Cannabis-focused Weekend Unlimited Inc (CSE:YOLO) told investors that its tenant company Orchard Heights Growers produced over one ton of high-quality, solar-powered cannabis material.
The company, which is a commercial cannabis Tier 3 producer/processor, conducted its first four days of harvest in Washington from October 30 to November 2.
READ: Weekend Unlimited broadens footprint, gives update on Washington State acquisition
Over the four days, 4,000 pounds of bulk raw cannabis material was harvested from 10,000 sq ft of canopy, expected to generate around US$500,000 in revenue.
The material harvested is expected to produce more than 50,000 grams of premium concentrate, 250,000 prerolls, or a combination of the two with premium concentrate infused prerolls.
"As a proof-of-concept crop, the 4,000 lb of wet material harvested will be used to produce concentrates and prerolls," said Cody Corrubia, Weekend Unlimited's president and chief executive.
"A quantity of the best product will be frozen and reserved for the launch of a premium Live Resin brand this winter."
Orchard Heights is being positioned as a business-to-business (B2B) solution for independent growers looking for choice genetics, farming guidance, and processing and distribution solutions.
Orchard Heights is developing infrastructure, including a nursery with tissue culture technology and robotic automation, enabling the current operation to produce in excess of 2 million per year, which corresponds to over 10 million sq ft of canopy.
The development of the infrastructure noted is underway and will be completed within six months at a cost of around US1 million.