Bougainville Ventures Inc. announced that the licensed I-502 tenant-grower for the Company's Oroville Campus has received their final production approval from the Washington State Liquor Control Board (WSLCB) to commence operations. This signals a major milestone for the Company and its obligation to company's tenant-grower for a turnkey facility and more importantly to begin cash flow as early as the first quarter of next year. The first 10,000 sq. ft. of a 30,000 sq. ft. Tier-3, I-502 production and processing license is already built. In addition to the 10,000 sq. The tenant is licensed to build out up to 30,000 sq. ft and once fully built-out the facility will be able to house 3,000 plants. Further updates will be provided as they are made available. In November 2012, the Washington State Liquor Control Board (WSLCB) passed Initiative 502 (I-502) pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 - $1.5 billion in annual sales.