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North Bud Company (CNSX:NBUD) CEO on Outdoor Grow Operations and 2019 Plans
North Bud Company (CNSX:NBUD) CEO Ryan Brown provides an update on the company’s current projects and plans for 2019. North Bud is currently building its 25,000 square foot indoor production facility on 95 acres of agricultural land in Chelsea, Quebec. The company has amended its application to include 500,000 square feet of outdoor grow. Brown anticipates that once this facility is completed, North Bud will have an indoor production capacity of over 800,000 grams per year in addition to 12,000 kilos of low-cost, organic biomass anticipated from outdoor growing. This production footprint positions the company to compete in the boutique flower market as well as the edible and derivative space. North Bud is on track to both receive its Health Canada licenses and open its Chelsea facility by the end of Q1 2019. North Bud went public in the fall and while Brown admits the timing was not optimal due to macro market conditions, he believes the company represents a positive opportunity for investors.