September 29, 2017 1:52 pm
Updated: September 29, 2017 7:00 pm

Lumby could become a significant producer of legal medical marijuana

Toronto's school board is asking to be consulted on discussions surrounding the regulation and locations of marijuana dispensaries.

CANADIAN PRESS / Ron Ward
A A

Correction: The company is not expecting to hire 75 people initially. True Leaf is hoping to hire 25 to 30 people initially and could employ more than 75 people once more facilities are built.

A Vernon company’s plans for a medical marijuana production facility in Lumby appear to be moving closer to reality.

Story continues below

True Leaf Medicine International has put a $100,000 down payment on a 40-acre Lumby property and has the option to purchase it for $3.3 million until the end of the year. True Leaf still needs to raise the funds to finance the deal but is optimistic that will go smoothly.

READ MORE: Green light for Kelowna company to grow, process and research medical marijuana

True Leaf said it has completed most of the Health Canada process to become a licensed producer under federal Access to Cannabis for Medical Purposes Regulations but will still need to pass an inspection once its facility is built.

The company plans to “refit” an existing 16,000-square-foot building on the Lumby property and produce roughly 2,500 kilograms of dried cannabis each year. It’s hoping to hire 25 to 30 people initially and could employ more than 75 people once more facilities are built.

READ MORE: Kelowna medical marijuana user battling landlord

However, True Leaf said in the future it could build a 1-million-square-foot facility on the 40-acre property which would allow it to produce over 125,000 kilograms of marijuana.

© 2017 Global News, a division of Corus Entertainment Inc.

Report an error

Comments

Want to discuss? Please read our Commenting Policy first.