Agra Ventures Ltd has received the test results from the four successful batches that comprise the recent crop of cannabis grown and harvested at its Delta greenhouse complex.
The company said it submitted five strain samples – Mimosa, Motor Breath, Purple Punch, Rogue Gelato, and Thrive – to an independent, Ontario-based laboratory to test each one for THC content, CBD content, and moisture level.
For the Mimosa strain, as an example, the THC level was reported to be 21.17%, with accompanying CBD and moisture levels appropriate for the sample.
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Subject to changing supply and demand dynamics in the market-based pricing environment, Agra said it is in the process of determining which strains may be sold as dried bulk flower and for use in extracts -- these determinations are expected to be made in the near term and are also currently subject to ongoing negotiations with third parties.
As previously announced, all crop sales will be made on a wholesale business-to-business basis to a Canadian licensed producer of cannabis until such a time that the company is in possession of a sales license from Health Canada.
The company said it expects to provide an update on the sale of the crop, in whole or in part, at its earliest convenience, which may be subject to certain limitations for competitive or confidentiality reasons depending on each counterparty.
Meanwhile, Agra has announced that it has recently engaged Michael Chyczij as its Master Growing Consultant.
Based in Vancouver, Chyczij has been engaged for an initial term of six months to assist with the development of Boundary Bay Cannabis products at the Delta greenhouse complex, the company said.
Chyczij was also instrumental in the development of an in-depth education and training program for Canna Cabana – one of Canada’s leading retailers of recreational cannabis. From 2019-2021, Agra said he worked with Mount Royal University as an instructor and course developer, while also sitting on the advisory board for the faculty of Continuing Education, with a focus on commercial cannabis cultivation.
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