(via TheNewswire)
The first phase will result in the build out of 7,000 square feet of indoor space, inclusive of 2,000 square feet of canopy with the required security and supportive rooms. This phase will also see the installation of 2,900 linear feet of fencing expected to commence on
"We're excited to move forward quickly," says
A Prime Location for Cannabis Cultivation
SIRE's Property contains 137,088 square feet of greenhouse space and 40 acres of outdoor growing area. Before scaling to maximum growing output, SIRE will begin cultivating high THC strains on three acres of land.
"We're taking this strategic and sustainable approach so we can understand the capabilities of the land and scale our business responsibly," explains Polla. "Our priorities are efficiency, scalability, and long-term shareholder value. To that end, we are extremely practical in our operations and creating multiple revenue streams in a yet to be defined market which will give us the ability to be nimble and maneuver quickly knowing that as growing commoditizes, 'brand' will win in the end."
Consumer Demand Continues
Consumer demand for cannabis shows no signs of slowing down. Analysts predict that legal cannabis sales may reach
As construction on the Company's Property progresses, SIRE will continue to explore unique strains and product offerings to appeal to a wide variety of cannabis consumers. The site will also allow for future expansion opportunities.
SIRE will be documenting the process on their social platforms. Follow along @sirebioscience.
About Sire Bioscience
SIRE's principal business activity is to engage in the investment, production of, and sale of hemp. Its mission is to execute on brand offerings that connect with people and build top of mind awareness.
SIRE is headquartered in
FOR INFORMATION, CONTACT:
E:ir@sirebioscience.com
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Forward-Looking Information Cautionary Statement
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
*https://www.bloomberg.com/news/articles/2019-07-18/booming-demand-for-cbd-is-making-hemp-the-cannabis-cash-crop
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Copyright (c) 2019 TheNewswire - All rights reserved., source