Okanagan Cultivators has approved further plans to set up cultivation operations in the Czech Republic with the Czech Government in support of medical cannabis. Okanagan Cultivators a Canadian cannabis company that specializes in premium medical grade cannabis cultivation with operations in Canada and Europe has much to gain from this decision. Currently the Czech Republic imports all its product from outside sources leaving the country out of the cannabis gains to a degree. The government plans to vote on changing this in 2021 allowing for cultivation of THC Cannabis flower, although it is unknown what this will look like for potential cultivators Okanagan is already approved to cultivate CBD and CBG in the Czech Republic. The facility will cultivate CBD & CBG flowers only until approved by the government to also cultivate THC.
“We are currently looking at around 5000m2 approx. 50,0000 sq ft of cultivation space,” said Ken Fortier, Okanagan’s Chief Operating officer and Master Grower “We have a new technology we will deploy in this facility which should allow us to produce roughly 6 to 8000 kilos per year. At today’s market price that is about 50,000,000 euros worth of premium product.” This may seem like a lot but for Okanagan there is a huge demand for organic premium pharmaceutical grade medical cannabis and this may only meet a portion of the demand.
Okanagan who signed an off-take agreement to supply Remedy Pharmacy earlier this year is in much needed expansion in order to supply the needs of Remedy Pharmacy and other clients. Which is why the Czech Republic is not the only country Okanagan plans to operate its cultivation fasciitis, Greece is also on the list for Okanagan, with their licence application currently in process with the Geek Government and supported by Dentons law firm.