Agraflora Organics Releases Loose Guidance For 2021

Agraflora Organics (CSE: AGRA) this morning provided guidance to the market on its 2021 phase 1 operations for cannabis cultivation at its Delta BC facility, referred to as Propagation Services Canada. Guidance provided by the company was focused on both construction schedules, as well as anticipated growing capacities.

In terms of construction, the company expects ro complete dry room infrastructure at its facility, with the infrastructure slated to support 500 kilograms of dried saleable product. A timeline other than “2021 completion” was not provided.

In terms of its operations, the company currently intends to grow 10,000 plants from which it anticipates to yield on average 50 grams of dried flower per plant, based on prior test harvests conducted this year. Wholesale transactions are currently anticipated to occur in May 2021, however quantities of the initial deliveries were not provided. The company has indicated as well that it plans on growing five different varieties of cannabis for its first sale to wholesale partners.

Finally, the company continues to work towards its goal as becoming a leader of the low-cost providers of high-THC cannabis in 2021. However, in essence, this remains the focus of most cannabis operators as they look to continually lower their cost of production.

Agraflora Organics last traded at $0.03 on the CSE.

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Information for this briefing was found via Sedar and AgraFlora Organics International Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.