SGSC (Sustainable Growth Strategic Capital Corp), a subsidiary of Agraflora Organics International Inc (OTCMKTS:AGFAF), signed a partnership accord with MicroC45 Inc to cultivate hemp in Ontario. The company planted high-quality hemp on 50 acres of land at a Binbrook, Ontario based farm. It expects a yield of 50,000 kgs of superior quality hemp from this facility in fall 2020.
Proprietary technology for additional yields
MicroC45 possesses a harvest mechanical separation unit to get higher yields of cannabinoids through the extraction process. SGSC expects additional yields of 1,000 Kgs of THC-free distillate, CBD distillate, and CBD isolate using the proprietary technology of MicroC45 for sale to the existing and future customers.
CEO and EC of Agraflora, Brandon Boddy, said the company achieved another milestone with cultivation at its Binbrook farm. The company will realize sufficient quantities of cannabidiol from its high yielding cannabidiol crop to satisfy the demand of enterprise clients.
Private placement of 20.66 million units
Agraflora plans to mobilize funds of 2$2 million through the private placement of up to 20.66 million units at 7.5 cents/ unit. One unit consists of one transferable SCP (share purchase warrant) and one common share. Each warrant holder is entitled to acquire an additional share at 10 cents within 5-years from the closing date.
Propagation Services commences cannabis cultivation
Propagation Services Canada Inc. (PSCI), a flagship cultivation asset of Agraflora based in Delta, British Colombia, began commercial cultivation of cannabis with a curated line of live plant genetics. The company focuses on the cultivation of high potency and high-quality cannabis economically from its Delta facility. It will target the products for wholesale and retail markets.
Brandon said its partner – PSCI is experienced in economic agricultural production and helps the company to manufacture low- high-quality products cost cannabis from its Delta facility. It will help the company to produce high-quality products to satisfy the demand and offer rich dividends to the investors. He said the trend is towards high potency genetics. The company expects to capitalize on rising prices and high quality and potency genetics.
During the first phase, PSCI uses a cultivation space of 422,828 Sq. Ft. at Delta facility for commercial operations and expects to commence sales soon.
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