Proactive Investors - Run By Investors For Investors

Weekend Unlimited's Jamaican prospect expands production

R&D Pharma's production should triple when an additional five-acre outdoor plot at its property in Jamaica is cultivated
cannabis
37 additional cannabis strains are being cultivated by the Jamaican company as part of a program to produce equatorial and tropical cannabis varieties

The cannabis company Weekend Unlimited Inc (CSE:YOLO) announced Thursday that R&D Pharma, its acquisition target in Jamaica, is expanding its marijuana growing operations.

An additional five-acre outdoor plot at the R&D Pharma property in Jamaica is set to be prepared for cultivation beginning next year, which should triple the company’s production.

READ: Weekend Unlimited begins greenhouse construction at Northern Lights Organics subsidiary

And Cody Corrubia, CEO of Weekend Unlimited, reports that 37 additional cannabis strains are being cultivated and ‘phenotyped’ by the Jamaican company as part of an in-depth program to produce unique equatorial and tropical cannabis varieties for both the medical and recreational markets.

Called Tropicann Jamaica, the R&D Pharma property now spans 98 acres, 60 acres of which are usable for cultivation.

The Jamaican company is now producing 13 acclimated strains of cannabis and 120 mother plants, according to Corrubia.

Currently, there are 5.2 acres of terraced outdoor cultivation being used at the site. This includes 3.2 acres of commercial cultivation, which is capable of producing 5,750kg of dry material per year. The remaining two acres are used for research and development, producing 3,000kg.

The site also boasts a 6,000 square foot green house, which houses a 3,600 square foot flower room; this facility is able to produce 600 kg of dry material per year for an onsite dispensary, which is planned to serve tourists.

Weekend Unlimited shares slipped 4.35% to hit C$0.11 on Wednesday.

Contact Ellen Kelleher at [email protected]

 

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full YOLO profile View Profile

Weekend Unlimited Inc. Timeline

Related Articles

Cannabis leaf
November 19 2018
With the legalisation of recreational cannabis in Canada in October, and the US expected to follow suit, the company has its sights set on building up the very best in the industry
Woman holding cannabis leaf
October 16 2018
Canadian subsidiary Crystal Mountain is expanding its range of hydroponics equipment to meet expected demand.
cannabis
August 28 2018
Tidal Royalty provides capital to help grow licenced US cannabis firms in exchange for receiving a percentage of future top-line revenues.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use