- Pac Roots expecting to close deal in September for acquisition of several parcels of land with no zoning restrictions, located in prestigious Fraser Valley
- Company’s new indoor facility and 100-acre Hemp JV project in Rock Creek, B.C., with preliminary results suggesting successful fall harvest, make this ideal time to acquire land in Fraser Valley
- Future development of elite CBD and THC strains and company’s overall hemp and cannabis infrastructure have tremendous potential thanks to company’s strategic genetic licensing partner, Phenome One
The Fraser Valley Regional District is one of the most productive and intensively farmed areas of Canada, with high-quality soil, favorable climate, water, and a local market of 2.5 million people. Agriculture in this region yields an annual economic value of more than $3 billion.
Pac Roots Cannabis (CSE: PACR) and its shareholders will own and control 250 acres of this land thanks to a share purchase agreement that was initiated in July with 1088070 BC. LTD. In accordance with the agreement, Pac Roots will soon acquire all issued and…
NOTE TO INVESTORS: The latest news and updates relating to PACR are available in the company’s newsroom at http://cnw.fm/PACR
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