How “high” can Low get?
North Bud building big cannabis plant in Low
There’s good economic news for the Hills as a new company called North Bud announces it is in the process of building a 95-acre cannabis producing facility on company-owned agriculture farmland in the northern part of the Municipality of Low.
North Bud CEO Ryan Brown, from the firm’s offices in Chelsea, reports that work on the plant building has been going on in spite of a difficult winter and that about 65% of the facility is already built.
The farm site is within 10 km of the Paugan Hydro Electric Station in the Gatineau River watershed. Plans include a 25,000 sq. ft. facility on the company-owned land. The farm will be powered entirely by one of the cleanest and most reliable energy sources in the world, the watershed providing the farm with irrigation needs while North Bud will give back with a state-of-the-art water recycling facility.
“The farm is the single greatest step to leading the industry toward North Bud’s vision of an ethical, sustainable and healthy future,” said Mr Brown.
“Quebec’s hydroelectric infrastructure is the best choice for a clean, powerful and low-cost energy source. By building close to this source, as well as in close proximity to both Quebec and Ontario markets, we are setting a new standard in environmental responsibility,” states Peter Souchen, the company’s business development agent.
The company intends to supply the newly legalized Canadian market with pharmaceutical-grade and food-grade cannabis from diverse genetic sources. Meanwhile, the Canadian government has set October 17 as its target date for the sale of legal pot edibles.
North Bud has announced its license application to the government to include 500,000 sq. ft. of outdoor growing space.
And it reports its Letter of Intent (LOI) to acquire Eureka Vapour, a California-based company with a 24 million market cap that produces vape products. North Bud trades on the Canadian Securities Exchange under the symbol NBUD.