1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) revealed Friday that both the Clark County and Nevada Department of Taxation have greenlighted the transfer of its existing cultivation licenses to a new Las Vegas cultivation facility.
This in essence completes all the necessary steps for the company to kick off the transfer and planting of cannabis plants at the new facility in Nevada.
1933 Industries recently completed the final phase of construction and received a permanent occupancy permit for Las Vegas, allowing its subsidiary Alternative Medicine Association to move into the facility and begin cultivation.
The building consists of 15 bloom rooms, three veg rooms for baby plants and one clone room. The initial operating capacity is roughly 22,000 square feet, with the option to expand into an additional 18,000.
“We have worked closely with county and state authorities to ensure the smooth transfer of our cultivation licenses from the old facility to the new one,” said Caleb Zobrist, who is the executive vice president and legal counsel at 1933 Industries. “Having the licenses in place enables us to commence cultivation operations in the new facility immediately.”
Site work completed
With all site work completed, the company will begin the transfer of the 26 plant varieties, including 5,000 cloned plants and 200 so-called mom plants, to the facility.
The aim is to fill up two full zones or six rooms within a week in its first phase, said the company.
The clones will vegetate for about four weeks before beginning the flower cycle.
“We will start acclimatizing the plants in the new rooms and ensure that all life-support systems, such as temperature, irrigation, light and humidity controls are functioning as designed,” said Tim Spencer, director of cultivation at 1933 Industries.
With a grow cycle of 15 weeks, 1933 expects between 700 and 800 pounds of flower per month at capacity.
Best-selling live resins
Alternative Medicine Association’s live resins and vape pens are the company’s best-selling items due to their versatility and contain cannabis-derived terpenes in a variety of flavors.
The company explained that the new facility will provide better control over the input material for its live resin products and use a flash freezing fresh flower process to preserve monoterpenes that are not found in cured biomass.
This process essentially allows the company to extract a better representation of the full terpene profile of the flower for increased potency and better taste.
“Our 26 in-house plant varieties were carefully selected for their quality and terpene profiles,” said Spencer. “Our goal is to cultivate premium flower to produce the best concentrates in the Nevada market at reasonable prices.”
Spencer added that the company was “excited” to begin working with its world class breeder partner, OG DNA Genetics, as soon as they were settled in their new facility.
1993 Industries, based in Vancouver, owns licensed medical and adult-use cannabis cultivation and production assets, proprietary hemp-based, CBD infused branded products, CBD extraction services and a specialized cannabis advisory firm.
Vertically integrated 1933 Industries owns 91% of Alternative Medicine Association which is based in Nevada and fully owns both Infused MFG and Spire Global Strategy, located in Vancouver.
Contact Uttara Choudhury at [email protected]