True Leaf Brands Inc. has received preliminary subdivision approval from the Village of Lumby for a first-of-its-kind Cannabis Business Park in the Okanagan Valley. True Leaf's 40-acre parcel of land in Lumby is zoned for cannabis production. Through a phased approach, the company plans to subdivide the property into 14 lots to offer land packages to regional micro-cultivators. This will create a hub for the craft cannabis community adjacent to the company's existing operations at its True Leaf Campus grow facility. Demand for industrial land in B.C.'s Central Interior region is high, with land in the Kelowna area valued at $1 million an acre. Lumby is an ideally situated alternative, just a 45-minute drive from the Kelowna airport. The company received preliminary subdivision approval for phase one, consisting of the grow facility site and three additional lots fronting Shuswap Avenue. The lots will be fully serviced with municipal water and power, ideal for micro-cultivators or other businesses looking for a home in the area. The company is preparing full subdivision plans which it plans to submit within a few weeks and expects to begin marketing phase one this summer.