Weed Like to enhance the future of Cannabis

TerraCann Solutions is a member of the Everest Group of Companies. Established in 2002, Everest is a vertically integrated international real estate development and asset management group headquartered in Canada.

There is a significant shortage of medical and recreational cannabis both domestically and internationally.

In May, Health Canada announced that those seeking licenses to grow must now have a fully built out facility that meet all cannabis regulations before they apply. This created a significant barrier to entry for many small to medium-sized growers.

Why Micro Cultivation

Micro Cultivation is a special cultivation license aimed at “craft” and smaller scale cultivation operations. The Micro Cultivation license permits 200 square metres (approximately 2,152 square feet) of total cultivation space. The process and requirements for obtaining a Micro Cultivation license are far less onerous and costly than a Standard Cultivation license. This makes Micro Cultivation an accessible entry point for small business and entrepreneurs into the cannabis cultivation business.

OUR SOLUTION

Everest has an existing building in Acheson Commercial Corner, which will be retrofitted for the purposes of Micro Cultivation.

Our existing building is 19,200 sq ft with a future expansion potential of 12,000 sq ft. TerraCann Limited Partnership I will invest in “Bay1” which has a footprint of 4,400 sq ft and contains 200 m2 (2,152 sqft) of cultivation space which is  expected to produce between 690 and 1,380 pounds per year over 5 harvest cycles, for total projected gross revenues between $0.73 million and $2.30 million annually.

This is a turn-key real estate facility – includes furniture, fixtures, and equipment, operational procedures, and marketing support.

1 Sec
Cannabis consumers placed an order every 8 Seconds in 2018
1 %
of adults are projected to be cannabis consumers
1 B
Direct cannabis market

TerraCann’s solutions for prospective Micro Cultivation growers include:

Obtaining a Micro Cultivation license – this includes the physical facility and layout, site plans, providing Standard Operating Procedures (SOPs), and obtaining business licenses from the appropriate jurisdiction.

The applicant will need to qualify for the transfer of license which will include a security check and corporate documentation.

Turn-key real estate facility – including furniture, fixtures, and equipment, operational procedures, and marketing support – Ongoing access to a Master Grower, Operational and marketing consulting

Get in Touch with Us

Learn more about what we do and how you can be a part of the ever-growing Cannabis Industry

Copyright 2019 TerraCann Solutions Inc.© All rights Reserved.