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Blue Diamond Ventures, Inc. (OTCMKTS:BLDV) Progresses With $1mm Funding For New Facility

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Blue Diamond Ventures, Inc. (OTCMKTS:BLDV) will develop an advanced cultivation facility for the latest licensed producer in Ontario. Quality Green Inc. was listed on the Health Canada website recently making it the 39th licensed cultivator in Ontario. It is now preparing for the imminent period, even before their initial test grow, they are already considering expansion by planning an addition to the latest licensed facility in Canfield ON, turning the company’s turn-key project, the third Cultivation Project for Quality Green.

The details

Josh Alper, the CEO of Blue Diamond, expressed that the timing on this is appropriate to use the imminent MJ Business Conference in Las Vegas to get Quality Green together with their other strategic associates. The company’s suite of services was introduced at the same event in Orlando in the last year in May. They have kept their focus on the key package of Real Estate, Technology and Sanitation, the new facilities will employ the state-of-the-art anti-microbial strategies, and try to integrate unique know-hows from Israel where competitive benefits can be defined.”

Pre-Fabricated cultivation rooms that jumpstart manufacturing, Vertical Growing Systems to enhance space, Heavy Duty Hydroponics to lower down expenses on maintenance, and LED Lighting to improve Hemps, are merely a few of the offerings that will be specified for the latest facilities during the upcoming 60 days.

This first assignment is currently projected at a cost of $1.2 million, $700,000 for purchase of a current building and an additional $500,000 for buildout and project/construction fees. Blue Diamond is anticipated to offer a fully functional grow facility within 12 months or the period permitted by Health Canada.

Matt Lamar stated that smaller marijuana growers will have to be more strategic and nimble to succeed in Canadian provinces led by government-run retail monopolies, however the sales model itself won’t turn doing business impossible.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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