Corner Brook, NL is about to be the home to a brand-new marijuana cultivation facility. Health Canada has now formally issued a cannabis cultivation license to BeeHigh Vital Elements Inc. for the company’s retrofitted facility located at 1 North Shore Highway.
The application was originally submitted in December of 2017 and was just officially approved this week.
According to a press release from BeeHigh, this is the first cannabis cultivation license that Health Canada has issued to a company in Newfoundland and Labrador.
The province has utilized a mixed public and private cannabis model since the passage of the Cannabis Act, with online sales and wholesale distribution currently handled via the provincial government.
The Newfoundland and Labrador Liquor Corporation bestows licenses on retail stores for private businesses seeking to sell marijuana for recreational usage.
BeeHigh Chief Executive Officer Rita Hall described the construction project and license acquisition as a major success story for Corner Brook. Hall commented:
“The company hired teams of local resources to complete the facility retrofit and over the contract duration, more than 50 people worked on the undertaking. BeeHighVE looks forward to further expansion in the province; including building a store front and additional production capacity.”
Following the completion of the facility in Newfoundland And Labrador, BeeHigh Vital Elements also submitted an application to Health Canada for another cultivation site with the Madawaska Maliseet First Nation in New Brunswick.
This secondary site will be located at a retrofitted fish plant, with plans on the works for a major expansion to the facility.
Rita Hall further added:
“BeeHighVE is excited for the opportunity to move ahead with the Madawaska Maliseet First Nation and Health Canada on future steps. We have been working diligently with Health Canada’s Navigator Program to get to where we are and will continue to tap into this relationship through our expansions.”
If the second site is approved and construction continues on schedule, BeeHigh estimates the company will be utilizing 100,000 square feet of cannabis cultivation space by the end of 2021.
Demand for marijuana products has been high since the Cannabis Act legalized recreational marijuana last month, with a shortage on both the recreational and medical side affecting businesses of all sizes.
The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Grizzle hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.