shipment by late April.
Cultivation activities are continuing to be scaled up at the Duncan Facility, as UG looks to establish a first-mover advantage in the soon to be legalised Canadian recreational market, which will have an estimated value of CAD$5 billion per annum.
The Company will provide the market with further operational updates in the coming weeks.
About MMJ Group Holdings Ltd
MMJ Group Holdings Ltd (ASX:MMJ) is a global cannabis investment company. MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail. For MMJ's latest investor presentation and news, please visit: https://www.mmjphytotech.com.au/investors/
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