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Founder
Proprietary indoor facility to produce indoor flower at scale
The purpose-built facility has been completed on time and on budget with the assistance of our experienced Growers and talented construction staff. The design and layout of the building was constructed with the Growers input from the very beginning, ensuring they are provided with the space required to grow their best products, in the most efficient way possible.
Founder
Premium indoor flower remains in high demand
Flower in the Canadian legal market, for many reasons, is primarily of poor quality that has consistently disappointed consumers1. Availability of high-quality flower across the country remains low leaving consumers searching for a high-quality producer that offers flower at a price competitive with the black market2. Although there is an excess of flower on the market currently, a very small percentage of that excess product is of the quality or price that consumers are looking for3. From initial consumer and retail feedback, SpeakEasy believes that it has been able to produce some of the best flower currently available on the market. We are now increasing our production capabilities to meet the realistic demands that currently exist in the market giving us the ability to have a consistent supply in multiple provinces.
About
square foot indoor cannabis complex and has completed its harvest of its 60-acre outdoor field. Total yearly production of cannabis flower and biomass is projected to be in excess of 70,000 kilograms per year once in full production.
On behalf of the Board of the Directors
Forward Looking Statement
This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause SpeakEasy's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document include statements concerning SpeakEasy's expectations concerning its sales and the timing thereof; its expectations that concerning achieving full production and the timing thereof; its expectations regarding the amount of flower that it can grow at its facilities on a monthly basis; its expectations on the timing and completion of its additional space, its expectations regarding market demand for its flower and its intent to produce and sell high quality craft cannabis, and all other statements that are not statements of historical fact.
Although SpeakEasy believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; COVID-19, adverse industry events; future legislative and regulatory developments involving cannabis; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis and hemp industries and markets in
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release.
1 Low-Quality Cannabis in | |
2 https://www.bnnbloomberg.ca/cannabis-canada-daily-black-market-accounts-for-nearly-80-of-pot-spending-1.1222534 | |
3 Marijuana Stocks Fall on Warning of Supply Issues and Low-Quality Pot |
SOURCE
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