NetworkNewsWire Coverage: Growing marijuana in North America, for obvious reasons, has historically been an underground affair. Amid growing legalization in favor of recreational and medicinal use, growing cannabis on mass scale is rapidly becoming a necessity for companies in a burgeoning industry driven by incredible consumer demand. Canada is ahead of the United States in this regard, as the country legalized marijuana for medicinal use in 2001 and recently approved national legalization for recreational use, which will go into effect in 2018. For this reason, Canadian companies have access to more capital needed for production, though only three percent of growers who apply for licensing are accepted. In a highly regulated environment, Canadian growers undertake a significant task in learning how to grow marijuana on a mass scale in order to meet rising demand for high-yield, high-quality product. ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF) (ABcann Profile) may have cracked the code for this need, thanks to a partnership with the University of Guelph and a $30 million financing deal with Cannabis Wheaton Income Corp. (OTC: KWFLF) (TSX.V: CBW). When the company IPO’d in May, it joined the ranks of several other Canadian companies occupying favorable market positions, including Canopy Growth Corp. (OTC: TWMJF) (TSX: WEED), Aphria, Inc. (OTCQB: APHQF) (TSX.V: APH) and Aurora Cannabis, Inc. (OTCQX: ACBFF) (TSX.V: ACB).
As one of only three percent of companies to successfully obtain a production license in 2014 under the Access to Cannabis for Medical Purposes Regulations (ACMPR), and in partnership with the University of Guelph, ABcann Global has learned the techniques of mass yield, having developed a unique, computer-controlled environmental system that replicates natural growing environments. Located at the company’s production facility in Napanee, Ontario, this controlled indoor system integrates scalable growing chambers, LED lighting, and organic fertilizers/soil while eliminating pesticides and toxins. Every aspect of the process – from air quality and oxygen, to CO2 levels, water quality, light, temperature, humidity, nutrition, and curing – is monitored and controlled for consistent, high-quality, mass-quantity plant production. Prioritizing growing techniques and getting to this stage of operations took management foresight.
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Canadian Cannabis Leaders Sharpen Focus on Increasing Yield, Plant Quality
