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Osoyoos Cannabis (CSE:OSO) New Listing

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The company will be in the business of processing raw cannabis to produce concentrated extracts which are used recreationally or infused into a variety of recreational or medicinal products.

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Company: Osoyoos Cannabis
Website: http://www.OsoyoosCannabis.com
Stock Symbol: CSE: OSO
Date Published: Feb 25, 2019
Transcript: Available

Video Transcript:

I’m Nadika Vizzy for Investmentpitch Media

Osoyoos Cannabis is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “OSO”, following a reverse takeover of LKP Solutions.

The company will be in the business of processing raw cannabis to produce concentrated extracts which are used recreationally or infused into a variety of recreational or medicinal products.

The company will process and obtain extracts from raw cannabis received from independent licensed producers.

These extracts will be packaged and sold as the company’s own branded products or will be sold to others.

The company may also ‘toll’ process raw cannabis supplied by others for a negotiated fee.

It has secured a lease, with the option to purchase, a 10,410 square foot facility on the Osoyoos Indian Band’s lands in Oliver, British Columbia.

The facility, a former storage warehouse, is in excellent condition and has the ideal dimensions to allow for a phased retrofit.

The initial architectural designs have been completed for the Phase One retrofit of approximately 3,500 square feet, and the company is currently advancing the build out.

Osoyoos Cannabis has purchased and taken possession of four Vitalis Supercritical CO2 Extraction Systems, which will operate within the footprint of the Phase One retrofit.

These Systems will allow for the processing of up to 50,000 kilograms of dried flower annually, which is expected to produce approximately 4,900 kilograms of winterized output per year.

Subsequent to the Phase One facility retrofit, which is expected to be completed in summer 2019, Osoyoos Cannabis will commence its Phase Two retrofit.

This Phase will entail retrofitting the balance of the facility, adding more packaging equipment and doubling extraction capacity, which will allow for the processing of up to 100,000 kilograms of flower annually which is expected to produce approximately 9,800 kilograms of output per year.

In addition to Osoyoos Cannabis’ application for a Standard Processing license, the company is also in the process of negotiating a letter of intent relating to 100 acres of neighboring land with the intention of cultivating cannabis outdoors.

The Okanagan Valley is the hottest and driest place in Canada, which is the ideal location to establish an outdoor grow.

The shares are trading at $0.28.

For more information, please visit the company’s website www.OsoyoosCannabis.com, contact Gerry Goldberg, Executive Chairman and Interim CEO, at 416-460-3000, or email ggoldberg@OsoyoosCannabis.com.

I’m Nadika Vizzy for Investmentpitch Media