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FIGR, Inc. celebrates its first harvest outside of Atlantic Canada at its Simcoe-based facility
SIMCOE, ON, Feb. 4, 2019 /CNW/ - FIGR, Inc. a vertically-integrated legal cannabis company, is pleased to announce that today its Simcoe-based facility, FIGR Norfolk (licensed as Goldleaf Pharm, Inc.), completed its first cannabis harvest. This is the first crop to be harvested outside of the company's facility in Charlottetown, Prince Edward Island.
After weeks of cultivation in one of FIGR Norfolk's four grow rooms, the crop was harvested. Once dried—a process that takes approximately 10 days— the cannabis will be packaged for sale in FIGR's Artisan, Craft, and Master lines of flowers, pre-rolls, and oils.
"This is one of many important milestones for FIGR and demonstrates our commitment to our Ontario expansion project," said Harvey Carroll, President of FIGR, Inc. "In 2018, we purchased a 20-acre property adjacent to our current facility that will give us more production space. Our planned expansion in Simcoe will see our space grow from 20,000 square feet to approximately 800,000 square feet."
FIGR Norfolk will break ground on the facility expansion later this year with an anticipated completion date in 2021.
About FIGR, Inc.
FIGR is a vertically integrated legal cannabis company headquartered in Toronto, Ontario, that operates under one sole purpose: to put character into everything it does. FIGR cannabis is sourced from the company's two licensed subsidiaries—Canada's Island Garden, in Charlottetown, Prince Edward Island, and Goldleaf Pharm, in Simcoe, Ontario. FIGR is a wholly-owned indirect subsidiary of Pyxus International, Inc. (NYSE: PYX). For more information, visit www.figr.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations of future events. Such statements include, but are not limited to, statements about future plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results may differ materially from those currently anticipated expected or projected. The following factors, among others, could cause actual results to differ from those expressed or implied by the forward-looking statements: changes in laws and regulations or the interpretation of laws and regulations, continued compliance with applicable regulatory requirements and, uncertainties with respect to the timing and extent of facilities expansion. Additional factors that could cause results to differ materially from those expressed or implied by forward-looking statements can be found in Pyxus's most recent Annual Report on Form 10-K for the period ended March 31, 2018 and the other filings with the Securities and Exchange Commission (the "SEC") which are available at the SEC's Internet site (http://www.sec.gov).
SOURCE FIGR inc.
For further information: Amber Ciolfe, NATIONAL Public Relations, E [email protected], T +1 416-848-1384