$CNPOF $RIV.V Construction Starts on First Hemp and Cannabis Supply Chain in Canada

November 19, 2019

On Friday Morning, Grasslands Taber Collaborative (GLTC) located in the Town of Taber, Alberta launched the construction of the first marijuana, hemp, and infused agricultural food supply chain in Canada. The GLTC Premium Park Project partnerned with rural communities in the western part of Canada to capitalize on the business opportunities found in the new marijuana sector.

They will be producing marijuana and agricultural foods. GLTC will also provide farmers with research, development, and processing opportunities, as well as rental spaces for producers and other businesses.

GLTC CEO, Lindsay Blackett, said that the Premium Park’s primary purpose is to produce premium weed and premium infused products. In a tweet, she said that the company has attracted much interest from companies across the globe, especially in the U.S.

The GLTC Premium Park will be located at the heart of Taber, Alberta. The facility will be constructed on a 60-acres plot along Highway 36. The activities taking place at the facility include cultivation, extraction, processing, and distribution.

The park will be installed with a state-of-the-art extraction facility certified for extraction of both marijuana and hemp by Health Canada and the European Union Good Manufacturing Process (GMP). Natural Health Products will also issue certification to the GLTC extraction plant.

The president of Taber and District Chamber of Commerce, Joanne Sorensen, said that the announcement of the construction of the GLTC Premium Park would be a significant boost for the economy in Taber. She also noted that the town has been experiencing an economic downturn forcing businesses to move, and the remaining companies complained about getting close to zero profits.

Historically, the Town of Taber has always been interested in the marijuana business. Last year, the council voted 4-3, allowing the opening of marijuana dispensaries in Taber. However, the GLTC Premium Park Project had the support of all the town officials, when making its announcement on Friday.

The mayor of Taber, Andrew Prokop, said that the GLTC project is a win-win for the town because it will provide employment opportunities to about 200-300 individuals residing in Taber. He also noted that through the GLTC project, the local economy would be diversified.

The Director of Planning and Economic Development in Taber, Phyllis Monks, said that the impact of the Premium Park would benefit the whole of Taber town.

Sorensen further said that once the construction starts in spring, more than 200 people are expected to secure employment. She also noted that it is not a wonder to see families moving to Taber and renting or building their own homes and bringing more business opportunities with them.

There will be 25 slots for sale ranging from 1.5 to 5 acres and a retail mall in the GLTC Premium Park facility.

It is these sorts of developments that make hemp industry experts to agree with industry players, such as Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) and Sugarmade Inc. (OTCQB: SGMD), who say that hemp and its associated activities can bring immense economic benefits to any area where it is legalized.

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