Vancouver, British Columbia – (PR Newswire) – Tuesday July 16, 2019) – Stillcanna Inc. (CSE:STIL, OTC:SCNNF, FRANKFURT:A2PEWA)("STIL" or the "Company") is pleased to announce that its Polish agricultural team is in the final stages of crop rotation.
In managing 1500 hectares of hemp, the planting, maintenance and harvesting are carefully planned to maximize the Company’s agricultural equipment. The Company plants and harvests in stages, with planting happening over a 60-day period and harvesting happening over a 60-day period. The Olimax team in Poland is actively working on the last of its planting cycle while preparing for the beginning of its harvest cycle in the next few weeks.
The Company’s proprietary hemp varietal has a 50-day growth cycle to harvest, this fast growing varietal allows for easy crop rotation and management, with the possibility of two crops per year.
As previously stated on June 14, 2019 the Company is expecting 350 kilos of dried flower per hectare from its 1500 hectares, for a total yield of 525,000 kilos of flower. Should the flower contain hold 5% CBD by volume then the Company has the potential to yield over 36,000 kilos of CBD. The Company anticipates bulk pricing of CBD isolate in large volumes will average C$5,000 per kilo.
The Company’s Nexus extraction facility in Poland is on time and on budget, the Company expects the facility to be in production Q4 to begin fulfilling its sales commitments.
“Our team continues to be focused on the tasks at hand,” stated Jason Dussault CEO of Stillcanna. “The culmination of our teams efforts should be apparent in the 4th quarter and we achieve our harvesting, extraction and sales milestones.”