MMJ PhytoTech Limited (ASX: MMJ) has advised the market that its wholly-owned subsidiary United Greeneries Holdings Ltd (UG) has successfully completed its first cannabis harvest at the Duncan Facility in Canada.
UG’s first crop of the OG Kush strain has yielded approximately 60kg of dried cannabis buds, with the harvest passing strict internal quality control measures.
The Company expects the cannabis buds to be ready for shipment by late April.
Cultivation activities are continuing to be scaled up at the Duncan Facility, as UG looks to establish a first-mover advantage in the soon to be legalised Canadian recreational market, which will have an estimated value of CAD$5 billion per annum.
The Company will provide the market with further operational updates in the coming weeks.