Medicine Man Technologies Closes on First Phase of Initial $14 Million Strategic Investment from Dye Capital & Company

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In anticipation of receiving Health Canada approval, the company dedicated growing rooms at its Paris Facility to propagate starter clones with strains particularly well-suited to outdoor cultivation. Approximately 13,000 of these starter clones are now on-site at Port Perry. The license allows for cannabis cultivation in Zone 1 of the company’s outdoor grow facility, with 292,000 square feet of immediate, licensed cultivation area. The company expects to receive a Health Canada license amendment for the remainder of the total 1.1-million-square-foot facility in the next month. In anticipation of the amendment, some of the 13,000 starter clones will grow in pots in the licensed Zone 1 area and be moved to, and planted in, the additional area of the facility upon receipt of the Health Canada license amendment.

The outdoor grow operation will be overseen by Aleafia Health’s proven cultivation team with three master growers, which together have led the build-out and operations of seven cannabis cultivation facilities.

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