SASKATOON, July 16, 2018 /CNW/ - Bold Growth Inc. (Bold Growth) is pleased to announce progress on both the human capital and facility construction fronts.
Staying true to its promise of producing high-end, consistent, craft-style products, Bold Growth welcomes a highly sought-after Quality Assurance Manager to the team. This person comes to Bold Growth with eight years of experience at another Licensed Producer (LP), and also brings in-depth regulatory knowledge gained from experience in the food, bio-supplement and beverage/alcohol industries. We are thrilled to welcome this sector leader to our team.
At the expansive 62-acre site close to the Saskatoon airport, Bold Growth has completed the facility envelope in the past month and is right on schedule to complete the interior development for the 56,018 square-foot indoor cultivation and processing facility.
All site preparations are accelerating forward in anticipation of Bold Growth's Health Canada evidence package, set to be submitted in September 2018.
Bold Growth continues to fund development and expansion plans through its active equity financing. With only ten production licenses held by eight companies throughout Alberta and Saskatchewan, there are substantial opportunities for craft-style locally-grown products and extractions on the Prairies.
About Bold Growth Inc.
Bold Growth is a late-stage applicant to become a Licensed Producer under Health Canada's ACMPR and has successfully passed the security clearance phase of the application in December 2017 and is currently in the review stage.
With construction on schedule, Bold Growth anticipates submitting an evidence package to Health Canada in September 2018 to receive a cultivation license and commence operations.
The purpose-built facility is located on 62 acres of strategically selected property on the outskirts of Saskatoon, positioning Bold Growth to effectively serve both the Prairie Provinces and broader markets. The state-of-the-art facility will include an extraction lab built to GMP standards and will focus on producing high-end, consistent, craft-style products to serve both the recreational and medical markets.
Cautionary note regarding forward looking statements: Certain statements contained in this release may be considered "forward looking" and are prospective. These forward-looking statements sometimes include words to the effect that we or our management believe or expect a stated condition or result. All estimates and all statements that describe our objectives, goals, or future plans are forward looking statements. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in such statements due to any number of factors, including, but not limited to, fluctuations in interest rates, political and economic conditions, industry competition and our ability to attract and retain key personnel. We do not undertake to review or update these forward-looking statements.
SOURCE Bold Growth Inc
For further information: For media inquiries, contact: Andrew Condin, President/Co-Founder, P: 306-850-2868